TERM PAPER ON ONLINE BANKING SERVICE IN BANGLADESH 1. DEFINITION OF ONLINE BANKING Online banking is a service offered by banks that allows account holders to access their account data via the Internet. In order to take advantage of online banking‚ an account holder would need to meet several technological requirements‚ such as having a personal computer with Internet access and web browser. If those conditions are satisfied‚ online banking can be performed from anywhere in the world. To minimize
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The concept of retail banking The retail banking means products and services offered to individuals and households sector for personal use and consumption like loans for housing‚ vehicle‚ for consumer durable‚ loans for enjoying vacations etc. It not only means lending but also involves whole of the banking services provided to individuals and household sector. The products to tap their savings and other services are included in retail banking. The retail banking concept has been expanded
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have been doing this‚ and internet banks continue the same function. The only difference is in the way the transactions are made. We all know about internet banking and most of us use it quite often as well‚ but few of us actually understand about the history of internet banking and how it all came out. Knowing the history of internet banking can be incredibly useful‚ especially since it will allow us to have more respect for the little things that we take for granted. Computers themselves have really
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A PROJECT REPORT ON THE EFFECT OF INFORMATION AND COMMUNICATION TECHNOLOGY ON THE EFFECIENCY OF BANKING INDUSTRY (IN UDAIPUR CITY) IN THE PARTIAL FULLFILLMENT OF THE REQUIREMENT FOR MASTER OF BUSINESS ADMINISTRATION (MBA) 2007-2009 PACIFIC INSTITUTE OF MANAGEMENT‚ UDAIPUR Post Box No. 12‚ Pratap Nagar Extension‚
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Recent trends in banking technology: 1. Convergence of Mobile and Online Technologies - Mobile banking started as an innovation‚ something only techies and first adopters felt comfortable using it. But as smartphones have skyrocketed in popularity over the past few years‚ mobile banking adoption has increased along with it. As banks continue to search for efficiencies and consolidate operations‚ the convergence of mobile and online technologies looks to be a prime opportunity to do so. 2
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become among the countries that have a topnotch banking industry‚” said Francois Denimal‚ Sungard director for sales said. Sungard operates in 30 countries including the Philippines. Denimal said that at the rate the banks are growing‚ financial institutions have no choice but to switch to better business solutions or upgrade their existing software and hardware. Sanjay Varma‚ Sungard managing director for banks in Asia Pacific‚ said that mobile banking in the Philippines “has already taken off
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Chapter Two: Organizational Profile 2.1. Organization Overview Mercantile Bank Limited emerged as a new commercial bank to provide efficient banking services with a view to improving the socio-economic development of the country. The philosophy of Mercantile Bank Ltd is not to ‘carry coal to the new castle’. The main target is to make credits available to the poor people and their activities are aimed at comprehensive growth where people from all economic
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market’s competitive structure and predicting the most likely direction of any future change. The following segment explains the various dimensions of competition as they apply to the investment banking industry. Components of competition in services offered by investment banks In investment banking industry or more specifically in the corporate negotiated public underwriting market‚ firms perform several relatively distinct services: Origination: Originating and managing a new financing
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economic crisis to its status of third largest economy in the world by 2011‚ India has grown significantly in terms of economic development. So has its banking sector. During this period‚ recognizing the evolving needs of the sector‚ the Finance Ministry of Government of India (GOI) set up various committees with the task of analyzing India’s banking sector and recommending legislation and regulations to make it more effective‚ competitive and efficient.[1] Two such expert Committees were set up under
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THE BANKING PRACTICES AND GENERAL BANKING FUNCTIONS UNDER AL-ARAFAH ISLAMI BANK LTD BANGLADESH by Samiul Haque ID: 0930163 An Internship Report Presented in Partial Fulfillment of the Requirements for the Degree Bachelor of Business Administration INDEPENDENT UNIVERSITY‚ BANGLADESH November 2012 2 The Banking practices and General Banking Functions under Al-Arafah Islami Bank Ltd THE BANKING PRACTICES AND GENERAL BANKING UNDER ALARAFAH ISLAMI BANK LTD BANGLADESH by Samiul Haque ID: 0930163
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