MANAGEMENT OF DEPOSITS IN COMMERCIAL BANKS Before going in to details of Deposit management One must under stand the format of balance sheet THIRD SCHEDULE TO BANKING REGULATIONS ACT 1949 FORM A FORM OF BALANCE SHEET SCHEDULE AS ON 31/3/---- (Current year) AS ON 31/3/---- (Previous Year) CAPITAL & LIABILITIES Capital Reserves & Surplus Deposits Borrowings Other Liabilites & Provisions 1 2 3 4 5 Total ASSETS Cash & Balances with RBI Balances with banks
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cannot be made payable to the bearer on demand though it can be made payable to the bearer after a certain time. 3. But a cheque {though a bill of exchange} payable to bearer or demand can be drawn on a person’s account with a banker. MEANING OF NEGOTIABLE INSTRUMENTS According to Section 13 (a) of the Act‚ “Negotiable instrument means a promissory note‚ bill of exchange or cheque payable either to order or to bearer‚ whether the word “order” or “ bearer” appear on the instrument or not.” In the
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Many of us have become accustomed to electronic payment systems. These systems will continue to increase as businesses and banks present more opportunities to use them. Resource: Ch. 9 of Essentials of Management Information Systems Answer the following questions in 200 to 300 words: 1. Name and describe various categories of e-commerce. The three main categories of e-commerce are: • Business-to-Consumer (B2C) electronic commerce involves retailing products and services to individual
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implied. The banker-customer relationship gives the bank implied authority to collect cheques on behalf of the customer. 6.3.2 By ratification The Agency by ratification occurs when the principle adopts a contract entered into by the agent. E.g. A bank’s actions may be ratified in the following circumstances: Pays a company cheque on an unauthorised signature where the company can ratify the cheque. Ratification will only be possible where:- i) The principal is fully aware of
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An Internship Report on Soneri Bank Ltd. Muhammad Ali Jinnah University ISLAMABAD Internship Report At Submitted by: Mr. Umair Azim ME063005 MBA (B&F) An Internship Report on Soneri Bank Ltd. Table of contents History Job Description Departments‚ I served Accounts Opening Remittance Clearing Areas‚ I learnt How my internship would influence my career Conclusion An Internship Report on Soneri Bank Ltd. History Incorporated on September 28‚ 1991 the first Branch of Soneri
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BANKING TERMS PAGE-1 The basic banking terms are frequently asked in all the Bank Interviews. These terms are useful not only for your interview but also for your general knowledge. Knowledge and Understanding of Important Banking terms play a very crucial role in the final selection. Account Agreement: The contract governing your open-end credit account‚ it provides information on changes that may occur to the account. Account History: The payment history of an account over a specific period
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MBA 670 EXAM – Spring‚ 2011 South West Cross Bank Towards the end of the 1990s‚ much of the European retail banking industry was facing unprecedented levels of competition. This was partly the result of excess capacity (many towns had four or more bank branches within 100 metres of each other) and partly triggered by the presence of aggressive new entrants‚ including insurance companies and other retailers‚ such as supermarkets. Many of the new retail banks concentrated on a few simple financial
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Service 5 2.2 Standing Committee on Customer Service 5 2.3 Branch Level Customer Service Committees 6 2.4 Nodal department/ official for customer service 7 3. Board approved policies on Customer Service 7 3.1 Comprehensive Deposit Policy 7 3.2 Cheque Collection Policy 7 3.3 Customer Compensation Policy 8 3.4 Customer Grievance Redressal Policy 8 3.5 Giving publicity to the policies 8 4. Financial
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Internship Report on “General Banking Activities Performed By a Commercial Bank-A Study on of Al-Arafah Islami Bank Limited” AL-ARAFAH ISLAMI BANK LTD. AN Internship Report On General Banking Activities performed By a Commercial Bank: A Study On Al-Arafah Islami Bank ltd. Prepared for Miss.Aysa Yeasmin Lecturer Department of Business Administration Sylhet International University. Prepared By Md.Shuhel Ahmed ID NO:-BA1238
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Here are the 5 main types of cash larceny - Stealing money from the till Writing IOUs against personal cheques Reversing cash transactions Removing auditing tape Altering cash counts Here they are again‚ with more detail and the means to detect/prevent them - STEALING MONEY FROM THE TILL Till‚ or register‚ theft has to be the most common form of cash larceny simply because it involves direct access to cash receipts. When cash is stolen from the register‚ there is already a record
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