The commercial banks serve as the king pin of the financial system of the country. They render many valuable services. The important functions of the Commercial banks can be explained with the help of the following chart. Primary Functions The primary functions of the commercial banks include the following: A. Acceptance of Deposits 1. Time Deposits: These are deposits repayable after a certain fixed period. These deposits are not withdrawn able by cheque‚ draft or by other means. It includes
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William Procter‚ a candle maker‚ and James Gamble‚ a soap maker‚ immigrants from England and Ireland‚ respectively‚ formed the company initially. Alexander Norris‚ their father-in law‚ called a meeting in which he persuaded his new sons-in-law to become business partners. On October 31‚ 1837‚ as a result of the suggestion‚ Procter & Gamble was born. In 1859‚ sales reached one million dollars. By this point‚ approximately eighty employees worked for Procter & Gamble. During the American Civil War‚ the company
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Internet and its Uses in Our Daily Life How difficult our life would have been if there was no Internet. Think about it. To find some information‚ we all have acquired the habit of ’Google’ it on the web; within a few seconds the screen displays the desired information. You want to book tickets for a movie night with friends‚ and you can book them at the click of a button. Many of us cannot imagine life without the social networking sites. The Internet has indeed made the world a small place and
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Green Banking means promoting environmental-friendly practices and reducing carbon footprint from the banking activities. It is also called ethical or sustainable banking. For banking professionals green banking involves the vision of sustainability‚ ethical lending‚ conservation and energy efficiency. A green bank is controlled by same authorities as what a conventional bank does‚ but it holds some distinctive characteristics over conventional banking practices. In conventional banking practices
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P&G Case Study 10/28/09 Procter & Gamble (P&G) has a lengthy history of providing a value-driven‚ ethical workplace culture. Product globalization created threatening issues to their success during the early 1990s. It was determined by company leadership in the mid-90s‚ that it was necessary to change the workplace product development model in order to remain highly competitive in the global economy. P&G had a reputation of fair treatment of employees‚ including being one of the first
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STUDY ON INVESTMENTS IN FINANCIAL MARKETS AT IIFL LTD ABSTRACT A financial market is a market in which people and entities can trade financial securities‚ commodities‚ and other fungible items of value at low transaction costs and at prices that reflect supply and demand. Securities include stocks and bonds‚ and commodities include precious metals or agricultural goods. The project “Investment in Financial Markets” gives a brief idea regarding the various
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The Evolution Of Banking by Andrew Beattie (Contact Author | Biography) With the exception of the extremely wealthy‚ very few people buy their homes in all-cash transactions. Most of us need a mortgage or some form of credit to make such a large purchase. In fact‚ many people use credit in the form of credit cards to pay for everyday items. The world as we know it wouldn’t run smoothly without credit and banks to issue it. In this article we’ll‚ explore the birth of these two now-flourishing industries
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The global banking sector: current issues The financial services sector is emerging from the worst financial crisis for 80 years. Tighter regulation‚ an overhang of debt in the west and the immense growth in the power of banks in emerging economies will transform the landscape of banking. What opportunities and threats will this create? And what are the main lessons that banks will learn from the crisis? CIMA sector report Key messages 1. 2. 3. There is growing optimism that both the world
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of e-Banking Channels in e-Banking available in Nepal Automated Teller Machines (ATM) Point of Sales (PoS) Telephone Banking (Tele Banking) Internet Banking Mobile Banking (SMS Banking) Current Status of e-Banking Services Provided in e-Banking In ATMs Cash Withdrawal Balance Inquiry Fund Transfer is not available. In PoS Terminals Financial transactions are made via Cards. Cash is debited from the client’s account(s). Cash cannot be deposited. Services Provided in e-Banking (contd…)
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Finance division of banking industry and utilizes most of my Finance skills and knowledge. So it was narrowed down to the study of Internet Banking. Objectives The main objectives of the study are: • To understand the concept of Internet banking and importance‚ to bank as well as customers. • To get aware of various aspects of net banking • To build up SWOC analysis of Internet banking. • To build up various solutions for drawbacks in net banking Scope of study
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