01 Reserve Bank of India as a Banking Regulator RESERVE BANK OF India was set up in 1935 under the Reserve Bank of India Act. 1934 and is the monetary authority and central bank of the country with responsibilities to overview‚ develop and regulate the financial system. CENTRAL BANKING FUNCTIONS 1. Reserve Bank. as Note-Issuing Authority Section 38 of the RBI Act The currency of our country consists of one-rupee notes and coins (including subsidiary coins) issued by the Government of India
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Innovation: Product innovation is the creation and subsequent introduction of a good or service that is either new‚ or improved on previous goods or services. Product innovation is defined as: the development of new products‚ changes in design of established products‚ or use of new materials or components in the manufacture of established products[1] Thus product innovation can be divided into two categories of innovation: development of new products‚ and improvement of existing products. Systemmatic
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A STUDY ON RISK MANAGEMENT IN BANKING INDUSTRY SHAJITHA.K M.Phil SCHOLAR.‚ Risk management is relatively new and emerging practice as far as Indian banks are concerned and has been proved that it’s a mirror of efficient corporate governance of a financial institution. Globalization and significant competition between foreign and domestic banks‚ survival and optimizing returns are very crucial for banks and financial institutions. However‚ selecting the efficient customer and providing
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The impact of IT in efficiency and effectiveness of banking sector in Sri Lanka THE INFORMATION TECHNOLOGY AND ITS IMPACT IN EFFICIENCY AND EFFECTIVENESS OF THE BANKING SECTOR IN SRI LANKA (WITH REFERNCE TO PEOPLE’S BANK AND PLC COMMERCIAL BANK PLC IN SRI LANKA) AUTHOR: M.R.M. FAZMEER 2005/2006 FMC SOUTH EASTERN UNIVERSITY OF SRI LANKA What is information technology? The study or use of computers and telecommunications for storing and sending Information (Oxford dictionary‚ 2003) “The information
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Technology (ICT) and Banking Industry Alawode‚ Ademola John+ Emmanuel Uche Kaka** * Department of Computer Science‚ Federal Polytechnic Ilaro‚ Ogun State‚ Nigeria ** First Bank Nigeria PLC‚ Ahoada Branch‚ Rivers State‚ Nigeria. Abstract Information and Communication Technology‚ the language of the new age and its grammar which is Science has become an indispensable and veritable tool for enhancing effectiveness and efficiency in all other aspects of life. Banking industry has learnt the grammar
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article is brought to you by www.bdresearch.org Banking Sector in Bangladesh: Its Contribution and Performance Sharif Rayhan Siddique* A F M Mafizul Islam** Abstract: The paper attempted to highlight the prospects and opportunities of banking sector in Bangladesh. Like other economic sector in the country‚ Banking is one of major sectors which contribute to the national economy. The study tried to furnish the overview of the performances of banking sector and also find out the comparison among
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SUBMISSION 31/7/2010 DISCUSS HOW MICHAEL PORTERSCOMPETATIVE FORCES BEING IS APPLIED IN THE BANKING SECTOR Introduction: The banking Industry in kenya has tremendously changed its dynamics for the last one decade. Many banks have joined the industry both local and foreign. Notably‚ the no-banks financial institutions have been mushrooming by an alarming speed.. In any industry‚ including the banking industry‚ the nature of competition is always a function of the market structure. The trend today
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Chapter 2 Types of Innovation LEARNING OBJECTIVES When you have completed this chapter you will be able to: • Distinguish the different forms that innovation can take‚ such as product‚ process and service innovation • Differentiate and distinguish between the different types of innovation‚ such as radical and incremental innovation • • Describe each type of innovation Analyse different types of innovation in terms of their impact on human behaviour‚ business activity and society
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Chapter 1 straits settlements-The beginning The roots of banking in Malaysia can traced back to the existence of the British merchant communities in Penang and Singapura dating back to the 19th century when what was known as the Straits Settlement‚ a standalone British colony encompassing Penang‚Singapura and Melaka was established in 1867. Penang’s strategic location and port facilities quickly become a springboard for banks-Mercantile Bank (later a subsidiary of the Hong Kong Bank‚ and now HSBC)
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Effects of Barings Collapse on the Banking Industry The uncovered loss of GBP 830 million led to a liquidity crisis for the Barings Bank ‚ the collapse of the bank‚ which shocked all people‚ not only the financial world. Over the weekend of February 25 and 26‚ the management of Barings tried to arrange for a bailout by the Bank of England. Several investment banks gathered to discuss the possibility of raising enough private money to recapitalize Barings before the Tokyo market reopened on Monday
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