Introduction To Banks Banks have developed around 200 years ago. The natures of banks have changed as the time has changed. The term bank is related to financial transactions. It is a financial establishment which uses‚ money deposited by customers for investment‚ pays it out when required‚ makes loans at interest exchanges currency etc. however to understand the concept in detail we need to see some of its definitions. Many economists have tried to give different meanings of the term bank. Nature
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INVESTMENT BANKS As with commercial banks‚ investment banks are highly leveraged entities that play important roles in both the primary and secondary markets. Investment banking activities include: • Raising funds through public offerings and private placement of securities. • Trading of securities. • Mergers‚ acquisitions‚ and financial restructuring advising. • Merchant banking. • Securities finance and prime brokerage services. The first role is assisting in the raising of funds by
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alludes to bank secrecy and minimizing taxes through careful allocation of assets‚ or by hiding assets from the taxing authorities. Swiss and certain offshore bankshave been criticized for such cooperation with individuals practicing tax evasion. Although tax fraud is a criminal offense in Switzerland‚ tax evasion is only a civil offence‚ not requiring banks to notify taxing authorities.[3] Historically‚ private banking has developed in Europe (see the List of private banks). Some banks in Europe
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INTRODUCTION: Corporation Bank‚ founded in 1906 in Udupi‚ Karnataka state‚ India‚ is one of the Indian Banks in Public Sector Undertaking. The body was founded with an initial capital of Rs. 5000 (US$ 100)‚ and first day’s canvassed resources of less than one US$ 1‚ has currently (31 march 2004) 11‚325 full time employees‚ and operates from several branches in India. The Bank is a public sector unit with 57.17% of share capital held by the Government of India. The Bank came out with its Initial
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Premier Bank Corporate Information Background The Premier Bank Limited is incorporated in Bangladesh as banking company on June 10‚ 1999 under Companies Act.1994. Bangladesh Bank‚ the central bank of Bangladesh‚ issued banking license on June 17‚ 1999 under Banking Companies Act.1991. The Head Office of The Premier Bank Limited is located at Banani‚ one of the fast growing commercial and business areas of Dhaka city. Corporate Information: Authorized Capital : BDT 6000.00 Million Paid up
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courses and other development interventions in coordination with the BSP Institute and the Human Resource Development Department. 2. Central Applications and Licensing Group • Evaluates requests of banks and non-banks which require approval of the BSP on matters such as the establishment of banks‚ branching‚ equity investment outsourcing and in-sourcing‚ cross-selling‚ cash or stock dividend declaration‚ issuance of the Foreign Currency Deposit Unit and quasi-banking licenses‚ acceptance of government
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Allahabad bank:- Headquarters: Kolkata‚ Founded: 1865 Andhra bank:- Headquarters: Hyderabad‚ Founded: 1923‚ Founder: Bhogaraju pattabhi sitaramaya‚ key people: B A prabhakar Bank of Baroda:- Headquarters: Vadodara‚ Founded: 1908‚ Founder: Maharaja Sayajirao Gaekwad Key people: SS Mundra (Chairman&MD) Bank of India:- Founded: 7Sep 1906‚ Headquarters: Mumbai‚ Key people Vijayalakshmi R Iyer (CMD) Bank of Maharashtra:- Founded 1935‚ Headquraters: Pune‚ Key people: Shri Narendra Singh
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Social Science Vol. 4 No. 6; June 2013 Credit Risk Mitigation Strategies Adopted By Commercial Banks in Kenya Moses Ochieng Gweyi Assistant Lecturer Department of Co-operative Studies The Co-operative University College of Kenya P.O. Box 24814-00502 Nairobi‚ Kenya Abstract The study’s overall objective was to investigate credit risk mitigation strategies adopted by 44 the commercial banks currently operating in Kenya. The study was descriptive in nature. The study opted for both primary
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Bank Supervision and Regulation In order for the United States economy to be successful‚ there has to be some kind of regulations in place. If there is a stable and sound financial system in place‚ that will increase the effectiveness of the economy and also increase the effectiveness of monetary policy. The institution that is in charge of supervising and regulating financial institutions is the Federal Reserve. Bank supervision includes things such as monitoring and examining the condition
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Umpqua Bank – Unit 4 Assignment March 1‚ 2011 Kaplan University‚ Marketing AB219-01 Introduction Financial institutions such as Umpqua Bank know the positive impact of employee incentive programs. Financial institutions such as Umpqua believe that they can ensure their customers will be treated well by first treating their employees well. They go beyond compensation to make their employees feel valued by using performance recognition programs. An annual awards gala for employees‚ on-the-spot
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