tSTRUCTURE OF BANKS Commercial banks can be divided into 2 main categories: (1) Scheduled banks (2) Non-scheduled banks (1) Scheduled bank: A scheduled bank is so called because it has been included in the second schedule of Reserve bank of India Act‚ 1934. To be included in the schedule‚ the bank must satisfy the following 3 conditions: (a) It must have paid up capital and reserves of an aggregate value of at least Rs. 5 lakhs; (b) It must satisfy the reserve bank that its affairs
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Indian Overseas Bank Indian Overseas Bank (IOB; established 1937) is a major bank based in Chennai (Madras)‚ with 1‚400 domestic branches and six branches overseas. Indian Overseas Bank has an ISO certified inhouse Information Technology department‚ which has developed the software that 900 branches use to provide online banking to customers; the bank has a target to expand online banking to 1200 branches by the end of financial year 2007-08. IOB also has a network of about 500 ATMs all over India
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Vocabulary Bank UNIT 1: Offbeat Jobs 1C. Vocabulary for Comprehension contestant creative factory flavor (noun) host (noun) insurance policy offbeat spicy food taste (verb) taste buds 3. Focus on Vocabulary adventurous be careful dangerous get started help other people high-paying indoors low-paying lucky quit safe (adjective) the right job for someone tiring usual work outdoors working alone UNIT 2: A Piece of Country in the City
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career to be related with those areas. 1.1.3 Reason for choosing topic organization In every developed country‚ banks are important for its improvement in economy and wealth of its citizens. I intend to work at a good reputed bank in future. Then I become willing to know how UK listed banks perform successfully and reliably for their customer. In UK‚ listed banks provide more complicated and sophisticated service to meet customers’ satisfaction. Among them‚ I am especially interested
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Rodriguez operates a variety store that provides an annual revenue of $480 000. Each year‚ he pays $25 000 in rent for the store‚ $15 000 in business taxes‚ and $350 000 on products to sell. He estimates he could put the $80 000 he has invested in the store into his friend’s restaurant business instead and earn an annual 20 percent profit on his funds. He also estimates that he and his family could earn a total annual wage of $90 000 if they worked somewhere other than the store. a. Calculate the total
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industry in Bangladesh The commercial banking system dominates Bangladesh’s financial sector. Bangladesh Bank is the Central Bank of Bangladesh and the chief regulatory authority in the sector. The banking system is composed of four state-owned commercial banks‚ five specialized development banks‚ thirty private commercial Banks and nine foreign commercial banks. The Nobel-prize winning Grameen Bank is a specialized micro-finance institution‚ which revolutionized the concept of micro-credit and contributed
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Chapter 16 Test Bank Multiple Choice 1. The Renaissance was born in which of the following cities? a. Athens b. Rome c. Florence d. Pisa Answer: c 2. Cultural and political leadership for the early Renaissance was under the auspices of which of the following families? a. the Lombards b. the Medici c. the Visconti d. the Castiglione Answer: b 3. Which of the following events caused a climate of intellectual skepticism in middle-class men and women of the era? a. the Black
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The Oldest Joint Stock Bank of the Country‚ Allahabad Bank was founded in April 24th of the year 1865 at the confluence city of Allahabad by a group of Europeans. At that occasion Organized Industry‚ Trade and Banking started taking shape in India. Thus‚ the History of the Bank spread over three Centuries - namely Nineteenth‚ Twentieth and Twenty-First. As a leading public sector commercial banks in India‚ Allahabad Bank offering banking products and services to corporate and commercial customers
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of the least developed countries in the world. To bring about desired change in the socio-economic field‚ the role of the banks cannot be over emphasized. Agriculture‚ commerce and industry provide the bulk of countries wealth‚ without adequate banking facilities none of these can flourish. In international trade of country‚ the role of a bank is simply indispensable. Banks also contribute toward the development of capital market of a country. The development of agriculture is also largely dependent
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UNIFIED DIRECTIVES Issued by Nepal Rastra Bank to the Licensed Banks and Financial Institutions‚ 2010 (Revised with inclusion of the Unified Directives‚ 2009 and the Circulars/Directives/Guidelines issued until July 16‚ 2010; Effective from July 17‚ 2010) NEPAL RASTRA BANK CENTRAL OFFICE BANKS AND FINANCIAL INSTITUTIONS REGULATION DEPARTMENT JULY 2010 Content S. No. Subject Page No 1. Provisions Relating to Capital Adequacy 1 2. Provisions Relating to Classification
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