dilution of the government stake in public sector banks (PSBs) and the increased participation of private sector banks. History of Banking System Banking in the modern sense of the word can be traced to medieval and early Renaissance Italy‚ to the rich cities in the north like Florence‚ Venice and Genoa. Origin of the word The word bank was borrowed in Middle English from Middle French banque‚ from Old Italian banca‚ from Old High German banc‚ bank "bench‚ counter". Benches were used as desks or
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Organisational Leader in Malaysia PUBLIC BANK BERHAD Introduction (Public Bank Berhad) Established in 1966 by its Founder and Chairman‚ Tan Sri Dato’ Sri Dr. Teh Hong Piow‚ Public Bank is a leading provider of financial services in Malaysia with banking operations in Hong Kong and China‚ Cambodia‚ Vietnam‚ Laos and Sri Lanka. In Malaysia‚ Public Bank is one of the most efficient banks as reflected by its low cost to income ratio. Public Bank is a top-tier bank in Malaysia‚ well-reputed for its prudent
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1. INTRODUCTION Today banks have a key role in all countries. And their policies and strategies affect economic development‚ employment‚ prices‚ national income‚ etc. The operations of banks are known as one of the most important economic activity in the world. Any activity which requires investments and financial resources undoubtedly requires the involvement of banks and financial institutions. Thus banks have the central role in economy. On the other hand‚ managing of a country’s financial
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HISTORY OF THE NIB BANK: NIB Bank Limited started as NDLC-IFIC Bank Ltd. which was incorporated in March 2003 as a public limited company. It started operations in October 2003 when all assets‚ liabilities‚ rights and obligations of the former National Development Leasing Corporation (NDLC) and Pakistan operations of IFIC were amalgamated with and into the bank with a paid up capital of Rs.1.2bn. In April 2004 the Pakistan operations of Credit Agricole Indosuez were also amalgamated with and into
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stock exchange 14. 11th Pravasi Bharatiya Divas 2013 will be held in Cochin (Kerala). Last meeting was held in Jaipur. 15. Iran has tested Fateh 110 missiles (Range - 300 km). 16. Home Ministry declined permission to three Iranian banks (Eghtesad-e-Novin‚ Parsian Bank and Bank Kasargad) to open branches in India. 17. 9th World Hindi Conference will be held in South African city Johannesburg from 22 to 24 of September this year. The main theme of the conference is “Bhasha Ki Asmita Aur Hindi Ka Vaishvik
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Case Study National Bank of Borneo Part 1 Overview 1. Time Context The case of National Bank of Borneo happened on November 20‚ 1986‚ the date when the sultanate of Brunei announced the closing of the said bank. 2. Viewpoint The viewpoint to be used in solving the case is that of Mr. Abdul Rahman’s‚ the newly appointed controller of NBB. 3. Major Policy Statement National Bank of Borneo is a bank which is the larger of the two local banks in Borneo. It has advances of $ 1.128 billion
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of Centurion Bank of Punjab. In the present scenario the monopoly of public sector banks is over and the private players are competing tough to make a position in the market. In the present scenario all the major Players of International market are making their presence in India. To name a few Barclays‚ Standard Chartered‚ ABN AMRO‚ HSBC. So the main objective is to study the CRM strategy of Centurion of Punjab which in recent past as made its presence by merging two banks Bank of Punjab and
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December 9‚ 1977 Rural Bank of La Paz‚ Inc. Address: 2314 San Isidro‚ La Paz‚ Tarlac Chairman: Engracio T. Castañeda President: Engracio T. Castañeda Manager: Ida C. Manulid Tel. Nos.: (045) 6060-330 Email: rblapaz@rbap.org Date Established: July 29‚ 1963 Rural Bank of Pura‚ Inc. Address: Poblacion‚ 2312 Pura‚ Tarlac President: Homobono Y. Sawit‚ Jr. Manager: Fidela P. Tolentino Tel. Nos.: (045) 987-4650; 930-0408 (Fax) Email: rbpura@rbap.org Rural Bank of Tarlac‚ Inc. Address:
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|VIGILANCE ADMINISTRATION IN PUBLIC SECTOR BANKS | |Vigilance administration in banks has assumed added importance these days in the wake of recent fraud case in the Citibank‚ Gurgaon (a | |private sector foreign bank). The gigantic proportions to which the amount has gone up beyond Rs.300 crore is mind - boggling. Needless to | |mention here that the Citibank is a bank which has international character‚ has
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this report. And I would like to thanks to the authority of National Credit and Commerce Bank Limited for their cooperation during doing this report. Executive Summary With a commitment of providing cordial service to customers‚ NCC Bank Limited has diversified its service coverage during last few years by opening new branches at different strategically important locations across the country. NCC bank offering various service products in both investment & deposit. Customer satisfaction
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