Nationalisation of Banks Despite the provisions‚ control and regulations of Reserve Bank of India‚ banks in India except the State Bank of India or SBI‚ continued to be owned and operated by private persons. By the 1960s‚ the Indian banking industry had become an important tool to facilitate the development of the Indian economy. At the same time‚ it had emerged as a large employer‚ and a debate had ensued about the nationalization of the banking industry. Indira Gandhi‚ then Prime Minister of India
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- 19‚ 2002 Japan Net Bank: Japan’s First Internet-Only Bank – A Teaching Case Ali F. Farhoomand Centre for Asian Business Cases‚ University of Hong Kong‚ Hong Kong Ali@business.hku.hk Vincent Mak University of Hong Kong‚ Hong Kong VincentMak@business.hku.hk Abstract Japan Net Bank (JNB)‚ Japan’s first Internet bank without physical branches‚ began operation in October 2000. It attracted mainly young customers looking for convenient‚ round-the-clock bank services with much more
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The banking regulatory environment in which Deutsche Bank operates EU banking regulations The EU banking regulations governing banks operating in EU countries states that Affecting banks Libor fixing scandal One of the major banking scandals to rock the financial world in current times is the Libor fixing scandal‚ this is currently affecting Deutsche Banks and other banks across the world‚ where it was establish that banks had been rigging the Libor rate which is used to set financial transactions
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Bibliography: 5. Koeve‚ Petya. (2003): “The Performance of Indian Banks during Financial Liberalization.” IMF working Paper No. 03/150. 6. Mohan R. (2002): “Deregulation performance of Public sector Banks”‚ Economic and political weekly‚ issue on Money‚ Banking& finance‚ Feb.‚ p.393. 7. Sarkar‚ Subrata‚ Jayati Sarkar and Sumon K. Bhaumik. (1998): “Does Ownership always Matter? Evidence
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Lecture 11: Handout The Regulation of Banks Date: 28 April 2004 Module: International Banking Why Regulate Banks? Banks are intermediaries between money suppliers and those who need money. Commercial banks are most heavily regulated financial institutions. Five main reasons for regulation: I. The first is to ensure the safety and soundness of banks. The purpose is to maintain I) domestic and II) international confidence‚ III) protect depositors and ultimately taxpayers
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Functional areas in Tesco and Oxfam 1. Introduction In this report I am going to compare functional areas of two contrasting organisations Tesco and Oxfam. Tesco is aiming at achieving profit‚ investing and offerring services and products to customers.Oxfam is a non-profit organisation‚ helping people in crisis. Tesco is a British multinational grocery and general merchandise retailer‚ it has stores in 14 countries across Asia‚ Europe and North America and is the grocery market leader in UK‚ where
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CENTRAL BANKS‚ STOCK EXCHANGE AND COMMERCIAL BANKS CENTRAL BANKS A central bank is the main national bank that provides a government and its commercial banking system with financial and banking services controlling the government’s monetary policy and issuing currency. Functions of a central bank include: • It has the sole right to issue currency – it maintains uniformity in the currency and manages it accordingly using knowledge about the economy • It is a banker‚ advisor and agent to the government
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Bank of England The Bank of England‚ is the central bank of the United Kingdom . Established in 1694‚ it is the second oldest central bank in the world‚ and the world’s 8th oldest bank if you include commercial banks. It was established to act as the English Government’s banker‚ and to this day it still acts as the banker for the U.K Government‚ the Bank was privately owned and operated from its foundation in 1694 but it was nationalised in 1946. The bank of England has about £156 billion pounds
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integrate some of the operational functions‚ but had yet to connect them further. Due to changes in banking regulation‚ the US government had begun cracking down on new rules on financial reporting‚ asset quality‚ and capital requirements for the banks. The government wanted better controls from upper management and the only way First Fidelity could accomplish this was to integrate systems‚ management‚ and combine all eight financial institutions into a more consolidated with less autonomous feel
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Global Journal of Business Research‚ Vol.2‚ No.2‚ 2008 ICT AND NIGERIAN BANKS REFORMS: ANALYSIS OF ANTICIPATED IMPACTS IN SELECTED BANKS Osabuohien‚ Evans S.C.‚ Economics & Development Studies Department‚ Covenant University‚ Ota‚ Ogun State‚ Nigeria ABSTRACT Banking has become highly ICT based and due to its inter-sectoral link‚ it is reaping the benefits of technological revolution as evidenced by its application in most of its operations. The study carried out empirical analysis of the anticipated
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