Core Banking System Meaning:- Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices. Core Banking system or CBS is one of the recent developments in the field of banking‚ and has proved to be very useful. It is a facility provided by banks in which a person‚ having an account in one branch‚ can operate his account‚ in another
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Project On INNOVATIVE BANKING SERVICES PROVIDED TO NRI BACHELOR OF COMMERCE BANKING & INSURANCE SEMESTER V 2010-2011 Submitted By JINAL.M.MEHTA ROLL NO- 34 S.K. SOMAIYA COLLEGE OF ARTS‚ SCIENCE & COMMERCE VIDYAVIHAR |CHAPTER NO |TOPIC NAME |PAGE NO | | |ACKNOWLEDGEMENT |05
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residence for all banking and financial services can be called offshore banking. Offshore banks normally are situated in tax havens and provide secrecy and safety for the depositors. It was the English who coined the word offshore to specify tax havens located in the British Channel Islands‚ which were actually off the shores of Great Britain. The banks located in these islands offering tax savings were the pioneers and eventually the term has become generic to describe the industry itself. These islands
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Course - International Diploma in Compliance Assignment due date - 29th August‚ 2011 Industry - Banking Board Memorandum To : Board of Directors Executive Management Subject : Recommendations to promote the independence of the Compliance Function Date : 29th August‚ 2011 In reviewing last year regulator’ report on our bank‚ the bank have been imposed more than fifteen major violations from the regulators and some of the violations have got the bank into
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ONLINE BANKING By:Mithun 1. INTRODUCTION This ’Online Banking’ Project is a model Internet Banking Site.This site enables the customers to perform the basic banking transactions by sitting at their office or at homes through PC or laptop. The customers can access the banks website for viewing their Account details and perform the transactions on account as per their requirements. With Internet Banking‚ the brick and mortar structure of the traditional banking gets converted into a click and portal
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financial crisis has compounded Australia’s tourism industry. Relevant departments recently predicted that Australia will be reduced by inbound tourists this year‚ more than 4% the past 20 years Australian tourism industry is facing the most severe blow. Australian Bureau of Statistics data released ‚2007-2008 Australian tourism contribution to gross domestic product was 3.6%‚ while this proportion was 4.7% previously. Therefore‚ the tourism industry downturn will inevitably affect Australia’s economy
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RURAL BANKING IN INDIA Introduction Rural banking in India has been the subject of study Survey Committee Report in 1954‚ literally thousand of reports have examined and investigated the problems relating to the credit delivery for agriculture and rural area. Latest magnum opus on the subject is the National Agricultural Credit Review report 2000. The Expert Committee on Rural Credit (Chairman: Professor V.S.Vyas) submitted its report in 2002.One
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are the different types of banks? Banks’ activities can be divided into: * Retail banking - Dealing directly with individuals and small businesses; * Business banking - Providing services to mid-market business; * Corporate banking - Directed at large business entities; * Private banking - Providing wealth management services to high net worth individuals and families; * Investment banking - relating to activities on the financial markets. Most banks are profit-making‚ private
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INTRODUCTION A merchant banking is a financial institution primarily engaged in offering financial services and advice to company and wealthy individuals on how to use their money. A merchant bank deal with commercial banking needs of finance‚ company & long term loans and stock writing. Merchant banking does not have retail offices where customer can go and access their account. A merchant bank is also called as wholesale banking.
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DISTRIBUTION IN BANKING BUSINESS Distribution in financial services marketing is concerned with how the service is delivered to the customer‚ making sure that it is available in a place‚ at a time and in a format that is appropriate and convenient for the customer. In a growing number of countries‚ the expansion of the financial services sector has been accompanied by a significant blurring of lines between different institutional types with‚ for instance‚ retail banks offering insurance products
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