SUBMITTED ON: 25/05/2013 PROJECT SUBMITTED BY: AKSHAYA.U.BHADALKAR ROLL NO: 1 COMPANY NAME: BANK OF INDIA PROJECT REPORT ON: CREDIT APPRAISALS 1 GENERAL INFORMATION ABOUT THE BANK Bank of India was founded on 7th September‚ 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks. Beginning with one office in Mumbai‚ with a paid-up capital of Rs.50 lakh and 50 employees
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Case Study : How much do credit card companies know about you? 1. What competitive strategy are the credit card companies pursuing? How do information systems support that strategy? The competitive strategy that the credit card companies are pursuing is product differentiation and customer and supplier intimacy. Product differentiation – we make use of IS in order to create new product and services at the lower cost. According to the case‚ the credit card companies are making use of the data to
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Franking Credit: A type of tax credit found in countries such as Australia that allows domestic companies to pass through taxes that have already been paid on corporate profits. The investor receiving stock dividends will also receive a quantity of franking credits in proportion to the overall tax rate of the company per dollar in profits. When filing personal income taxes‚ the investor will record as income both the amount of the dividend and the amount of the franking credit; however‚ the
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The first line in the poem‚ “Lying in dug-outs‚ joking idly‚ wearily;” I immediately questioned if this poem was even about the war. When I think about war I don’t think of laughter and joking‚ I think about sadness and heartache. As I continued to read I realized that the poem was about how photographs gave the men an escape from war. “Watching the candle guttering in the draught”‚ meaning they watched the candle flame flutter in the cool air. They watched the flame every night as they looked at
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Jones Ironworks Inc. Background Frederick Jones was a master blacksmith who emigrated from England to Erindale‚ Ontario where he set up his shop. From this small shop‚ Fred Jones plied his trade‚ shoeing horses and making wonderful wrought iron works‚ using simple forges and hand tools. His works can still be found in the village of historic structures like St. Peter’s Church‚ a masterpiece that sits high above the Credit River. In the true spirit of Frederic Jones‚ all the products are
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SUBJECT: CENTRAL BANKING CREDIT CREATION AND MONEY SUPPLY PROJECT SUBMITTED TO PROF.RASHMI CREDIT CREATION Credit creation is one of the important functions of a commercial bank. It constitutes the major component of money supply in the economy commercial banks differs from other financial institutions in this aspect. Other financial institutions transfer money from the lenders to the borrowers. Commercial banks while performing the same function‚ they create credit or bank money also. Professor
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Credit Approval Process: Credit approval process starts with receiving prescribed completed credit application from the customer and ends with issuance of a written “Sanction Advice” by the Bank. Credit approval process in the bank shall be guided by some basic principles. These are as follows: Credit Proposal: Purpose: A Credit Proposal is prepared by the Relationship Management Team either at Branch or Corporate Division based at Head Office to present a concise and objective assessment
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Credit card‚ one of the greatest inventions in last century‚ is widely used in nowadays. The first credit card that can pay for different businesses was invented by Frank McNamara and Ralph Schneider‚ the founders of Diners Club‚ in 1950. After a long time development‚ it is believed that credit card is one of the popular tools for payment transaction. According to a research in 2008‚ there were around 80% of United State adult own at less one credit card (Foster‚ Meijer‚ Schuh‚ & Zabek‚ 2010). It
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The Character of Tom Jones in the Novel Tom Jones A character study always shows the good and evil side of a man. Here in this assignment I have to unfold the characteristics of Tom Jones- the protagonist of the novel Tom Jones. No man is without mistakes. But it is also true that totally corrupted person is rare. Here in this novel from a general esteem one can say that Tom is a playboy and has no moral ethic. But if one knows Fielding’s view of virtue then he is sure to uphold Tom’s character
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speech on credit. Credit is so important because it affects much more than your finances but also your career and your personal life. Even Landlords often check up to see if they want you as a tenant. Today I will tell you what lenders look for when considering you for credit and how you as a consumer are evaluated. Then I will explain to you how your score is calculated. And finally I will give you some tips on how to use your credit wisely. What lenders look for when they review your credit report
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