Advantages of Universal Banking • Economies of Scale. The main advantage of Universal Banking is that it results in greater economic efficiency in the form of lower cost‚ higher output and better products. Many Committees and reports by Reserve Bank of India are in favour of Universal banking as it enables banks to exploit economies of scale and scope. • Profitable Diversions. By diversifying the activities‚ the bank can use its existing expertise in one type of financial service in providing
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INTRODUCTION: Online banking is a technological advancement that has brought about such a change. The banking industry has adopted virtual banking to improve business process‚ infrastructure‚ and customer relationships. These changes have had a major impact on the banking business‚ but more transparently on the customers of online banking. The matrix measures for the improvements added by online banking can be evaluated on comparable levels of service‚ efficiency and cost satisfaction‚ for both
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Banking Sector Reforms in India *Manoj Kumar Assistant Professor‚ Deptt. of Commerce‚ N.M.Govt. (PG) College‚ Hansi ABSTRACT Banking sector reforms were introduced to remove the deficiencies in banking sector. The lack of autonomy is reflected in the fact that there is a common wage package for all bank employees irrespective of the health of the bank concerned. Kannan‚ the Chief Executive Officer of Bank of Baroda‚ says: "Give us the freedom to fix our own wages and offer market remuneration to
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Banking Terms and Concepts • Accrued interest: Interest due from issue date or from the last coupon payment date to the settlement date. Accrued interest on bonds must be added to their purchase price. • Arbitrage: Buying a financial instrument in one market in order to sell the same instrument at a higher price in another market. • Ask Price: The lowest price at which a dealer is willing to sell a given security. • Asset-Backed Securities (ABS): A type of security that is backed by a pool
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Banking Sector in Bangladesh Introduction The Jews in Jerusalem introduced a kind of banking in the form of money lending before the birth of Christ. The word ’bank’ was probably derived from the word ’bench’ as during ancient time Jews used to do money -lending business sitting on long benches. First modern banking was introduced in 1668 in Stockholm as ’Svingss Pis Bank’ which opened up a new era of banking activities throughout the European Mainland. In the South Asian region‚ early banking
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Predicting young consumers’ take up of mobile banking services Nicole Koenig-Lewis School of Business and Economics‚ Swansea University‚ Swansea‚ UK 410 Adrian Palmer School of Business and Economics‚ Swansea University‚ Swansea‚ UK and ESC Rennes School of Business‚ Rennes‚ France‚ and Alexander Moll School of Business and Economics‚ Swansea University‚ Swansea‚ UK Abstract Purpose – This paper aims to investigate the barriers for adopting mobile banking services. From a methodological perspective
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ROLE OF ICT IN BANKING Technology is no longer being used simply as a means for automating processes. Instead it is being used as a revolutionary means of delivering services to customers. The adoption of technology has led to the following benefits: greater productivity‚ profitability‚ and efficiency; faster service and customer satisfaction; convenience and flexibility; 24x7 operations; and space and cost savings (Sivakumaran‚ 2005). Harrison Jr.‚ chairman and chief executive officer of Chase
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Banking system in south korea http://www.asiatradehub.com/s.korea/banks.asp Korea’s financial sector includes a diversal commercial banking system‚ a wide range of secondary financial institutions‚ and a securities market. Financial institutions can be divided into two main categories: monetary institutions and other financial intuitions. The former includes the Bank of Korea - the nation’s central bank - and deposit-taking banks. There was a substantial change in the environment of the financial
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HSBC-internet banking Introduction Purpose The purposes of this report were to gather practical knowledge about corporate online banking as well as personal online banking system. It also gave us an opportunity to know about the experts who are leading and making strategic decisions to enhance the expansion of online banking in our country. With the set guidelines and proposal by our faculty and with the friendly cooperation of the staffs of HSBC‚ this report comprise of an organization
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Nicole Boehm Professor Harstad English 110 13 September‚ 2012 And The Winner Is…? The “banking concept‚” as termed by Paulo Freire‚ is essentially a method of teaching that hinders the intellectual growth of students by turning them into‚ figuratively speaking‚ comatose “receptors” and “collectors” of information that have no real connection to their lives. Picture a classroom containing 20 students. They are sitting in rows of desks facing a whiteboard on which a teacher frequently writes
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