CORE Banking CORE or CORE Banking is a very important terminology used in Indian banking industry. The term CORE is used in two perspectives in Indian banking industry. 1) First Perspective of Core Banking In the first perspective CORE stands for Centralized Online Real-time Environment (CORE). It is a system of centralized banking under which all banks use a centralized data-centre for all their banking transactions. It can be said that all banks under this system share all information
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features‚ functions and importance of international banking? The origin of international banking dates back to the 2nd century BC when Babylonian temples safeguarded the idle funds and extended loans to merchants to finance the movements of goods. The loans extended by the Florentine banking houses were the first instance of international lending. During the nineteenth century many innovations were witnessed in the international lending‚ leading to trade financing and investment banking. Trade financing
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BRANCHLESS BANKING IN PAKISTAN Submitted To Sir Fida Hussain Bukhari Submitted By Syed Qasim Raza Roll No Mi08Bbba011 Hailey College of Banking & Finance Punjab University ACKNOWLEDGEMENT Words will never be able to express enough my fervent gratitude to almighty Allah‚ the most compassionate and merciful‚ for giving me the courage and fortitude to accomplish this gargantuan task. We are the Holy Prophet’s (PBUH) Ummah and we acknowledge that the Holy Prophet’s (PBUH) moral and
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Islamic Banking vs. Conventional Banking In most Islamic countries‚ they tend to practice two types of financing in banking industry which are conventional and Islamic banking. The country like in Malaysia has successfully developed an Islamic banking system that operates in parallel with the conventional banking system. There is similarity between conventional banking and Islamic banking which helps to promote economic growth provided financing services such as credit facilities for business activity
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ON THE SOCIO-ECONOMIC DEVELOPMENT OF NIGERIA CHAPTER 1 1.0 INTRODUCTION Nigeria is by far the most populated of Africa’s countries‚ with more than one-seventh of the continent’s people. The people belong to many different ethnic groups. These groups give the country a rich culture‚ but they also pose major challenges to nation building. Ethnic strife has plagued Nigeria since it gained independence in 1960. Officially known as the ‘Federal Republic of Nigeria’‚ she has a federal form of government
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CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Population is the major determinant of national affairs. It leverages power and determines public policy and revenue allocation as areas with higher population are entitled to a greater share of the national resources in terms of state creation‚ representation and other national consideration. Moreover‚ politics especially democracy thrives on numbers. So‚ population figures also shapes election result‚ since a more population place will justifiably
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Reading Material Concepts and definitions of various banking terminology. All the information is collected using various free web-sites on internet for the purpose of enhancing knowledge of the participants in the field of banking. 1 Banks in the economy Role in the money supply A bank raises funds by attracting deposits‚ borrowing money in the inter-bank market‚ or issuing financial instruments in the money market or a capital market. The bank then lends out most of these funds to
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transactions; * The avoidance of economic activities involving oppression (zulm) * The avoidance of economic activities involving speculation (gharar); * The introduction of an Islamic tax‚ zakat; * The discouragement of the production of goods and services which contradict the Islamic value (haram) On the other hand‚ conventional banking is essentially based on the debtor-creditor relationship between the depositors and the bank on one hand‚ and between the borrowers and the bank on the other
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on E-Banking Ratings: (6)|Views: 31‚724|Likes: 304 Published by Nirmal See More DOWNLOAD this Report AT -http://bit.ly/16xm6zS Exchange of statisticals information amongs banks. Enables foreign exchange operations. Inter-bank applications like settlement of funds between banks. Provides facilities like demat operation‚ATMoperation‚online banking. DOWNLOAD this Report AT -http://bit.ly/16xm6zS DOWNLOAD this Report AT -http://bit.ly/16xm6zS Internet Banking Internet
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Introduction Many banks have established presence on the Internet and many others are in the process of doing so. Using telecommunication systems and networks‚ a bank can reach out to customers and provide them with not only general information about its services but also the opportunity of performing interactive banking transactions. In electronic banking‚ bank customers can request information and carry out most banking services (e.g. balance reporting‚ inter-account transfers‚ and bill payment)
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