Role of Information Technology (IT) in the Banking Sector Banking environment has become highly competitive today. To be able to survive and grow in the changing market environment banks are going for the latest technologies‚ which is being perceived as an ‘enabling resource’ that can help in developing learner and more flexible structure that can respond quickly to the dynamics of a fast changing market scenario. It is also viewed as an instrument of cost reduction and effective communication with
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BANK The word “bank” is derived from the word “Bancus or Banque” that is bench. Jews‚ who were considered to be the early bankers‚ transacted their business on benches in the market. As early as 2000 BC Babylonians had developed a system of banks. In ancient Greece and Rome the practice of granting credit was widely prevalent/traces of credit by compensation and by transfer orders are found is Assyria‚ Phoenicia and Egypt before the system attained full development in Greece and Rome. The books
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AGRICULTURE DEVELOPMENT POLICIES & PROGRAMMES Bhutan was traditionally self-sufficient in food production. Most of Bhutan ’s citizens and a significant amount of its GDP were devoted to the agricultural sector in the late1980s. Bhutan is a small landlocked eastern Himalayan country which is bordered by India in the east‚ west and south and china in the north. Its geographical land area is 38‚394km which is almost entirely mountainous. According to the Population and Housing Census‚ 2005; the Bhutanese
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DYNAMICS OF CONSTITUTIONAL DEVELOPMENT IN NIGERIA‚ 1914-1999 Abstract: This article examines the intractable problem of constitutional engineering in Nigeria. It is asserted that the drafting of constitutions is a recurring decimal in Nigeria’s chequered political history. Right from the colonial period‚ Nigerians were barely involved in the art of constitution making while the British colonial overlords employed constitution making to consolidate their imperial strategies. Post colonial Nigerian
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Introduction: The Gatwick Gold Corporation business credit proposal brought Wellfleet Bank with an opportunity to obtain a highly profitable deal and conduct a new and long-term relationship with the third-largest gold producer in the world‚ and a number of “broader issues” at same time. Corresponding to the attitude the Chief Risk Officer Cromwell holds for risk‚ ensuring the risk infrastructure is growing with business opportunities at same speed. Identifying and measuring all risks involved in
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ROLE OF BANKS First‚ they take a leading role in developing other financial intermediaries and markets. Second‚ due to the absence of well-developed equity and bond markets‚ the corporate sector depends heavily on banks to meet its financing needs. Finally‚ in emerging markets such as India‚ banks cater to the needs of a vast number of savers from the household sector‚ who prefer assured income and liquidity and safety of funds‚ because of their inadequate capacity to manage financial risks Definition
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that are unique to each country based on historical‚ economic and institutional imperatives. In Nigeria‚ the reforms in the banking sector preceded against the backdrop of banking crisis due to highly undercapitalization deposit taking banks; weakness in the regulatory and supervisory framework; weak management practices; and the tolerance of deficiencies in the corporate governance behaviour of banks (Uchendu‚ 2005). Banking sector reforms and recapitalization have resulted from deliberate policy
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Sustainable Development in Africa (Volume 12‚ No.7‚ 2010) ISSN: 1520-5509 Clarion University of Pennsylvania‚ Clarion‚ Pennsylvania SUSTAINABLE DEVELOPMENT: THE ROLE OF CHEMICAL TECHNOLOGY IN THE INDUSTRIALIZATION OF NIGERIA E. M. Okonkwo‚ O. J. Okunola and C. S. Ezeanyanaso National Research Institute for Chemical Technology‚ Basawa‚ Zaria‚ Nigeria ABSTRACT Like any nation in the world‚ the challenges facing the sustainability of technological advancement of chemical industry in Nigeria today
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TITLE “A Proposed Human Resource Information System Solution for the Agricultural Development Bank”. Executive Summary There are approximately 110 employees at the Bank. At present there are few formal Human Resource policies and procedures in place. Management is looking for a solution that can handle at least the following day to day HR functions: Time Keeping Vacation Holidays Leaves for sickness and other reasons Evaluation and Performance appraisals Recruitment
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ID : 1613946 CLASS: TUTORIAL 13 (12339) Banks play a central role in the economy‚ they create and maintain the flow of money between surplus and deficit unit and by this facilitate the process of production‚ distribution‚ exchange and consumption of wealth. If there were no bank activities‚ a large of amount of capital of the economy would be idle. Hence‚ banking activities are vital for the development of an economy. Another function of the bank is risk spreading. They transform risky asset
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