Bank Loan Bank-An establishment authorized by a government to accept deposits‚ pay interest‚ clear checks‚ make loans‚ act as an intermediary in financial transactions‚ and provide other financial services to its customer: http://www.businessdictionary.com/definition/bank.html#ixzz2qTHMUNiX Loan- An arrangement in which a lender gives money or property to a borrower‚ and the borrower agrees to return the property or repay the money‚ usually along with interest‚ at some future point(s) in time.
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United Bank of India : United Bank of India (UBI) is one of the 14 major banks which were nationalized on July 19‚ 1969. Its predecessor the United Bank of India Ltd.‚ was formed in 1950 with the amalgamation of four banks viz. Comilla Banking Corporation Ltd. (1914)‚ Bengal Central Bank Ltd. (1918)‚ Comilla Union Bank Ltd. (1922) and Hooghly Bank Ltd. (1932) (which were established in the years indicated in brackets after the names). The origin of the Bank thus
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sustainable growth of an organization‚ there is no alternative to effective Corporate Governance. The positive effect of corporate governance on different stakeholders ultimately is a strengthened economy‚ and hence good corporate governance is a tool for socio-economic development The modern era of Corporate Social Responsibility (CSR) concept was evolved in 1950s when it was more commonly known as social responsibility. CSR has been defined as “the integration of business operations and values
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amount of funds that the banks have to keep with the RBI. * It is a central bank regulation that sets the minimum fraction of customer deposits and notes that each commercial bank must hold as reserves with the RBI. * Cash Reserve Ratio is also used as a tool in monetary policy by changing the amount of funds available for banks to make loans with. * Effects on money supply: If the reserve requirement set by the RBI is high‚ the amount of funds with the commercial banks to loan out would be
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Introduction 1. Preclude Credit is an arrangement whereby bank acting at the request and on the instructions of a customer or on its own behalf to make a payment to or to the order of a third party or is to accept and pay bills of exchange drawn by the beneficiary. In an economy banks play the role of an intermediary that channels resources from the surplus group to the deficit group. So obviously one of the core functions of Commercial banks is to sanction Credit facility to it’s customers as
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A term paper on LETTER OF CREDIT AND ITS OPERATION PROCEDURES IN BANKS Course code: FB-509 Course Title: Principles and Practices of Banking SUBMITTED TO Abdullah Al Mahmud Lecturer Department of Banking Faculty of Business Studies University of Dhaka [Submitted for the partial fulfillment of the requirements of the degree in Master of Business Administration (Banking)] PREPARED AND SUBMITTED BY Md. Ataur Rahman ID: 50917063 Submission
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entrepreneurship. These individuals lack collateral‚ steady employment and a verifiable credit history and therefore cannot meet even the most minimal qualifications to gain access to traditional credit. Microcredit is a part of microfinance‚ which is the provision of a wider range of financial services to the very poor. Microcredit is a financial innovation that is generally considered to have originated with the Grameen Bank in Bangladesh.[1] In that country‚ it has successfully enabled extremely impoverished
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CARBON CREDITS The concept of carbon credits came into existence as a result of increasing awareness of the need for controlling emissions. The mechanism was formalized in the Kyoto Protocol‚ an international agreement between more than 170 countries. The Protocol agreed has fixed quotas on the maximum amount of Greenhouse gases which can be emitted by the developed and developing countries. In turn these countries set quotas on the emissions of installations run by local business and other organizations
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A budget is one of your best tools for reaching your goals – whatever your age or stage in life. It’s a plan of what money you expect to receive and how you expect to spend it. * Who should have a budget? * How to make a budget * Use the money planner * Things you need * Getting help * Tracking your spending * Making the most of your income Who should have a budget? Tip: A tight budget is harder to stick to. Be realistic. Everyone can benefit from a budget. It’s not
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successful completion of BBA program under Stamford University‚ Bangladesh and which aims to reflect the professional view of real world working experience and environment. As a student of BBA‚ Major in Accounting‚ internship is an academic requirement. For doing internship every student is required to work in a selected institution to enhance ones practical knowledge & experiences. For my internship I was sent to the Janata Bank Limited (JBL)‚ under the supervision of Ms. Rehana Fowzia‚ Assistant
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