unopposed. The present Chairman Shri Ajaybhai Patel is being unanimously elected unopposed for the third time in succession since 2003. Under his dynamic leadership the management of the bank has been more transparent. In economic liberalization‚ the banking scenario has changed a lot and competitors has become more severe‚ in addition the co-operative banks have been included in Income Tax net along with the other more professionally managed banks. All these
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Banking Regulation Financial regulation relates to laws and rules that govern what financial institutions such as banks‚ brokers and investment companies can do. These may be set though legislation or be stipulated by the relevant regulatory agency‚ for instance the FSA in the UK . Regulation is needed to ensure consumer’s confidence in the financial sector . It does this by providing smaller retail clients with protection against potential losses and by protecting consumers against monopolistic
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brief‚ we shall examine how a change in money supply by the CBN affects people and the economy. When the CBN changes the level of money supply‚ it does so through the control of the base money. Base money is made up of currency and coins outside the banking system plus the deposits of banks with the central bank. If the central bank perceives that there is too much money in circulation and prices are rising (or there is potential pressure for prices to rise)‚ it may reduce money supply by reducing the
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means by which financial transactions are settled. A fundamental method by which banks help in settling the financial transaction process is by issuing and paying cheques issued on behalf of customers. Further‚ in modern banking‚ the payments system also involves electronic banking‚ wire transfers‚ settlement of credit card transactions‚ etc. In all such transactions‚ banks play a critical role. (ii) Financial Intermediation The second principal function of a bank is to take different types of deposits
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’Arrow and the apparel industry: Solved Case Study Arrow and the apparel industry Q1. Why did Arvind Mills choose globalization as the major route to achieve growth when the domestic market was huge? Ans.: The reasons of choosing global market by Arvind Mills are: 1. Market seeking motives‚ such as exclusiveness of product and service with high productivity‚ stringent in-line quality control and an encouraging manufacturing atmosphere. 2. Economic motives‚ such as profit making by implementing
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there will always be a need for careful scrutiny of innovative financial products and their risks. financial innovation Definition The creation of new technological advances in the financial products market. The implementation of an online banking system that allows a user to instantly transfer money from multiple accounts is considered an instance of financial innovation. GDP deflator Definition Gross Domestic Product deflator. A measure of the change in prices of goods newly produced
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the banks would experience if they were to go under. Due to this Congress has enacted many different pieces of legislation to prevent banks from failing. Some of the major pieces of legislation are The National Banking Act 1863‚ The Federal Reserve Act 1913‚ McFadden Pepper 1928‚ The Banking Act of 1933 (Glass Steagall Act)‚ Federal Deposit Insurance Corporation 1935‚ Riegle- Neal 1994 (repealed McFadden Pepper)‚ Gramm–Leach–Bliley Act 1999 (repealed Glass Steagall)‚ Dod Frank Act 2010. 2. What
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Publishers‚ Lagos. Atufe‚ F Baridan‚ D.M. (1994): Research method in administrative science‚ Belk House P. 135‚ Port-Harcourt. CBN (2004). Guidelines and incentive on consolidation in Nigerian Banking Industry‚ Central Bank of Nigeria‚ August 5th Chisual‚ M.P David‚ C. (1983): Success in the element of banking. John Murray Publishers‚London. Ezewu‚ E.E Financial Standard (2004): “Stake holders perspective on N25 Billion Capital Base” August 16th. Hamed‚ W. (2004): Macro economics impact of new capitalization
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New Banking License Summarize the guidelines released by RBI: Owners/Promoters: Any Indian group or entity shall be eligible to promote a bank through a wholly owned Non-Operative Financial Holding Company (“NOFHC”). The group/entity certainly should be having sound financial condition‚ integrity‚ credentials and must be operational for 10 or more years. The NOFHC will be registered as a non-banking financial company (“NBFC”) with the RBI and will be governed by a separate set of directions
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MONETARY POLICY & CENTRAL BANKING FINMGT2 COURSE SYLLABUS 1st Semester SY 2012 - 2013 UB VISION In pursuit of perfection‚ the University of Baguio is committed to provide balanced quality education by nurturing academic excellence‚ relevant social skills and ethical values in a fun-learning environment. SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY MISSION The University of Baguio educates individuals to be empowered professionals in a global community. The School of Business
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