ORIGIN AND EVOLUTION OF INDIAN BANKING Opinions differ as to the origin of the work "Banking". The word "Bank" is said to be of Germanic origin‚ cognate with the French word "Banque" and the Italian word "Banca"‚ both meaning "bench". It is surmised that the word would have drawn its meaning from the practice of the Jewish money-changers of Lombardy‚ a district in North Italy‚ who in the middle ages used to do their business sitting on a bench in the market place. Again‚ the etymological origin
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nepal Nepal (Listeni/nɛˈpɔːl/ ne-PAWL[5] Nepali: नेपाल [neˈpal] ( listen))‚ officially the Federal Democratic Republic of Nepal‚[6] is a landlocked sovereign state located in South Asia. With an area of 147‚181 square kilometres (56‚827 sq mi) and a population of approximately 27 million (and nearly 2 million absentee workers living abroad)‚[2] Nepal is the world’s 93rd largest country by land mass[7] and the 41st most populous country. It is located in the Himalayas and bordered to the north by
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Structure of the organised banking sector in India. Number of banks are in brackets. Banking in India From Wikipedia‚ the free encyclopedia Banking in India originated in the last decades of the 18th century. The oldest bank in existence in India is the State Bank of India‚ a government-owned bank that traces its origins back to June 1806 and that is the largest commercial bank in the country. Central banking is the responsibility of the Reserve Bank of India‚ which in 1935 formally took
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Nepal is a landlocked country in South Asia‚ between China and India. Although strategically placed between two large well-known countries‚ Nepal happens to be one of the poorest countries in the world. There are over 29 million people inhabiting the country today‚ and one third of which live under the poverty line. Nepal has a GDP per capita of 1‚200 dollars. The mainstay of the economy is agriculture‚ and their main import and export partners are China and India. The Nepali government is categorized
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QUESTION: HISTORY AND EVOLUTION OF ACCOUNTING Introduction Unlike most other modern professions‚ accounting has a history that is usually discussed in terms of one seminal event – the invention and dissemination of the double entry bookkeeping processes. But a view of accounting history that begins with Luca Pacioli’s contributions overlooks a long evolution of accounting systems in ancient and medieval times. More fundamental is the question‚ why should we care about the history of accounting
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Least developed countries: Nepal Reforms in 1990 established a multiparty democracy within the framework of a constitutional monarchy. An insurgency led by Maoist extremists broke out in 1996. The ensuing 10-year civil war between insurgents and government forces witnessed the dissolution of the cabinet and parliament and assumption of absolute power by the king. Several weeks of mass protests in April 2006 were followed by several months of peace negotiations between the Maoists and government
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HISTORY OF BANKING IN INDIA Banking is an old as civilization. The practice of money lending‚ the predecessor of banking has been practiced in india from time immemorial. During the mughal period‚ the indigenous bankers were faintly prominent in financing the trade and use of instrument for trade. The first bank in india‚ through conservative was established in1786. From 1786 until today the journey of Indian banking system can be segregated into 3 distinct phase. They are mentioned below‚ •
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Title: Nepal faces risk of Landslides and Mudslides After Upload: A New Addition To Nepal’s Worries: Landslides Researchers Anticipate Increased Landslides In Nepal Following The Earthquake A New Disaster Waiting To Happen-Landslides In Nepal Researchers Worried Monsoon Might Bring Landslides To An Earthquake Struck Nepal POD Title: Nepal Vulnerable To Landslides During Monsoon‚ Researchers. Spotlight Title: Nepal Earthquake after-effects: Monsoon Landslides Tags: Nepal‚ Earthquake‚ Monsoon‚ Phrases:
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Industrial Profile HISTORY OF BANKING IN INDIA Without a sound and effective banking system in India it cannot have a healthy economy. The banking system of India should not only be hassle free but it should be able to meet new challenges posed by the technology and any other external and internal factors. For the past three decades India’s banking system has several outstanding achievements to its credit. The most striking is its extensive reach. It is no longer confined to only metropolitans
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History of BANKing in pakistan Banking in fact is primitive as human society‚ for ever since man came to realize the importance of money as a medium of exchange; the necessity of a controlling or regulating agency or institution was naturally felt. Perhaps it was the Babylonians who developed banking system as early as 2000 BC. IT is evident that the temples of Babylon were used as ‘Banks’ because of the prevalent respect and confidence in the clergy. The partition plan was announced on June 3
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