ONE INTRODUCTION 1.1 BACKGROUND OF STUDY The Nigeria banking industry has witnessed a lot of changes since the mid 1980’s and this is reflected in the increased volume and complexity of bank operations‚ increased innovations and varieties in product and service delivery. These development have not only been technology driven but have influenced move technological advances. Information technology which is the foundation of modern electronic banking through desktop computers and terminals provide
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distinguished itself as a leading institution and a major contributor to the economic advancement in Nigeria. Guaranty Trust Bank Plc with its headquarter at Victoria Island‚ Lagos as at December 2011 had an operating income of N141.729 billion‚ net income of N52.654 billion‚ total asset of N1‚525.010 billion and a total equity of N235.911 billion and it had more than two thousand‚five hundred employees in Nigeria. Its subsidiaries include Guaranty Trust Assurance Plc‚ GTB Registrars Ltd‚ GT Homes Ltd‚ GTB
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CHALLENGES OF MICROFINANCE BANKING IN NIGERIA-1 Nigerians‚ like many other Africans are generally known as their brother’s keepers in view of the extended family system. But when truly analyzed‚ there is a possibility that this may not be so? Perhaps a hypothetical deep may reveal that not up to 10% of Nigerians would invest in ventures or people that would yield them nothing in return and here I mean‚ “Returns in the short run or in the immediate”. The returns may be financial‚ emotional‚ spiritual
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CHAPTER THREE IMPERATIVES FOR ELECTORAL REFORM 3.1 INTRODUCTION In the context of a weak electoral body‚ a perverted electoral process and undemocratic political parties‚ the stage is set for flawed elections. Thus‚ the 1999 and 2003 elections‚ like virtually all the preceding elections in Nigeria’s post-colonial history‚ were classic cases of electoral fraud. In broad terms‚ there have been two kinds of elections in Nigeria’s post-colonial history. These are the ‘transition’ and
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Managing Challenges in Banking Industry By: Dr. Sudhindra Bhat MBA‚ MFM‚ ACS‚ M.Phil‚ PGDS&MM‚ PGDIR&PM‚ PhD** Management Faculty‚ Consultant and Corporate Trainer Acharya Institute of Management and Sciences 1st Cross‚ 1st stage‚ Peenya industrial Area‚ Bangalore-560 058 E-mail: bhatt1978@yahoo.com Financial System is the most important institutional and functional vehicle for economic transformation of any country. Banking sector is reckoned as a hub and barometer of the financial
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systems of Nigeria‚ with particular focus on the lack of responsive and appropriate supervision in the educational sub-sector. The reform efforts in education have not been yielding appropriate result because many of them are mere political rhetoric without necessary supervision and follow up actions. Nigeria therefore need to re-arrange her priorities and values by providing adequate funding and supervision for a healthy teaching/learning process in educational institutions in Nigeria so as to be
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that the reforms of 1991‚ both in the industrial sector and the financial sector‚ released a variety of forces that propelled India into a new growth trajectory.2 In this paper‚ we are going to assess the role that the banks played in making this growth happen and the impact that these reforms had on banks. We start with a brief history of banking regulation in India. We then move on to outline some of the principal reforms that were implemented in the 1990s and their impact on the banking sector.
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CHAPTER-4 DEVELOPMENT AND REFORMS IN INDIAN BANKING 4.1 GROWTH OF BANKING SYSTEM IN INDIA : In order to understand present make up of banking sector in India and its past progress‚ it will be fitness of things to look at its development in a somewhat longer historical perspective. The past four decades and particularly the last two decades witnessed cataclysmic change in the face of commercial banking all over the world. Indian banking system has also followed the same trend. In over five decades
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Banking Sector Reform in Ethiopia: An Abstract Admassu Bezabeh‚ Ph.D‚ School of Business and Leadership‚ Dominican University of California San Rafael‚ California Desta‚ Asayehgn‚ Ph.D. School of Business and Leadership ‚ Dominican University of California‚ San Rafael‚ California. The fragile and inefficient state-dominated banking sector that existed in Ethiopia during the military government (1974-1991) was a major hindrance to economic growth. Since it took power in 1991‚ the current government
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EXECUTIVE SUMMARY A retrospect of the events clearly indicates that the Indian banking sector has come far away from the days of nationalization. The Narasimham Committee laid the foundation for the reformation of the Indian banking sector. Constituted in 1991‚ the Committee submitted two reports‚ in 1992 and 1998‚ which laid significant thrust on enhancing the efficiency and viability of the banking sector. As the international standards became prevalent‚ banks had to unlearn their traditional
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