INTRODUCTION Oriental Bank of Commerce (OBC) was started in Lahore‚ Pakistan in 19th February of the year 1943. It made a modest beginning under its Founding Father‚ Late Rai Bahadur Lala Sohan Lal. OBC is a public sector bank engaging in monetary intermediation of commercial banks‚ saving banks and discount houses. In 1947‚ the Bank had to face the holocaust of partition. The bank was nationalized on 15 April 1980. It has its headquarters in Gurgaon‚ Haryana‚ India. Its revenue stands to be Rs
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with the strange effects of "bank suction." Bank suction is the tendency of a vessel traveling near a steep underwater bank to move sideways toward that bank while an opposing force pushes the bow away. Although it usually affects large ships‚ it can affect smaller yachts and boats as well. The combination of close proximity to a steep bank‚ shallow depth and increased speed are the critical factors that determine the severity of the bank-suction effect. Bank suction starts when a vessel
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The monetary authority in most countries is called the Central Bank. A central bank does not deal directly with the public like commercial banks such as NCB; it is rather a bank for banks. In Jamaica the central banking function is carried out by the Bank of Jamaica (BOJ). This institution is located in the city of Kingston. The Bank of Jamaica plays a fundamental role in the Jamaican economy. According to the Bank of Jamaica website‚ this institution was established in recognition of the need
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further strengthen the country’s industrial process‚ the govt. has identified SME’s as a priority sector & as the driving force for industrialization. With a view to providing entrepreneurs with assistance and finance in the establishment of SME’s‚ bank play an active role. Global Warming & Its Mitigation Measures Global warming → Global warming refers to the increased temperatures of earth’s surface‚ including land‚ water & near surface of air. → It is the rise of the average temperature of earth’s
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examines the foundation and operational systems of the cooperative bank and its attempt to position itself within the context of two generic identities; the cooperative movement and the generic identity of the banking industry. It takes a look at the ethical policy concepts of the bank as its business model and how this has evolved as a differentiation characteristic for the banking industry. It also explores briefly the evolution of the bank since conception‚ its successes and challenges so far‚ and its
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I. Six major investment banks: The principal purpose of an investment bank (and of investment banking in general) is the underwriting of new securities issued by an investment bank’s clients. An investment bank may also provide other services‚ such as professional advice‚ working with mergers & acquisitions‚ and private wealth management. Traditional "investment banking" refers to financial advisory work. For example‚ a big corporation might ask for the bank’s help if it wants to borrow money
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alludes to bank secrecy and minimizing taxes through careful allocation of assets‚ or by hiding assets from the taxing authorities. Swiss and certain offshore bankshave been criticized for such cooperation with individuals practicing tax evasion. Although tax fraud is a criminal offense in Switzerland‚ tax evasion is only a civil offence‚ not requiring banks to notify taxing authorities.[3] Historically‚ private banking has developed in Europe (see the List of private banks). Some banks in Europe
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Housing loan is one of the main products offered by banks‚ with housing loan in place with its customers; banks can then have the break of building a cluster of products around it. This will in turn develop the retention tie with the customers. Other than housing loan‚ other types of home loan financing that banks offers include bridging loan and renovation loan. These loans are commonly presented to the lenders in a package‚ provided the lenders are eligible for the loans. Housing Loan A Housing
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Rupali Bank Limited The Bank At a Glance :Rupali Bank Ltd. was constituted with the merger of 3 (three) erstwhile commercial banks i.e. Muslim Commercial Bank Ltd.‚ Australasia Bank Ltd. and Standard Bank Ltd. operated in the then Pakistan on March 26‚ 1972 under the Bangladesh Banks (Nationalization) Order 1972 (P.O. No. 26 of 1972)‚ with all their assets‚ benefits‚ rights‚ powers‚ authorities‚ privileges‚ liabilities‚ borrowings and obligations. Rupali Bank worked as a nationalized commercial
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BRITISH BANKS: CRACKING THE OLIGOPOLY Student: Aruni Dileepa Wijeweera - 16639300 Student: Elie Gharib - 16443365 Student: Ying Sheng - 17903022 Lecturer: Dr. Neil Perry Economics 200425 Due Date: 18th November 2013 United Kingdom (UK) banking industry started in 1694 with the establishment of Bank of England‚ with the main purpose of funding the war against France. Throughout the years and with the expansion of the banking industry‚ many private banks invaded the
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