21 November 2013 Who is an Athlete? Michael Jordan‚ Jackie Robinson‚ and Muhammad Ali are some of the greatest athletes of their sport. Dribbling a ball‚ swinging a bat‚ and boxing alone has not made them athletes. An athlete is most commonly described as a person who is proficient in sports and other forms of physical exercise. Even though this definition may be true it vaguely describes who athletes are. Athletes are not just people who play sports. It takes certain qualities to be an athlete
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more loans revealed by Hamesh Khan | Names four Bank of Punjab directors who got benefits for themselves | By Ansar Abbasi | | ISLAMABAD: Hamesh Khan’s stunning revelations before the NAB investigators have taken the lid off a unique scandal of the banking history in which the Bank of Punjab offered loans worth billions of rupees to the business concerns of its directors. Sources said that all these directors were associated with the Bank of Punjab during Pervez Elahi’s tenure as chief
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tSTRUCTURE OF BANKS Commercial banks can be divided into 2 main categories: (1) Scheduled banks (2) Non-scheduled banks (1) Scheduled bank: A scheduled bank is so called because it has been included in the second schedule of Reserve bank of India Act‚ 1934. To be included in the schedule‚ the bank must satisfy the following 3 conditions: (a) It must have paid up capital and reserves of an aggregate value of at least Rs. 5 lakhs; (b) It must satisfy the reserve bank that its affairs
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People’s Bank of China The People’s Bank of China is the is the central bank of People’s Republic of China with the power to control monetary policy and regulate the financial institutions in mainland China. The People’s Bank of China has more financial assets than any other single public finance institution in world history. History: The bank was established on December 1‚ 1948 based on consolidation of Huabei Bank‚ the Beihai Bank and the Xibei Farmer Bank. The headquarter was first located
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Bank Policy in Burma By Name Course Professor University City/State Date Introduction Commercial banking in Burma started in Burma before it gained its independence in the early nineteenth century. The banks supported chettiar lending. There were more foreign banks than indigenous banks from the Burma citizens. An example of the Burma commercial bank was the Dawson’s bank which began in the early nineteenth century. Most of the banks primary goal was to focus
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Background OF Bangkok Bank Bangkok Bank has been Thailand’s leading bank for more than half a century.In the 1940s‚ local Thai businessmen found that it difficult to get credit facilities from foreign banks. So‚ this gives an opportunity for them to start up a truly Thai bank. After the Bangkok Bank was set up and begins trading in 1944‚ it gets strong support from many local businesses and grew rapidly. Bangkok Bank became a dominant player in Thailand which it is the bank that used by all leading
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Role of A Central Bank as Lender of Last Resort Introduction Nowadays‚ monetary and central bank policy become more and more important. Besides‚ many references are regularly made to the function of central bank as lender of last resort(LOLR). LOLR contributes a lot to solve the financial crises. As central banks are independent from government‚ they seem to have strong priorities. In modern society‚ with the growth of the global economy‚ central banks have been playing especially important
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The Bank of Korea (BOK) is the central bank of South Korea and issuer of South Korean won. It was established on June 12‚ 1950 atSeoul‚ South Korea. The Bank’s primary purpose is price stability. For that‚ the Bank targets inflation. The 2010–12 target is consumer price inflation of 3.0 ± 1%. ------------------------------------------------- History The Bank of Korea was established on June 12‚ 1950 under the Bank of Korea Act. Following liberation on August 15‚ 1945‚ the Korean economy was
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BANK OF MAURITIUS website: http://www.bom.mu COMMUNIQUÉ CAMEL Rating for Banks The Bank of Mauritius‚ in consultation with banks‚ has today disclosed the composite CAMEL rating for individual banks for the quarter ended December 2011.1 The ratings constitute an expression of opinion of the Bank of Mauritius‚ as regulator‚ on the financial condition of a bank at a particular point in time and should not be construed as an assessment that will not change in future. The CAMEL ratings are published
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The Reserve Bank of India (RBI) is India’s central banking institution‚ which controls the monetary policy of the Indian rupee. It was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act‚ 1934 Main functions Bank of Issue Under Section 22 of the Reserve Bank of India Act‚ the Bank has the sole right to issue bank notes of all denominations. The distribution of one rupee notes and coins and small coins all over the country
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