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History of Modern Banking system
History of Modern Banking system History of Modern Banking system The commercial revolution of the sixteenth and seventeenth centuries, caused by the discovery of America and other sea routes, was a prelude to the later industrial Revolution in England. Industrial Revolution gave a fillip to the production of wealth and […]
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History and development of banking
History and development of banking History and development of banking Banking has come into existence to cater for the economic needs of society and is, therefore, an offshoot of civilization. Surely, there would be know need of a bank for a savage who live on wild roots and fruits. It […]
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Ask Me Anything: About Origin And Nature Of Banking
Ask Me Anything: About Origin And Nature Of Banking The word “Bank” is said to have been derived from the Italian word ‘banco’, the original meaning of which is ‘shelf’, ‘bench’. It was extended to that of ‘counter’, money-lenders and money changers used to display their coins, whence ‘bank’. […]
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CDCS Exam MCQ and Answer
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Banking supervision directives of Israel
Banking supervision directives of Israel (A) The Governor of the Bank of Israel, according to his authority under section 28 of the Banking Law (Licensing) 1981, allows banks to allow their customers to perform transactions in their accounts Certain banking through communication banking systems. However retrieval Information provided by customers, […]
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Security- Concept & Types Characteristics of good Security Proper Valuation of Security
Security- Concept & Types Characteristics of good Security Proper Valuation of Security One of the most important functions of a bank is to employ its fund by way of Investments/loans and advances to its customers and a bank’s strength depends considerably on the quality of its Investments/loans and advances. Though […]
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Discussion about Ijarah (Leasing)
Discussion about Ijarah (Leasing) Ijarah (Leasing) Ijarah is a term of Islamic fiqh. Lexically, it means “to give something on rent”. In the Islamic jurisprudence, the term “Ijarah” is used for two different situations. 1) In the first place, it means “to employ the services of a person on […]
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Social Islami Bank Agent Banking
Social Islami Bank Agent Banking BACKGROUND: Agent Banking provides banking and financial services to the underserved population through engaged agents under a valid agency agreement, rather than a teller/ cashier. Agent banking is a new concept in Banking Industry of Bangladesh though Agent banking is very popular in many countries (viz. Mexico, […]
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Definition of Retail Investment
Definition of Retail Investment Definition of Retail Investment: Retail Investment encompasses the range of products and services offered by a bank to individuals to meet individual banking and ancillary needs. In fact Retail Investment in SIBL delivers diversified financial products and services including savings accounts, salary accounts, deposit schemes, as […]
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Shortfall In Documentation And Others Lapses
Shortfall In Documentation And Others Lapses Shortfall In Documentation And Others Lapses. Lapses : Lapses arise out of any kind of irregularities, misstatements, non-compliances of existing policy & procedures of the Bank, law of the land by which the Bank may incur financial losses. Moreover, sometimes non-compliance of existing policies […]
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