Know your customer

Know your customer KYC Policy: 1) Customer Acceptance 2) Customer Identification 3) Monitoring of Transactions 4) Risk Management   Definition of a Customer: (i) A person or entity (a)   Maintaining an account with the Bank, or (b) Has a business relationship with the Bank (including borrowers/guarantors of loans, Demat account […]

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How to justify an ideal bank

How to justify an ideal bank

How to justify  an ideal bank How to justify the efficiency of an ideal bank Successful of  a bank depends on efficiency of a banker. Which bank are efficient their success are near with them. These efficiency depends on various factors of a bank. These are given below: a) Organization […]

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Insurance for covering risk

Insurance for covering risk What are the requisites of insurance for covering risk Requisites of insurance may be summarized as follows: 1) Insurance must be effected by means of a legal contract and must meet the general requirements of contract as follows: a) It must be made by parties with […]

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