Locker facility and procedures thereof With a view to expanding services to the clients, for safe keeping of jewellery, valuables, documents etc. Lockers may be installed to the Branches: The operation of lockers may be made as per following guidelines: Following size of lockers may be available to the […]
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Top 10 Bank in India India is a big country, which has 51 Pradesh. It is also a big country in size. India has a strongest banking and financial sector. Indian banks are the best banks in terms of their business performances. Most of the reforms have happened post-independence […]
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Difference Between Derivatives and Equity What is Equity? Equity is a form of ownership in the firm and equity holders are known as the ‘owners’ of the firm and its assets. Any company at its stage of a start-up requires some form of capital or equity to begin business operations. […]
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Banker obligations to honour the cheques Obligations to honour the cheques : The deposits accepted by a banker are his liabilities repayable on demand or otherwise. The banker is, therefore, under a statutory obligation to honour his customer’s cheques in the usual course. Section 31 of the Negotiable Instruments Act, […]
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List of all the acts related to the bank in India 1. Negotiable Instrument Act– 1881 2. The Bankers’Books Evidence Act– 1891 3. The Reserve Bank of India Act– 1934 4. The Industrial Finance Corporation of India Act– 1948 5. The Banking Companies (Legal Practitioner Clients’Accounts) Act– 1949 6. The […]
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Laws of Banking in India 1. Evaluation of Banking Law in India Banking as a business has its own distinctive features when compared with all other trade and business. A Banking company deals mainly with the money of large number of depositors who do not have any control over […]
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SUBMISSION OF RETURNS OF FOREIGN EXCHANGE TRANSACTIONS TO BANGLADESH BANK SUBMISSION OF RETURNS OF FOREIGN EXCHANGE TRANSACTIONS TO BANGLADESH BANK INTRODUCTION: Authoriseds being responsible for dealings in foreign exchange are required to keep proper records. Dealer It is also a requirement that they submit to the Bangladesh Bank prescribed periodic returns […]
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Cash Management-Maintenance of Keys and Security measures Cash Management, Maintenance of Keys and Security measures Introduction Cash is a very important and sensitive item for day-to-day transaction of the Branches. Internal check, supervision and monitoring at different stages of cash handling is extremely necessary to avoid the incidents of thefts, […]
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Information of Bank of India History of Bank of India: Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks. Beginning with one […]
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Export Procedure Exporter obtain Export Registration Certificate from Chief Controller of Import & Export >> Agreement for Export >> Obtain Export LC, Standby L/C or Contract >> Export LC issued by issuing bank at the request of importer/buyer >> The bank through which the L/C is send to the exporter is treated as advising […]
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Difference between Fund Flow Statement & Cash Flow Statement Difference between Fund Flow Statement & Cash Flow Statement CASH AND FUND FLOW The statement of change in financial position is known as “ Fund Flow Statement “. Because Fund Flow shows the amount in change in various balance sheet […]
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