Group Banking and Chain Banking Group Banking. Group banking refers to the system of banking in which two or more banks are directly controlled by a corporation, an association or a business trust. The holding company may or may not be a banking company. Although each bank maintains its separate […]
Read moreAuthor: Banker Makhluk
MEANING AND FUNCTIONS OF BANK
MEANING AND FUNCTIONS OF BANK Meaning and functions of Bank A bank is an institution which deals with money and credit. It accepts deposits from the public, makes the funds available to those who need them, and helps in the remittance of money from one place to another. In fact, […]
Read moreORIGIN AND GROWTH OF BANKING
ORIGIN AND GROWTH OF BANKING The origin of commercial banking can be traceable in the early times of human history. In the ancient Rome and Greece, the practice of storing precious metals and coins at safe places and loaning out money for public and private purposes on interest was prevalent. […]
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The ING Group
The ING Group The ING Group (Dutch: ING Groep) is a Dutch multinational banking and financial services corporation Its headquarter is in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services. The ING is an abbreviation for Internationale Nederlanden Groep (English: […]
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Mizuho Financial Group
Mizuho Financial Group Mizuho Financial Group, Inc. abbreviated as MHFG, or simply called Mizuho is a banking holding company. It,s headquarter is in the Ōtemachi district of Chiyoda, Tokyo, Japan. The name “mizuho literally means “abundant rice” in Japanese and “harvest” in the figurative sense. Mizuho Financial Group holds assets […]
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UniCredit Bank
UniCredit Bank UniCredit Bank: UniCredit work as the company has its registered office in Rome and general management in Milan.UniCredit’s core markets are Italy, Austria, Russia and Southern Germany. It also has operations in Central and Eastern Europe. The UniCredit Group has investment banking divisions in London, Milan, Munich, Vienna, […]
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Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group Sumitomo Mitsui Banking Corporation Sumitomo Mitsui Financial Group, Inc. (SMFG;Kabushiki kaisha mitsui sumitomo finansharu gurūpu?) is a Japanese bank holding / financial services company established by Sumitomo Mitsui Banking Corporation, which is the second largest bank in Japan by market value (as of Nov 2009). It […]
Read moreThe Salient Features of a Cheque
The Salient Features of a Cheque Cheque A cheque is a document of great importance in the business world. It can be passed from one hand to another easily and so it has become a popular mode of payment. A cheque is the most economical and safe method of money […]
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How to Endorsement How to Endorsement A negotiable instrument may be transferred by negotiation or assignment. Negotiation can be effected by mere delivery if the instrument is a bearer one and by endorsement and delivery in case it is an order instrument. An order instrument means instrument payable to a […]
Read moreWhat Precautions to honor Cheque
What Precautions to honor Cheque What Precautions to honor Cheque The relation between a banker and his customer is that of a debtor and creditor. Money deposited with a banker is always belongs to the customer and the bank obliged to return its equivalent to the customer or to any […]
Read moreSecurity against Loan
Security against Loan Normally a banker does not lend money without adequate security. Security is meant to be an insurance against the money lended. The different types of securities which may be offered to a banker generally are as follows: (i) Immovable properties (ii) Movable properties (a) Goods (b) Documents […]
Read moreLoan against stock exchange securities
Loan against stock exchange securities The following are the drawbacks of advancing money against stock- exchange securities : (i) Liability to pay in case of partly-up shares. In case partly paid shares have been transferred in the banker’s name and the company makes a call, the banker will have to […]
Read moreLoan against Documents of Title of Goods
Loan against Documents of Title of Goods Documents which in the ordinary course of trade, are regarded as proof of the possession or control of the goods, are called documents of title. They authorize the holder thereof to transfer or receive goods which are mentioned therein. Bill of lading, dock […]
Read moreLoan against Supply Bills
Loan against Supply Bills Loan against Supply Bills: The Government and Semi-government Departments or institutions make their purchases from the market by inviting tenders. The person or contractor who quotes the lowest price, gets the order for supply of the goods or completing the work. Before the goods are finally […]
Read moreWhat is Dispatch
What is Dispatch What is Dispatch: Definitions Dispatch as verb (transitive): 1. to send off promptly, as to a destination or to perform a task 2. to discharge or complete (a task, duty, etc) promptly 3. (informal) to eat up quickly 4. to murder or execute Dispatch as noun […]
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