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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Strategic Human Resource Management Strategy The strategy is derived from the Greek word “Strategos”. It’s meaning is general. It is used in different way. Strategy is a way of doing something. It is a game plan for action. It usually includes the formulation of a goal and a set of […]
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Precautions for opening of an account in the name of an attorney-www.bankingallinfo.com What precautions should the banker take while opening of an account in the name of an attorney? A customer may appoint an attorney to deal with his bank account. The power of attorney may be either special or […]
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CDCS study materials-Refusing documents Refusing documents Chapter-18 18.1 Handling discrepant documents Once examination has been completed and after taking account of any regulatory or legislative requirements, a document examiner will decide whether or not the documents comply. If the documents comply, the document examiner will take up the documents and arrange a settlement. […]
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Functions and process of the operation in Documentary Credits Article 2 of UCP (600) defines parties to the Letter of Credit as following: “Applicant: the party to whose request the credit is issued. Beneficiary: The party in whose favor the credit is issued. Issuing Bank: Means the bank that issues […]
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Examining insurance documents Chapter-15 Examining insurance documents Learning objectives This chapter highlights the requirements when examining documents such as insurance documents or financial, commercial and official documents. By the end of this chapter, you should be able to: ◆◆ understand the key examination criteria for insurance, financial, commercial and other […]
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CDCS study materials-Honour or negotiation Chapter-17 Learning objectives This chapter provides an overview of the concept of honour and negotiation. By the end of this chapter, you should be able to: ◆◆ explain the different settlement terms; ◆◆ understand settlement flows; ◆◆ explain the terms ‘honour’, ‘negotiation’ and ‘prepay and […]
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CDCS Study Materials-Sales Contract MCQ -Sales Contract 1. An exporter sells goods overseas on FOB and CIF Incoterms, respectively. Who is responsible for the freight charges in each? A. FOB — importer / CIF – exporter B. FOB – importer / CIF – importer C. FOB – exporter / CIF […]
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CDCS Training Materials-Examining transport documents Chapter 14 Examining transport documents Learning objectives This chapter highlights the requirements when examining transport documents. By the end of this chapter, you should be able to: ◆◆ understand the key examination criteria for transport documents; ◆◆ identify the different characteristics of transport documents; and […]
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