Central Bank of Afganistan Central Bank of Afganistan is Da Afganistan Bank (DAB).It was founded on 1939.Da Afganistan Bank headquarters in Kabul. Da Afganistan has 46 branches which are working all over the country. Five branches situated in Kabul. 100% ownership is state ownership. Name of the governor is Mr. Ajmal Ahmady.It’s vital role to […]
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Difference between TT Selling Rate and B.C selling Rate TT (Selling) rates are used for remittance from one country to another by telegraphic transfer and payment involves no loss of interest profit. BC (selling) rate is applied against the import, which requires some extra work. Therefore the rate represents the bank’s basic TT selling rate […]
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Difference between Letters of Credit and Documentary Collection Letters of Credit in a Nutshell A letter of credit is an arrangement where an issuing bank (typically, the buyer’s or importer’s bank) unconditionally guarantees to pay the seller’s bank when the goods are delivered along with specific documents containing very precise information. For an import/export […]
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How to open a savings account in ICICI Bank? Who can open ICICI Bank savings account? 1) Who is an Indian citizen 2) The applicant should be 18 years old or above. In case of minors as per bank rules 3) The applicant has to proof of address and valid identity 4) Initial deposit as per […]
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Precautionary Measures at Cash Counter to Fight against Covid-19 and other Contagious Diseases Precautionary Measures at Cash Counter to Fight against Covid-19 Contagious: the communication of disease one person to another by close contact. Epidemic: when a disease affects a large number of people within a community, population, or region. Pandemic: An epidemic disease that […]
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Last one hour- global Banking news Last one hour- global Banking news 11.45 PM Margin compression is coming for Indian banks’ books, but not yet https://www.livemint.com/market/mark-to-market/margin-compression-is-coming-for-india-s-banks-but-not-yet-11614680879155.html Assessing goodwill impairment amid COVID-19 https://www.journalofaccountancy.com/news/2021/mar/assessing-goodwill-impairment-amid-coronavirus-pandemic.html Cevian calls on boards to end ‘ESG box checking’ and set pay targets European activist investor’s warning comes as sustainable investing rises quickly […]
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Bank of England prepares first clear break from Brussels – EU rules torn apart! The bank o England is preparing to tear up the EU rulebook as Brexit Britain begins to re-shape the financial sector. Regulators have outlined proposals to diverge from the European Unions’ rulebook as stricter EU roles stop banks being as competitive […]
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About International Business Ethics Rationales of International Business Misunderstandings about MNCs Intergovernmental Understandings Impact of Operations of the Multinationals Desired Operations to Ensure Mutuality Internet Business Caux Round Table Conference Codes International Business in Islam Summing Up MNC stands for Multinational Company/Corporation. David W Ewing defined MNC, …a company having production and marketing facilities in […]
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How to import and export under Mudaraba Import and export under Mudaraba Mudaraba: Mudaraba is a deed on the basis of which an agreement is signed between a bank and a person (real person or a legal entity) in order to enter into a commercial (purchase and/or sale of goods) investment and jobbing transaction. In […]
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The A – Z of Classified Investment Faq-Classified investment related questions are given below: ✅ Question : 01 :: What is the Categories of Loans and Advances ? Ans: All loans and advances will be grouped into four (4) categories for the purpose of classification, namely- (a) Continuous Loan (b) Demand Loan (c) Fixed Term […]
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What do you know about “Certificates of origin ”as per ISBP? Ans: CERTIFICATES OF ORIGIN : Basic requirement 196) A requirement for a certificate of origin will be satisfied by the presentation of a signed, dated document that certifies to the origin of the goods. Issuers of certificates of origin 197) A certificate of origin […]
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Foreign Exchange Math Solution Problem: An exporter has presented an export bill for Euro 50,000 for negotiation on your bank. By using the following particulars, determine the Euro exchange rate of your bank to purchase the export bill and also determine what amount will be credited to the exporter’s account: (a) Bill amount- Euro 50,000 […]
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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 to the expansion of internal […]
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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 is the increase of human […]
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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’. The above version seems to […]
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