Month-End Account Procedure for Banks: Complete Step-by-Step Guide The month-end account procedure for a bank is one of the most important parts of banking operations and financial management. At the end of every accounting month, banks need to review transactions, reconcile accounts, calculate income and expenses, recognize accrued items, verify […]
Read more
Advantages Of Mobile Banking Mobile banking Mobile banking is a system for the customer to act upon banking procedures on his or her cell phone or other mobile appliance. It is a popular technique of banking that fits in well with a busy, technologically oriented lifestyle. It might also be […]
Read more
Basic Principles of Bank Business Bank runs its business by taking the money of others so it is a risky business organization. Avoiding all risk to establish strong, dependable and skilled banking business otherwise, the economic developments will be hampered of the country. To set up a strong and dependable […]
Read more
Bank Mergers in Bangladesh: Causes, Process, and Economic Impact A bank merger occurs when two or more banks combine to form a single, stronger financial institution. The main goal of a merger is to improve efficiency, reduce operational costs, and enhance competitiveness in the banking industry. In Bangladesh, the concept […]
Read more
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 […]
Read more
The Concept of Bank Merger: Steps, Examples, and Implications What is a bank merger? A bank merger is a corporate transaction in which two or more banks combine to form a single banking entity. The combination may take the form of one bank acquiring another (an acquisition), two banks joining […]
Read more
Information-sharing meetings Information-sharing meetings differ from problem -solving How do information-sharing meetings differ from problem -solving or decision making? Ans. Meeting are called to solve problems or share information. Information-sharing meeting is a sitting of a group people for proper decision on a discussing matter/topic. Meeting can be an extremely […]
Read more
Corporate governance Corporate governance especially relevant to Islamic financial institutions Why is corporate governance especially relevant to Islamic financial institutions and what advantages does it give them? Ans.: Corporate governance especially relevant to Islamic financial institutions because it involves a set of relationships between a company’s management, its board, its […]
Read more
20 Future Banking Ideas 2050 20 Future Banking Ideas for 2050 1. AI-Powered Autonomous Banks Banks run primarily by artificial intelligence with minimal human interaction—handling loans, customer service, fraud detection, and investments in real-time. 2. Biometric-Only Banking Full elimination of passwords and cards. All transactions authorized through biometrics: retina scans, […]
Read more
How Banks Are Changing with AI? How Banks Are Changing with AI? Introduction Have you ever chatted with a bank rep at 2 AM and wondered, “Is this a robot?” Spoiler alert: It probably is. That’s the power of Artificial Intelligence (AI), and it’s shaking up the banking world faster […]
Read more