SPECIAL FEATURES OF RELATIONSHIP OF BANKER AND CUSTOMER The special features of relation between banker customer give rise to certain rights and obligations which are mutual in character. The rights of the banker are the obligations of the customer and vice versa. Rights of a Banker Following are some of the statutory- […]
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Explain the banker is a privileged debtor
Explain the banker is a privileged debtor Relation of Debtor and Creditor As Sir John Pagét aptly remarks that “the relation of banker and customer is primarily that of debtor and creditor, the respective positions being determined by the existing state of the account”. On the opening of an account the banker assumes […]
Read moreDue diligence-In good faith and without negligence
Due diligence-In good faith and without negligence What is ‘Due Diligence?’ Due diligence has become a buzz word in the recent times. Due diligence has been used since at least the mid-fifteenth century in the literal sense “Requisite Effort.” Centuries later, the phrase developed a series of meanings in different […]
Read moreWhat is ABA Routing Number,ACH Routing Number and Fedwire Routing Number
What is ABA Routing Number, ACH Routing Number, and Fedwire Routing Number What is ABA Routing Number, ACH Routing Number and Fedwire Routing Number: ABA Routing Number: Routing numbers are also referred to as “Check Routing Numbers”, “ABA Numbers”, or “Routing Transit Numbers” (RTN). The ABA routing number is a 9-digit […]
Read moreDefinition of a Customer
Definition of a Customer The term “customer” of a bank has not been defined by any law. According to Sir John Paget, “to constitute a çustomer there must some recognisable course or habit of dealing in the nature of regular banking business”. Customer: According to this view, to constitute a customer of a bank, […]
Read more7 C’s of Communication
7 C’s of Communication The 7 C’s of Communication is a checklist that helps to improve the professional communication skills and increases the chance that the message will be understood in exactly the same way as it was intended. To have effective communication, one should keep the following 7 C’s […]
Read moreLearn Ten Words Everyday
Learn Ten Words Everyday Learn Ten Words Everyday Session #1 Session #2 Session #3 Session #4 Session #5 Session #6 Session #7 Session #8 Session #9 Session #10 Session #11 Session #12 Session #13 Session #14 Session #15 Session #16 Session #17 Session #18 Session #19 Session #20 Session #21 […]
Read moreAlabama Bank Directory
Alabama Bank Directory AB&T National Bank Alabama Banker’s Bank, NA Alabama Trust Bank, NA Alamerica Bank Aliant Bank Amerifirst Bank AuburnBank Bank Independent Bank of Evergreen Bank of Pine Hill Bank of Walker County Bank of Wedowee Bank of York Bank Trust Bay Bank Brantley Bank and Trust Company Bryant […]
Read moreEtiquette in Banking and Human Life
Etiquette in Banking and Human Life What does etiquette mean? Etiquette is being polite. It is good manners. Etiquette is a code of conduct, both written and unwritten, for basic behavior that is socially expected from individuals in a society based on cultural norms. These behaviors include the proper way […]
Read more7 C’s of Credit Analysis in Banking Arena
7 C’s of Credit Analysis in Banking Arena Lenders or banks use 7 C’s to perform the credit analysis of the borrower of the loan. The main parameters based on the credit analysis is done are: Collateral Conditions Character Credit Capacity Currency Country 1. Collateral Collateral provides some security […]
Read moreThe financial system of Bangladesh
The financial system of Bangladesh Financial System of Bangladesh Introduction: Financial system of Bangladesh is getting emerged with the assistance of Bangladesh Bank, powered by Bangladesh Bank Order 1972, which is now acting as regulatory body of financial institutes. Under the guardianship of Bangladesh Bank, 56 scheduled banks and 31 […]
Read moreGroup Banking and Chain Banking
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 […]
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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. […]
Read moreAgricultural Credit Department
Agricultural Credit Department Circulars/Circulars Letters 1-100 (Updated on 15.02.2016) Publish- Date Title Link Published by: Agricultural Credit Department 05/01/16 ACD Circular Letter No. 01: Regarding disbursement of 22/12/15 02/11/15 ACD Circular Letter No. 04 : Agricultural loan disbursement 25/08/15 ACD Circular Letter No. 03 : Refinance scheme on Milk 02/08/15 ACD […]
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