Professionalism in Banking Sector

Professionalism in Banking Sector

Professionalism in Banking Sector Professionalism is being aware of the language of time. People need to be professional for the betterment of the institution by recognizing the do and don’t of the job. Professionalism tends to abide by the commands of the authority that synchronizes with the professional knowledge, that […]

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 Locker facility and procedures thereof

 Locker facility and procedures thereof With a view to expanding services to the clients, for safe keeping of jewellery, valuables, documents etc. Lockers may be installed to the Branches: The operation of lockers may be made as per following guidelines: Following size of lockers may be available to the Branches. […]

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What is the Rule in Clayton’s case?

What is the Rule in Clayton’s case? Right of Appropriation: (Clayton’s Rule) This is the right of a banker to appropriate the money paid by the customer to any one of the loans including a time- barred debt. But, however, once the customer gives specific directions regarding appropriation, the banker has no right […]

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What conditions should be fulfilled to exercise the right of set-off

What conditions should be fulfilled to exercise the right of set-off What conditions should be fulfilled to exercise the right of set-off? It is s statutory right which enables a banker to combine two accounts in the name of the same customer and to adjust the debit balance in one account with the […]

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SPECIAL FEATURES OF RELATIONSHIP OF BANKER AND CUSTOMER

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 […]

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Due 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 […]

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What 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 […]

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Banking Keywords

Banking Keywords Analyzed credit card, loan application process, customer satisfaction, Analyzed financial accounts,senior management.Assessed profitability, financial statements,short‐term contract employees, Authorized business plan, Fixed Assets Analysis, fixed asset acquisition.efficient service.loans,high‐risk customers,financial document, company management, insurance companies, and other external stakeholders, currency fluctuations,  high net‐worth clients, quarterly loan reports, products and procedures, […]

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