How to approach lenders in Bangladesh You have explored all the means available to you to improve your liquidity (see chapter l, Assessing your financial needs). You believe you now need a short-term credit from a bank or other institution to finance your trading or manufacturing activities. Your next step […]
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Security features of Taka Security Features Of 1000 Taka Denomination Note Front Side of the Note Back Side of the Note 1. The size of this note is 160×70mm duly signed by the Dr. Atiur Rahman, Governor, Bangladesh Bank. 2. This note is printed on highly durable paper containing synthetic […]
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How to assessing financial needs? This chapter deals with the need to examine one’s business carefully before deciding to apply for short-term credit. It looks at the basic financial structure of an enterprise and provides guidelines on equity and loan capital and their role in financing assets. It explains the notion of working […]
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Security-Concept & Types-Characteristics of good Security One of the most important functions of a bank is to employ its fund by way of Investments/loans and advances to its customers and a bank’s strength depends considerably on the quality of its Investments/loans and advances. Though the banks are now expected to […]
Read moreDuties and Obligations of Paying Banker Duties and Obligations of Paying Banker and Collecting Banker under NI Act, 1881 Paying Banker >A Banker on whom a cheque is drawn should pay the cheque when it is presented for payment. , >This cheque paying function is a distinguished one of a banker. […]
Read moreAnalysis of Financial Statements At the time a borrower, especially a businessmen or an industrialist, approaches a banker with a credit proposal, the banker investigates into all aspects of the borrower’s business and also about his personal character, capacity and capital. In this task of financial appraisal of the credit […]
Read moreWhat do you mean inflation, features of inflation and types of inflation Inflation means a substantial and rapid increase in the general price level which causes a decline in the purchasing power of money.Inflation is statistically measured in terms of percentage increase in the price index per unit time (usually […]
Read moreWhat 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 […]
Read moreWhat 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 […]
Read moreSPECIAL 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- […]
Read moreExplain 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 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: 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 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 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 […]
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