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 […]
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Group 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 […]
Read moreBest 50 banking words used in India
Best 50 banking words used in India 1. Automated Teller Machine (ATM) – A machine, activated by a magnetically encoded card that can process a variety of banking transactions. 2. Bank Ombudsman – A person who hears customer’s complaints against banks. 3. Bank Ombudsman is appointed by – RBI. 4. […]
Read moreAdvantages Of Mobile Banking
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 moreBasic Principles of Bank Business
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 moreKnow your customer
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 moreInformation-sharing meetings
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 moreShariah
Shariah Shariah: The basic principle of the Shariah which serves as guide line in this respects is that if there is more than one provider of capital to a business undertaking, profits can be distributed among them in proportions mutually agreed upon, but losses, if any have to be borne […]
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