Shortfall In Documentation And Others Lapses Shortfall In Documentation And Others Lapses. Lapses : Lapses arise out of any kind of irregularities, misstatements, non-compliances of existing policy & procedures of the Bank, law of the land by which the Bank may incur financial losses. Moreover, sometimes non-compliance of existing policies […]
Read more
Shariah Compliance: Irregularities Detected While Inspecting Branch and Remedial Measure ِكُلٍّ جَعَلْنَا مِنكُمْ شِرْعَةً وَمِنْهَاجًا To each of you We prescribed a law and a method. [5. Sura Mayeedah : 48] SHARIAH & IT`S OBJECTIVES شريعة is an Arabic word : It means The way, Road Path, Destination […]
Read more
What is Trade Based Money Laundering? Definition of Money Laundering What is money laundering? “Money laundering is the process by which criminals attempt to hide and disguise the true origin and ownership of the proceeds of their criminal activities, thereby avoiding prosecution, conviction and confiscation of the criminal funds.” UK-Joint […]
Read more
Time And Stress Management Techniques Allah’s swearing by time: Swearing by time in several Qur’anic Ayah is taken as an indication of its significance. For instance: By time. Verily Man is in loss. ( Sura Al-Asr 1-2) By the night, when it covers (the sun and the day). By the […]
Read more
Floating Rates of Exchange: Implementation Mechanism & Operational Procedure Exchange rate is one of the key macroeconomic variables and efficient management of exchange rate is very crucial for continued performance of external sector competitiveness and openness. Like the experiences of many other countries considering gradual openness and increasingly integrated pace […]
Read more
What is the function of Treasury front office? Functions of Treasury Front Office: Statutory management Optimization of risk return through specialization and management Funding of the Balance Sheet at optimum prices Proposing interest rate matrix to the ALCO Proposing various investment options to the ALCO Analyze various economic trends and […]
Read more
What are the Importance of International Business for economy? The points below highlight the importance of international business: a) Earn foreign exchange: International business exports its goods and services all over the world. This helps to earn valuable foreign exchange. This foreign exchange is used to pay for imports. Foreign […]
Read more
What are the reasons against foreign Trade? Reasons against Foreign Trade are given below: Following points explain the need and importance of foreign trade to a nation. Division of labor and specialization Foreign trade leads to division of labor and specialization at the world level. Some countries have abundant natural resources. […]
Read more
What is foreign Trade or International Trade? Foreign trade is nothing but trade between the different countries of the world. It is also called as International trade, External trade or Inter-Regional trade. It consists of imports, exports and entrepot. The inflow of goods in a country is called import trade […]
Read more
Zakat- meaning, principles,basis, categories,inflation,advantages and influence (a) Its Meaning for Modern Man The word “Zakät” means “that which purifies” and “that which fosters”. All original sources of wealth—the sun, the moon, the stars, the earth, the clouds that bring rain, the winds that drive the clouds and carry the pollen, […]
Read more
The Hidden Agenda of ‘Interest’ Versus ‘Profit’ Importance of Bank The Hidden Agenda Of ‘Interest’ Versus ‘Profit’ Banks are an essential component of the present day world-individuals as well as public and private institutions can hardly operate without the institution of banking. Commercial banking as we find it today had […]
Read more
How to make a checklist for documents preparation and examination There are various steps involved in making a checklist for preparation of documents. Step by step discuss below: For the bank which receives the documents: After receiving the import documents at first makes an entry to your documents receiving (inward […]
Read more
All Banks List in India List of Private Sector Banks in India All Banks List in India Srl. No Name of the Bank 1 Axis Bank Ltd. 2 Bandhan Bank Ltd. 3 CSB Bank Limited 4 City Union Bank Ltd. 5 DCB Bank Ltd. 6 Dhanlaxmi Bank Ltd. 7 Federal […]
Read more
Reserve bank of India(RBI)-Central Bank of India The reserve bank of India is a central bank and was established on April 1, 1935, in accordance with the provisions of the reserve bank of India act 1934. The central office of RBI is located at Mumbai since its inception. Though originally […]
Read more
Types of Banks in India-Indian banking system Types of Banks in India: Banking is defined as the acceptable purpose of lending or deposit investment, money acceptable from the public, payable on demand or otherwise and withdrawn by cheque, draft, order, or any other means – this definition is given in […]
Read more