When and why a country prefer exports? A country exports prefer when the goods, services and skills are surplus than the demands of that country.we can say, a country has been able to produce more goods and services than can be consumed at home. This prompted a search for foreign […]
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Foreign Exchange Regulation Act 1947
Foreign Exchange Regulation Act 1947 Foreign Exchange Regulation Act 1947: There is an elaborate machinery to effectively operate the exchange control and regulation in the country. The machinery comprises the authorities empowered to regulate foreign exchange transactions and to enforce the provisions of Foreign Exchange Regulation Act and to deal with […]
Read moreURR 725 and issuance of Reimbursement Authorisation, URC 522: Collection of Bills (Clean & Documentary)
URR 725 and issuance of Reimbursement Authorisation, URC 522: Collection of Bills (Clean & Documentary) Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credit -URR 725 New Publication Number 725 to become effective October 1, 2008 Background to URR: The Uniform Rules for Bank-to-Bank Reimbursements (“URR”) were first published by ICC […]
Read moreSpecial types of Bank’s Customers-Minor or Infant, Lunatics, Drunkard or Intoxicated Person, Married Woman, Illiterate Person, Trustees, Executors and Administrators
Special types of Bank’s Customers-Minor or Infant, Lunatics, Drunkard or Intoxicated Person, Married Woman, Illiterate Person, Trustees, Executors and Administrators. Every person who is competent to contract can open an account with a bank provided the bank is satisfied regarding his bonafides and is willing to enter into necessary business […]
Read moreFactors influencing Foreign Direct Investment
Factors influencing Foreign Direct Investment Factors influencing Foreign Direct Investment in a Country Foreign Direct Investors look into various factors before making investment decision in a country. After 1990, in India, the government adopted a New Economic Policy which promoted the policy of LPG (Liberalization, Privatization and Globalization). This has […]
Read morePolitical economy and social transformation in India
Political economy and social transformation in India 1. POLITICAL ECONOMY AND SOCIAL TRANSFORMATION IN INDIA DONE BY: ANU MARIYA AKASH CHAUDHARY NAJID AHMED 2. DEMOCRACY AND SOCIO-ECONOMIC TRANSFORMATION IN INDIA . Social science engagements with contemporary India have mostly been around the question of change –social,economic,cultural or political M.N. Srinivas, […]
Read moreForeign Exchange Regulation Act 1947, Guidelines of Foreign Exchange Transactions
Foreign Exchange Regulation Act 1947, Guidelines of Foreign Exchange Transactions What is Foreign Exchange? Foreign exchange is the conversion or exchange of one country’s currency into another currency. Foreign exchange also refers to the global market where currencies are traded virtually around-the-clock. The term foreign exchange is usually abbreviated as […]
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 moreKNOW YOUR CUSTOMER (KYC)
KNOW YOUR CUSTOMER (KYC) KNOW YOUR CUSTOMER (KYC): The adoption of effective Know Your Customer (KYC) program is an essential part of financial institutions’ risk management policies. Having sufficiently verified/corrected information about customers ―Knowing Your Customer (KYC) – is the most effective defense against being used to launder the proceeds […]
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Bangladeshi Taka
Bangladeshi Taka Bangladeshi Taka: 1 Taka Note (One Taka Note),2 Taka Note (Two Taka Note), 5 Taka Note (Five Taka Note), 10 Taka Note (Ten Taka Note), 20 Taka Note (Twenty Taka Note), 50 Taka Note (Fifty Taka Note), 100 Taka Note (One Hundred Taka Note), 200 Taka Note (Two […]
Read moreWhat are the social and economic values of Insurance
What are the social and economic values of Insurance What are the social and economic values of Insurance: Dr. Mark R. Greene in his book “Risk and Insurance” has listed some of the social and economic values of insurance as follows: i) The insurance reduces the amount of accumulated reserve […]
Read moreThe legal forms of Conventional Insurance
The legal forms of Conventional Insurance What are the legal forms of Conventional Insurance? From historical background of conventional companies, we find that three predominant legal forms have been used as follows: Association of Individuals (Lloyds); Stock companies; and; Mutual associations. A Lloyds Association is an organisation of individuals joined […]
Read moreWhat is the definition of Recurring deposit
What is the definition of Recurring deposit Recurring deposit From Wikipedia. the free encyclopedia Recurring Deposit is a special kind of Term Deposit offered by banks in India which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest […]
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 moreBahrain Financing Company (BFC) Bahrain exchange company
Bahrain Financing Company (BFC) Bahrain exchange company Bahrain Financing Company (BFC) is the leading foreign exchange company in the Kingdom of Bahrain. Established in 1917, BFC has been providing foreign exchange and remittance services for over 95 years. Offering a vast array of products including remittances, EzRemit, instant cash transfer […]
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