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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Step by Step Export Procedure
Step by Step Export Procedure Procedure of Export from Exporter side: To open an account with a Bank. To be collect ERC (Export Registration Certificate) from CCI & E. To collect TIN from Bangladesh Revenue Board. To collect Export L/C / Transferable Export L/C. To submit the Export L/C / […]
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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 IFSC-MICR codes-SWIFT Codes What is IFSC? IFSC stands for Indian Financial System Code . The Payment System Applications such as Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT) and Centralised Funds Management System (CFMS) developed by the Reserve Bank of India use these codes. The IFSC […]
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URR 725, URC 522, ISBP 745: Their uses and Implication in Foreign Trade URR 725, URC 522, ISBP 745: Their uses and Implication in Foreign Trade: Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credit -URR 725New Publication Number 725 to become effective October 1, 2008 Background to URR The Uniform […]
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Cash Transactions Report (CTR) And Suspicious Transaction Report (STR) Recognition of Suspicious Transactions As types of transactions that may be used by money launderer are almost unlimited, it is difficult to define a suspicious transaction. Suspicion is personal and subjective and falls far short of proof based on firm evidence. […]
Read moreElements Of Export Contract Or Sales Contracts
Elements Of Export Contract Or Sales Contracts If you asked anyone what is the elements of export contract or sale contract. Most of the people do not answer properly. Due to this, I think I have to write the matter to clarify the people. Export contract or sales contact has […]
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 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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Top 30 Banks Information of USA Bank of America NA Bank of America Corporation (BofA) Bank of America Corporation (BofA) is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina, United States. It is ranked 2nd on the list of largest banks in the United States by […]
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JPMorgan Chase Bank NA Swift and BIC Codes JPMorgan Chase Bank NA Swift and BIC Codes: JPMorgan Chase Bank NA Swift Codes for International Wire Transfers To receive an International wire transfer to your Chase Bank Account in USA, please provide the following information Bank Name: JPMorgan Chase Bank NA […]
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The Bank of New York Mellon Corporation The Bank of New York Mellon Corporation, which does business as BNY Mellon, is an American worldwide banking and financial services holding company headquartered in New York City. It was formed on July 1, 2007, as a result of the merger of […]
Read moreCapital One Financial Corp is the 10th largest bank by Assets in USA
Capital One Financial Corp is the 10th largest bank by Assets in USA Capital One Financial Corp is the 10th largest bank by Assets in USA(at present).Capital One is the eighth-largest commercial bank in the United States when ranked by assets and deposits. and is ranked 9th (earlier) on the […]
Read moreTD Group US Holdings LLC is the ninth largest bank in USA
TD Group US Holdings LLC is the ninth largest bank in USA TD Group US Holdings LLC is the ninth largest bank in USA.TD Bank, N.A., is an American national bank. The eleventh largest bank in the United States (by total assets earlier), it is the result of many mergers […]
Read moreMorgan Stanley 6th largest bank in U.S by assets
Morgan Stanley 6th largest bank in U.S by assets Morgan Stanley 6th largest bank in U.S by assets.Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. It is headquartered at 1585 Broadway in the Morgan Stanley Building, Midtown Manhattan, New […]
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