Banks can pay interest on savings bank accounts at quarterly or longer rests. 4. How is the computation of interest on savings bank deposits done by banks? With effect from April 1, 2010 payment of interest on savings bank accounts by scheduled commercial banks would be calculated on a daily product basis. 5. How banks can pay interest on term deposits repayable in less than three months or where the terminal quarter is incomplete? In such cases interest should be paid proportionately for the actual
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one of the leading commercial bank in Pakistan which is currently having more than 1,000 branches nationally and 15 branches internationally. UBL has state of art online banking facility available for its customers and Deposits, Cheque Cash, Account Summary and Transfers can be easily done online. They have following services: • Commercial Banking • Consumer Banking • Corporate Banking • Foreign Exchange • Treasury • Overseas Banking Division Banking Industry Banking in Pakistan falls
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[pic] 1.0. BRIEF IDEA ABOUT BANK Alfalah Bank Alfalah Limited was incorporated on June 21st, 1997 as a public limited company, under the Companies Ordinance 1984. Its banking operations commenced from November 1st, 1997. The bank is engaged in Islamic banking, commercial banking and related services as defined in the Banking Companies Ordinance, 1962. The Bank is currently operating through 195 branches in 74 cities. Management of Bank Alfalah accepted the challenge to transform this bank into
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customers c. The process by which a bank borrows money from one source to give it to another individual or company that needs funding, investment or resources d. The process by which a bank trades in securities market 2. What is the core banking services? a. Collecting deposits; making loans; arranging payments b. Collecting deposits; making loans; financing infrastructure projects c. Making loans; arranging payments d. Collecting deposits;; arranging payments 3. What
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Background of the Study Now-a- day’s banking sector is modernizing and expanding its hand in different financial events every day. At the same time he banking process is becoming faster, easier and is becoming eider. In order to survive in the competitive field of the banking sector all organizations are looking for better service opportunities to provide their fellow clients. So it has becoming essential for every person to have some idea on the bank and banking procedure. Internship program so called
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Types of Bank Accounts jyoti25 Download Share Add to Flag Embed Views: 2183 Category: Education License: All Rights Reserved Presentation Description class 11th commerce types of Bank a/c Comments Presentation Transcript Types of Bank Accounts: Types of Bank Accounts Saving,recurring ,Current ,Fixed deposit ,Multiple option deposit a/c Recurring Deposit-RD: Recurring Deposits are a special kind of Term Deposits offered by banks in India which help
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Investment Banking Under Islamic Shariah PRINCIPLES: A Case Study on Export Import Bank of Bangladesh Ltd By Md. Mostak Ali ID: 3-03-03-025 A Project Report Submitted To Professor Md. Ali Akkas Department of Management Studies In partial fulfillment of the requirements for the award of the degree of MASTER OF BUSSINESS ADMINISTRATION UNIVERSITY OF DHAKA Dhaka 1000 September, 2011 September 29, 2011 Md. Ali Akkas Professor Department of Management Studies
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1. (10 pts.) Explain the distinction between direct and indirect finance. Explanation: Direct finance is a method of financing in which borrowers (spenders) and lenders (savers) meet directly and exchange funds without a third party involvement. A very good illustration of direct financing is individual lending money to his friends who would repay the individual later with or without an interest rate. There is no other party involved in this fund transfer. Debts
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General Banking Operations General banking provides the foundation of banker – customer relation ship through openingaccount. This is the busiest department and the daily transactions of concerned to thecustomers for drawing or depository money , selling of the instrument to them for remittance purpose, collection of their instruments providing other services to them and keep customer section busy.Usually the following sections/departments are involved to perform the general bankingoperations:
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The majority of Islamic banks perform both commercial and investment banking services. However, due to the fact that banking business is now increasingly complex that resulted from the globalization, it is necessary for Islamic bank to adopt a single set of international accounting standard particularly for Islamic banks alone worldwide. In addition to this, it is sadly to say the fact that AAOIFI has no power to enforce its standards due to IFRS and IAS has been globally accepted worldwide by most
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