as the father of Ayurveda. He developed this system some 2500 years back. • Takshila was the first university of world established in 700 B.C. • Nalanda University, built in 4 AD, was considered to be the honor of ancient Indian system of education as it was one of the best Universities of its time in the subcontinent. • Indian language Sanskrit is considered to be the mother of many modern languages of world. • Place value system was developed in India in 100 B.C. • India
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Banking in India From Wikipedia, the free encyclopedia Jump to: navigation, search Structure of the organised banking sector in India. Number of banks are in brackets. Banking in India originated in the last decades of the 18th century. The first banks were The General Bank of India, which started in 1786, and Bank of Hindustan, which started in 1770; both are now defunct. The oldest bank in existence in India is the State Bank of India, which originated in the Bank of Calcutta in June
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study which aims to analyze the role of information technology (IT) in the Indian banking industry. Indian banks are investing heavily in the technologies such as automated teller machine (ATMs), net banking, mobile banking, tele -banking, credit cards, debit cards, smart cards, call centers, CRM, data warehousing etc. It is essential to evaluate the impact of information technology on the performance of Indian banks in terms of extended value added services and customer satisfaction thereby
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9% Others1 7.0% Retail 0.4% $3.5 Total domestic IT market FY12 ~ USD 30.4 billion Overall, BFSI vertical is contributing significantly to the growth of the Indian economy; its share in Indian GDP is estimated at ~8% Source: Company Annual Reports and Press Releases; Dataquest; Primary Interviews with Stakeholders in the Indian IT Ecosystem; MOSPI; Zinnov Analysis Note: 2 The rapid diversification of the sector including Banks, NBFCs and Insurance presents huge IT opportunity Over 97
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WORKING PAPER NO: 470 BASEL BANKING NORMS – A PRIMER Akshay Uday Shenoy PGP Student Indian Institute of Management Bangalore Bannerghatta Road, Bangalore – 560076 akshay.shenoy@iimb.ernet.in Yatin Balkrishna Mohane PGP Student Indian Institute of Management Bangalore Bannerghatta Road, Bangalore – 560076 yatin.mohane@iimb.ernet.in Charan Singh RBI Chair Professor Economics & Social Science Indian Institute of Management Bangalore Bannerghatta Road, Bangalore – 5600 76 Ph: 080-26993818
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INFORMATION SYSTEMS MANAGEMENT (SML 713) Term Paper Proposed Topic : Study on Indian equivalent to Pay Pal for Consumer to Consumer (C2C) transactions. Introduction “PayPal is the safer, easier way to pay online, and get paid online around the world.” However, this system does not have facilities for online transactions in Indian Rupees. Therefore, study needs to be done to identify an Indian equivalent of Pay Pal for effecting Consumer-to-Consumer financial transactions in India.
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effective banking system in India it cannot have a healthy economy. The banking system of India should not only be hassle free but it should be able to meet new challenges posed by the technology and any other external and internal factors. For the past three decades India's banking system has several outstanding achievements to its credit. The most striking is its extensive reach. It is no longer confined to only metropolitans or cosmopolitans in India. In fact, Indian banking system has reached even
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Executive Summary The last few decades witnessed the rise of Asia as a major global player. Asia’s share of the global output nearly doubled during the last 40 years. This clearly highlights the enormous growth potential and future opportunities in Asia. The great transformation of Asian economies is evident in three main areas. First the sustained huge investments in infrastructure, industry and human resource. Secondly, the increasing complexity of these economies and their integration with the
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In modern world, financial crisis at world level can be traced back to 1920’s, when economic depression of 1929 occurred. It is said that history repeats itself. Today’s world financial crisis which started with mortgage crisis is only one aspect of history. Crisis began with sub-prime lending crisis and whole financial system was engulfed. Sub-prime crisis refers to the crisis faced by the mortgage companies that were in loaning business that due to adverse situations ran in trouble. As a result
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"over the counter", that is, through a dealer. A large company will usually have its stock listed on many exchanges across the world.[4] Exchanges may also cover other types of security such as fixed interest securities or indeed derivatives. The Indian Securities Contracts (Regulation) Act of 1956, defines Stock Exchange as, "An association, organization or body of individuals, whether incorporated or not, established for the purpose of assisting, regulating and controlling business in buying,
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