intermediaries. Most financial institutions are highly regulated by government. Broadly speaking, there are three major types of financial institutions: • Deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies; • Insurance companies and pension funds; • Brokers, underwriters and investment funds. Functions of a Financial Institution: The functions of Financial Institutions
Words: 15567 - Pages: 63
eA DISSERTATION ON RETAIL BANKING 2010 Your name Pgdm-08/009 4/15/2010 ACKNOWLEDGEMENT I would like to express my heartfelt thanks to many people. This dissertation is an effort to contribute towards achieving the desired objectives. In doing so, I have optimized all available resources and made use of some external resources, the interplay of which, over a period of time, led to the attainment of the set goals. I take here a great opportunity to express my sincere and deep sense of
Words: 16528 - Pages: 67
Guide to Internal Control Over Financial Reporting The Center for Audit Quality prepared this Guide to provide an overview for the general public of internal control over financial reporting (“ICFR”). The Guide explains what public company ICFR is and describes management’s responsibility for implementing effective ICFR. The Guide also discusses the responsibilities of the audit committee to oversee ICFR and of the independent auditor to audit the effectiveness of the company’s ICFR.
Words: 4333 - Pages: 18
Chapter 13 key terms: Armin Hadziomerovic Acceleration Clause- A contract provision that allows a lender to require a borrower to repay all or part of an outstanding loan if certain requirements are not met. Ad Valorem Taxes-is a tax based on the value of real estate or personal property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT). Assessment-the evaluation or estimation of the nature, quality, or ability of someone or something
Words: 1857 - Pages: 8
China’s Banking Sector The Chinese banking sector was almost completely owned by the government and it was isolated from the global economy. Chinese banks were subject to the requirements of their government’s central intended economic policy. Since 1978, the Chinese government has focused on creating a banking system with different types of institutions and agencies that function in diverse markets with clearly stipulated functions. One of the main objectives of the Chinese banking reforms
Words: 3656 - Pages: 15
declining interest rates and stable property prices • Decline in the average house cost to annual income ratio to around 4-5 from 11-14 during the last decade resulting in an affordable EMI as a percentage of monthly income • Aggressive lending by banks to the housing sector due to lower credit offtake by
Words: 2541 - Pages: 11
and Vietnamese Insurance Market Overview 2 1. Insurance history 3 2. Vietnamese Insurance market overview 4 II. Life & Non-life Insurance 7 1. Life insurance 7 2. Non- life insurance 13 III. Balance Sheet 16 1. Balance sheets of life insurance companies: 16 2. Balance sheets of non-life insurance companies: 20 3. Investments – major assets: 24 4. Reserves – major liabilities: 27 5. Insurance Underwriting activities in Vietnam 27 IV. Regulations 29 Ref: 32
Words: 8303 - Pages: 34
Task 5 Bank Request A1. Key points of the company’s financial picture that could impact the bank officer’s decision. Historical Income Statement from the past 3 years: · Decrease in net sales from year 12. Sales decreased by $434,700 from year 12 to year 13 and only rebounded by $80,500 between year 13 and year 14. The lower level of sales results in a lower dollar amount for gross profit, which decreases the amount left to cover selling, general and administrative expenses and leads to lower
Words: 6566 - Pages: 27
institutions can raise medium and long term funds by issuing securities. Securities issued can be tradable or non-tradable. Tradable securities include corporate securities(shares & debentures), govt securities, public securities, bonds, units of mutual fund, are tradable securities i.e. transferable . Non-transferable securities include bank deposits , company deposits, loans and advances of bank & financial institutions and post office certificates & deposits Capital market can be classified
Words: 11516 - Pages: 47
1. Introduction Since the “our profit is too embarrassingly high to disclose” statement by some half-witted bank executive, commercial banks in China are under intensive public scrutiny for undertaking a just business. The masses want something/somebody to blame for the gloomy economy, and the press simply want blood. I have served in Shanghai Pudong Development Bank (SPDB) as a corporate banking specialist for 5 years, thus my genuine acknowledgement of some complaints voiced by the public. Still
Words: 3380 - Pages: 14
