The Reserve Bnak Of India With Specific Reference To Credit Control Policy The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policyof the Indian rupee. It was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934.[4] The share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders.[5] Following India's independence in
Words: 1850 - Pages: 8
Commercial bank - bank that provides transactional, savings, and money market accounts and that accepts time deposits. Role of commercial bank: * processing of payments by way of telegraphic transfer, EFTPOS, internet banking, or other means * issuing bank drafts and bank cheques * accepting money on term deposit * lending money by overdraft, instalment loan, or other means * providing documentary and standby letter of credit, guarantees, performance bonds, securities underwriting
Words: 1098 - Pages: 5
Introduction Meaning of Negotiable Instruments Characteristics of a negotiable instrument Presumptions as to negotiable instrument Types of negotiable Instrument 1.5.1 Promissory notes 1.5.2 Bill of exchange 1.5.3 Cheques 1.5.4 Hundis 1.6 Parties to negotiable instruments 1.6.1 Parties to Bill of Exchange 1.6.2 Parties to a Promissory Note 1.6.3 Parties to a Cheque 1.7 1.8 Negotiation 1.7.1 Modes of negotiation Assignment 1.8.1 Negotiation and Assignment Distinguished 1.8.2 Importance of delivery in negotiation
Words: 64211 - Pages: 257
e Finance Notes: Week 1 (Chapter 1) The Financial System Chapter Aims • Outline the functions of the Australian financial system • Identify the elements of the Australian financial system Overview of Financial Systems • A financial system facilitates financial transactions through the creation and transfer of financial assets • The key elements of the Australian financial system are □ Financial instruments □ Financial markets □ Financial institutions
Words: 14903 - Pages: 60
Lecture 6 Lecture 6: Financing Growth – The Clarkson Lumber Case Outline for Today (Clarkson Lumber) • Case objectives • Understand what drives the need for cash: Clarkson needs cash, but has a good record of profitability • Evaluate Clarkson’s loan requirements and ability to repay • Link the short-term financial plan to evaluating the firm’s long-term goals • Practice basic skills in financial analysis • Review facts of case • Construct statement of cash flows • A closer examination of working
Words: 2122 - Pages: 9
industry was first established in 1781 with the Bank of North America in Philadelphia. Robert Morris was the first Superintendent of Finance and proposed that the Bank of North America would act as the sole fiscal and monetary agent for the government. Congress in 1791, chartered the First Bank of the United States to succeed the Bank of North America but failed to renew the charter for the Bank of the United States in 1811 when it expired. The Second Bank of the United States was opened in 1817 mainly
Words: 1129 - Pages: 5
1.&2. Why does MR. Butler have to borrow so much money to support this profitable business? Do you agree with his estimate of the company’s loan requirements? How much will he need to borrow to finance his expected expansion in sales? According to the given information in the materials, Mr. Butler expects the net sales in 1991 would be 3.6 million. So the expected growth rate will be 3600K/2679Kx100%=33.6%. EBIT =Net sales-cost of goods sold-operating expense Assuming the cost of goods sold, operating
Words: 2019 - Pages: 9
CHapter 13 FINANCIAL STATEMENT ANALYSIS Changes from Twelfth Edition Updated from Twelfth Edition. Porter Lumber, Inc. has been updated and renamed Butler Lumber. The Sears Roebuck vs. Wal-Mart and Quality Furniture Company cases have been dropped. Approach Although it is not possible to do this precisely, the financial statement analysis discussion is more coherent, we believe, if it is built around Illustration 13-1. The theme is that the financial statement proxy for shareholder
Words: 3746 - Pages: 15
Chapter 2 Notes: * Factors that affect Interest Rate is: * Opportunity Cost: 2.8% * Inflation: 2% * Risk: * Default Risk * Interest rate risk: Up and down arrow mark. Interest rate should include all of the above * Different securities have different kind of risk * Real Rate * Nominal Rate = Real Rate + Inflation, 5% = 3% + 2% * Mortgage Rate is highly correlated to 10 year treasury rate * LIBOR * Demand of the dollar is going
Words: 310 - Pages: 2
Departments In A Bank As soon as it becomes necessary, on account of volume of business, to divide the work in a bank into divisions, each employing a group of clerks, such division is organized into a department having a department head who is usually a teller, a head bookkeeper, or perhaps a junior officer. In the very large banks the executive staff is itself organized into groups, and there may be a vice - president and one or two assistant cashiers in charge of each important department. The
Words: 767 - Pages: 4
