Difference Between Investment Banking and Merchant Banking Investment vs. Merchant Banking Bank is an organization that provides a range of financial and some non financial services to its customers. The main source of income, that makes the bank survive is the interest charged from those to whom the bank has given loan. A bank accepts deposits from its customers and pay interest to that deposited money, while it lends money to those who need finance and charge interest from them. The interest
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penetration With the help of Financial Inclusion Plan (FY10-13), the banking connectivity in India increased more than threefold to 211,234 villages in 2013 from 67,694, at the beginning of the plan period Source: Planning Commission, Aranca Research Note: ATM - Automated Teller Machine FY13 • Robust demand Growing demand Increase in working population and growing disposable incomes will raise demand for banking and related services Housing and personal finance are expected to remain key demand
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Sheet and Recent Trends A. Consumer Loans B. Residential and Commercial Mortgages C. Business Loans III. Regulation LECTURE NOTES LO – Compare and contrast finance companies to commercial banks using information throughout the chapter. I. INTRODUCTION LO – Know the definition of finance companies (basically, the contents of the following paragraph). ● The primary function of finance companies is to make loans to both individuals and corporations. Services
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National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India having headquarters based in Mumbai (Maharashtra)[3] and other branches are all over the country. The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), set up by the Reserve Bank of India (RBI) under the Chairmanship of Shri B. Sivaraman, conceived and recommended the establishment of the National Bank for Agriculture and Rural Development (NABARD)
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Sonali Bank Limited a state-owned leading commercial bank in Bangladesh. It is the largest bank of the country. Sonali Bank, the largest & leading commercial bank of the country, came into being in 1972 immediately after the emergence of Bangladesh as an independent state. A fully state-owned enterprise, the bank has been discharging its nation-building responsibilities by undertaking government entrusted different socio-economic schemes as well as money market activities of its own volition
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London money market. In simple terms, these are the rates at which various banks in London borrow funds from each other. It may happen that due to excessive withdrawals than deposits, a bank faces shortage of funds on a short term basis. So the bank has to borrow from its rival bank to cover this shortage of cash. On the other hand the bank with a surplus of cash can make an extra profit by lending its money to another bank. But in essence, LIBOR is much more than just an indicator of interbank borrowing
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the only official representative of the U.S. Treasury were the First Bank (1791-1811) and Second Bank (1816-1836). They were the sole source to issue and back official U.S. money. All other banks were either state or private organized with their own banknotes. As longs as money was deposited and withdrawn from the same financial institution there was no financial loss. But if depositors withdraw their money from a different bank, they never knew exactly what they would receive. As the U.S. grew
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and the fixed-income market caused by the turmoil in Asia. 4. WorldCom’s historic financials reflect substantial shifts in performance. 5. Currently WorldCom reflects a higher leverage ratio than the industry average. 6. The interest rate on the loan is lower than what the company can attain on the issue. 2. WHAT
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THE COMPANIES ORDINANCE, 1984 COMPANY LIMITED BY SHARES MEMORANDUM 0F ASSOCIATION OF XYZ BANK LIMITED I. The name of the company is XYZ BANK LIMITED. II. The Registered Office of the Bank will be situated in the Province of Punjab. III. The objects for which the Bank is established are to undertake any or all of the following business in or outside Pakistan: 1. To carry on the business of a "banking company" as defined by the Banking Companies Ordinance, 1962;
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president of the Wellington National Bank was considering a loan request from a customer also located in Wellington, New Zealand. The company, Hampton Machine Tool Company, had requested renewal of an existing $1 million loan originally to be repaid September 30, 2007. In addition to the renewal of the existing loan, Hampton was asking for an additional load of $350,000 for planned equipment purchases in October. Under the terms of the company’s request, both loans, totaling $1.35 million would be
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