) Foreign Trade Policy of India India’s foreign trade can be traced back to the age of the Indus Valley civilization. But the growth of foreign trade gained momentum during the British rule. During that period, India was a supplier of foodstuffs and raw materials to England and an importer of manufactured goods. However, organized attempts to promote foreign trade were made only after Independence, particularly with the onset of economic planning. Indian economic planning is nearing five decades’
Words: 1367 - Pages: 6
introduced in Kenya by the Central Bank (CBK). The main objective is to increase financial services outreach and to promote financial inclusion to the un-banked and under-banked population without risking the safety and soundness of the banking system. The concept is also geared towards encouraging financial institutions to use agents in the provision of banking services so as to reduce the cost of financial services and to foster financial inclusion, reach and depth. Commercial Banks worldwide offer similar
Words: 9078 - Pages: 37
OF COMMERCIAL BANKS The commercial banks are playing a decisive role in the transformation function. Their value is essential in function of the creation of new money, in replenishing and regulating of money supply. They value less as a function of ensuring the sustainability of banking and money market as the pursuit for high profits pushing them to the most risky operations. Therefore, in this function a decisive importance is own to in central bank, but the role of commercial banks also should
Words: 359 - Pages: 2
TABLE OF CONTENTS What is Monetary Policy 1 The Need for Monetary Policy 1 Monetary Policy Tools 2 Types of Monetary Policy 4 Should the Central Bank control the Money Supply or Interest Rate 7 Uses of Monetary Policy 9 Drawbacks of Monetary Policy 11 The Effectiveness of Monetary Policy 12 Monetary Policy of Pakistan 13 What is Monetary Policy Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest
Words: 3751 - Pages: 16
is because of the limitations of making 15 experts agree. This disjoint attribute has not prevented the report from being very constructive and direct in addressing very important policies and sensible issues relevant to reform. The paper has two central principles that the recommendation have been built on. The first is that policymakers have to consider how new regulations will affect not only individual firms, but also the financial setup as a whole. The second principal states that firms should
Words: 4495 - Pages: 18
The Islamic banks face a number of challenges. First, they have not yet been successful in devising an interest-free mechanism to place their funds on a short-term basis. They face the same problem in financing consumer loans and government deficits. Second, the risk involved in profit-sharing seems to be so high that most of the banks have resorted to those techniques of financing which bring them a fixed assured return. As a result, there is a lot of genuine criticism that these banks have not abolished
Words: 7083 - Pages: 29
Bangladesh at independence consisted of two branch offices of the former State Bank of Pakistan and seventeen large commercial banks, two of which were controlled by Bangladeshi interests and three by foreigners other than West Pakistanis with fourteen smaller commercial banks. The newly independent government immediately designated the Dhaka branch of the State Bank of Pakistan as the central bank and renamed it the Bangladesh Bank. The Bangladesh government initially nationalized the entire domestic banking
Words: 2936 - Pages: 12
Introduction to the Organization The banking sector remains always the most dominant sector of the financial sector. Hatton National Bank PLC (HNB) is Sri Lanka’s second largest private sector bank in terms of assets (behind Commercial Bank of Ceylon) and is the fourth largest amongst all banks (after accounting for the two state banks, Bank of Ceylon and Peoples’ Bank). HNB accounts for 10% of banking system assets. HNB provides a broad range of banking products and services in the areas of; Corporate
Words: 2761 - Pages: 12
Stuns Banks: Plans To Take Back The Power To Create Money Posted on April 13, 2015 by Jean By Raúl Ilargi Meijer Zero Hedge April 1, 2015 Submitted by Raul Ilargi Meijer via The Automatic Earth blog, Who knew that the revolution would start with those radical Icelanders? It does, though. One Frosti Sigurjonsson, a lawmaker from the ruling Progress Party, issued a report today that suggests taking the power to create money away from commercial banks, and hand it to the central bank and, ultimately
Words: 36517 - Pages: 147
activities, and to encourage cooperatives.” Toward this end, the Government shall encourage and assist in the esablishment of a system of rural banks which will place within easy reach and access of the people credit facilities on reasonbale terms. Since the establishment of the first rural bank in 1952, the rural banking system has played a pivotal role in developing the country’s rural areas through the following: 1. The extension of credit facilities to small farmers, merchants and rural
Words: 2336 - Pages: 10
