problems facing the finance industry. Those problems include cybersecurity, compliance with regulation, and risk management. Three solutions will also be addressed later in this paper. 1 When one thinks about the finance industry, banks, credit agencies, insurance companies, and equity firms may come to mind. Over the years financial institutions have not been up to par. With the financial crisis that happened in 2008, the world is still recovering and paying high taxes for the amount
Words: 2377 - Pages: 10
Ruth Krusen was ahead of big challenge. She had to decide whether Republic National Bank of Dallas (RNB) had to adopt new types of account system which was an innovation in 1977. Her main task was to find out impacts of NOW accounts on RNB’s revenue. NOW accounts were hard to adopt and was associated with several problems. NOW accounts became popular in 1972, it was better system then regular checking and savings account, it saved transaction fees and people realized that it was really a good thing
Words: 631 - Pages: 3
Offshore financial market of RMB Thanks to globalization, people can do business all around the world and the business dealing with foreign currencies has gradually emerged. Those business activities are known as offshore finance. Offshore financial centers (OFCs) are where these activities accumulates. According to Ahmed Zoromé, IMF Working Paper/07/87, an OFC is a country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing
Words: 1572 - Pages: 7
an internship program of 3 months duration. As practical orientation is an integral part of BBA degree requirement, I was sent to IFIC bank, Lalmatia Brunch to take real life exposure of the activities of financial institution from 01, June 2014. 1.2 Background of the Study: Modern banks play an important part in promoting economic development of a country. Banks provide necessary funds for executing various programs underway in the process of economic development. Economy of Bangladesh is in the
Words: 5565 - Pages: 23
A Project Report On A project study on “BANKING AT HDFC BANK LTD.” Submitted by: XXXXXX XXXXXXX XXXXX University, Mumbai MBA in Banking (Finance) DECLARATION I undersigned XXXXX XXXXX student of MBA 3rd semester declare that I have done the project on “ BASIC BANKING AT HDFC BANK LTD.” has been personally done by me under the guidance of Prof. XXXXX XXXXXXX rajkot in partial fulfillment of MBA Program- during academic year-2008-10. All the data represented
Words: 12219 - Pages: 49
Differences between Banks’ Current and Credit Accounts Student’s Name School Affiliation Differences between Banks’ current And Credit Accounts Through the use of technology, there has been a revolution on how money is used on a day to day basis. Banks have capitalized on this developing trend by offering various products and services that cater to individual needs and wants (Herman, 2005). In addition to this, they have developed enticing incentive offers
Words: 1606 - Pages: 7
fast financial transactional channel for mobile users which is accessible from anywhere, anytime. Checking account information, balance available, credit/debit card information, cheque status, setting alerts , payment reminders, locating ATMs and bank branches, accessing mini statement, accessing loan and equity statements, insurance policy management, placing orders for cheque books etc via mobile phones are some of the services offered in mobile banking. With multiple access channels such as SMS
Words: 1809 - Pages: 8
(AIs): licensed banks, restricted licence banks and deposit-taking companies. The main distinction between these three types of AIs lies in the activities they are allowed to conduct under the Banking Ordinance: • Only licensed banks may provide current and savings accounts; accept deposits of any size and maturity from the public, pay or collect cheques; and use the name “bank” without restriction. According to the Deposit Protection Scheme Ordinance, only licensed banks can, and are required
Words: 275 - Pages: 2
completion of internship program. We were assigned to Islami Bank Bangladesh Limited to complete the program. As a student of BBA, internship is an academic requirement. For doing internship we were sent to the Islamic Bank Bangladesh, New Market Branch, Dhaka under the supervision of Mohammad Ali Biswash, SPO, Islami Bank Bangladesh Limited, New market Branch, Dhaka. The completion of our general class for internship program in Islamic Bank Training and Research Academy (IBTRA), the IBTRA authority
Words: 17715 - Pages: 71
Chapter One Introduction, Products & Offerings of Prime Bank Limited 1. Introduction The Jews in Jerusalem introduced a kind of banking in the form of money lending before the birth of Christ. The word 'Bank' was probably derived from the word 'bench' as during ancient time Jews used to do money -lending business sitting on long benches. First modern banking was introduced in 1668 in Stockholm as 'Svingss Pis Bank’, which opened up a new era of banking activities throughout the European
Words: 11827 - Pages: 48