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BASEL III : An Overview
Basel Committee on Banking Supervision (BCBS) introduced BASEL III in December 2010. This came out as an improved version of BASEL II. It especially focused on more sound financial stability and risk management in the banking sector after the financial crisis of 2007/08. BASEL III is also known as “A Global Regulatory Framework for More…
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BASEL II : A Glimpse of It
Basel II is an international business standard that requires financial institutions to maintain enough cash reserves to cover risks incurred by operations. The Basel accords are a series of recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The name for the accords is derived from Basel, Switzerland, where the…
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Fund Management : Concept, Types, Importance and Methods
Concept of Fund Management The fund is a pool of money set aside for a specific purpose. In banks and financial institutions, It is required to perform different activities in an organization. In a simple sense, a fund is the cash held, used, and set aside for different pre-determined or contingency situations. Fund management is…
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Fund Management : Concept, Types, Importance and Methods
Concept of Fund Management The fund is a pool of money set aside for a specific purpose. In banks and financial institutions, It is required to perform different activities in an organization. In a simple sense, a fund is the cash held, used, and set aside for different pre-determined or contingency situations. Fund management is…
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Role Of Banking Sector In Economic Development
Banking sector is a key component of the economic system of a country. They do not just collect and mobilize scattered and small savings of a country. They have a huge role to play in credit creation and capital formation. The lending business of banking sector always has positive and multiplier effects on national GDP…
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Different Modes of Payment
An individual or institution has to pay a certain amount to another person or institution at different times. Such payment is made by using different means or methods or instruments. These means, methods and instruments used by a customer to make payment to another party through a banking system are called modes of payment. Such…
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Credit Investment and Its Principles
What is Credit Investment? A bank acts as a bridge between those having surplus and those in shortage of funds or cash. It collects deposits from individuals and institutions through different deposit schemes. The cash collected through such schemes is given as a loan or credit to others after maintaining compulsory and needed reserves. Such…
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Deposit : Meaning, Types and Mobilization
Meaning of Deposit A deposit is an act of keeping or placing money with the bank. It is done through a bank account opened with the bank which may or may not provide interest to the depositor. Such accounts are opened as per the need of customers along with integrated facilities provided by a bank.…
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Customer Oriented Banking Service (COBS)
Just like any other business, customers are the core of the banking business too. It is for customers, all the products and services of banks have to be designed. Customers are the actual users and beneficiaries of such services. If a customer has to feel-good factor for a bank, it works as an inducer for…
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Bank : Meaning, Evolution, Importance and Types
Meaning of Bank bank is a financial institution dealing with money or monetary transactions. It is a licensed and regulated institution involved in accepting the deposit, creating credit and performing other monetary transactions. Bank collect money from those having a surplus of it and lend the collected money to those who are in a deficit…