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Interbranch and Interbank Transaction
Interbranch Transaction A bank has a number of branches operating in different locations of a country. Sometimes two or more branches are involved in a transaction. These transactions performed with the involvement of two or more branches is called an inter-branch transaction. Such transactions involve either customer-related works or merely official transactions. A customer,/ can…
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Share : Understanding Its Basics
Meaning of Share Share is the smallest unit of the total capital of a joint-stock company. It is sold to the public so as to raise cash for the business. It can also be said as the smallest unit of company ownership. The person who purchases this smallest unit and provides funds to the company…
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Leadership and Its Significance in Management
Concept of Leadership Leadership is the process by which an individual influences another individual or a group of individuals. It is encouraging others to do work effectively of their own will. Leadership can also be said as an art of guiding others towards the direction of achieving organizational goals. Leadership is also a relationship between…
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Foreign Trade and Balance Of Payment (BOP)
Concept of Foreign Trade Foreign trade is the exchange of goods across national boundaries. It is an exchange of various specialized commodities and services rendered among the corresponding countries is known as foreign trade. Foreign trade is, in principle, not different from domestic trade as the motivation and the behavior of parties involved in a…
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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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Depreciation In Context Of Fixed Assets
Concept of Depreciation Every business owns some fixed assets. Fixed assets are those assets of permanent or long-term nature purchased to increase the production or productivity of a business. These are not for sale during the ordinary course of business. However, these can be disposed of off when they are not needed by the business.…
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Decision Making : Why A Crucial Aspect Of Management?
Meaning of Decision Making Different problems are confronted in day to day operation of an organization. Such problems can be solved through the best possible alternative course of action. The process of selecting the best course of action to solve any problem is called decision making. Decision making is the process of selecting a course…
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Consumption and Saving : Taking Some Notes on Them
What is Consumption? Consumption is one of the important concepts in economics. It is extremely important because it helps determine the growth and success of the economy. Consumption is the part of income that is devoted to goods and services to derive mental or physical satisfaction. It refers to the final purchase of goods and…
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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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Inventory Management – Things To Know
A business needs different types of materials to produce goods or services. These are called inventory. Such inventories could be in the form of raw materials, work in progress and finished goods. If such inventories are not available in time and required quantity, it hinders the production and sales proceeds of the company. Similarly, overstocking…