Some Regulation Banking Act of India
June 5, 2009
Banking Regulation Act of India, 1949 defines Banking as “accepting, for the purpose of lending or investment of deposits of money from the public, repayable on demand or otherwise and withdrawable by cheques, draft, order or otherwise.”The law governing Banking Activities in India is called as “Negotiable Instruments Act 1881″. Following are the major activities of banks:
# Borrowing or raising of money
# Lending or advancing of money with or without security
# Drawing, accepting, discounting, buying, selling and collecting bills of exchange, hundis, promissory notes, drafts, and other instruments
# Granting and issuing of letters of credit, circulars notes and travelers’ cheques
# Buying and selling of foreign exchange Read more
Business Banking
May 30, 2009
Start to have your own business maybe one of ways that people like to take, beside that business banking because this could be support you. But you should know some nformations before you have a plan to applying business bank account becausehere you should explai about business that you are planning to run and also the activities that you are taking. Beside that you should explain the fund came from to start your business, actually this are some informations that could be make sure the bank.
Most of bank account managers will also ask to see your business plan, the business plan here usually includes :
* outline of your business
* goals of your business
* are your business has short or long term plan (overviews)
* what is the strategy to reach your goals
If all OK and bank deal with all your business plan, they will trust you and seeing the develop of your business. Everything Ok and you will get your bank acounts but here you also must fullfil some document that make this walk with balaces fot both. Read more
A Banking Scorecards
May 29, 2009
Speaking about banking there a lot of matter that usually deal with finances, and one of the problems that I wanna tould you are scorecards. A banking is always developing customers driven business strategies that aim to minimize operational risk and maximize profitability all the same.
The strategy that always used in banking are an effective and effisien that can make some benefits at the market segments and raise revenue throught cross sell from new ventures, minimize costs, losses and defaults and identify weak points for further improvement. Beside that here you also should have some management suppose you never get the big risk. So risk manage here can help create continuous risk reporting system that can provide access to a wide range of reporting data in a consistent and centralized source. Read more