...Conventional Banking banking in two groups as follows 1) Islamic Banking 2) Conventional Banking. 1.1-ISLAMIC BANKING. When we discuss about Islamic banking... Save Paper Islamic And Conventional Banking Practice conventional and Islamic bank as a conventional bank is a riba based bank and an Islamic bank is a profit based bank. Conventional banking... Save Paper Stability Of Islamic And Conventional Banks During The Financial Crisis Islamic or conventional banks however, it has generally been seen that while conventional banks were wiped of several billions of dollars, Islamic banks ... different... Save Paper The Comparison Between Islamic Loans And Conventional Loans In Relation To Market Power Islamic economics and Islamic banks have grabbed the attention of millions of people around the world. That is because Islamic banks... Save Paper Comperative Study Of Corporate Social Activities Of Bank And Non Bank Financial Institute banks. Importance of Corporate Social Responsibility Abstract Companies are, in a broad sense, a group of different ... etc.), driving up efficiency; gaining new... Save Paper Is It Necessary To Combine Investment Banking And Commercial Banking? banks and investment banks to function as two different units. GSA was targeting to prevent banks... Save Paper Mobile Banking In Brack Bank banking event, the Excellence in Retail Financial Services Convention. Mr. Abdur Rahman, Head of Branch Banking of BRAC Bank...
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...Commercial Bank Commercial bank: Commercial bank mostly deals with deposits and loans from corporations or large businesses. Famous Commercial Banks of Pakistan are Muslim Commercial Bank(MCB),United Bank,Habib Bank. Functions of Commercial Banks: The functions of a commercial banks are divided into two categories: - Primary functions - Secondary functions including agency functions. - Primary functions: The primary functions of a commercial bank include: - accepting deposits; and - granting loans and advances The role of commercial banks Commercial banks engage in the following activities: * processing of payments by way of telegraphic transfer, EFTPOS, internet banking, or other means * issuing bank drafts and bank cheques * accepting money on term deposit * lending money by overdraft, installment loan, or other means * providing documentary and standby letter of credit, guarantees, performance bonds, securities underwriting commitments and other forms of off balance sheet exposures * safekeeping of documents and other items in safe deposit boxes * sale, distribution or brokerage, with or without advice, of insurance, unit trusts and similar financial products as a “financial supermarket” * cash management and treasury services * merchant banking and private equity financing * traditionally, large commercial banks also underwrite bonds, and make markets in currency, interest rates, and credit-related...
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...Investment Banking an American synonym of merchant banking. Investment banks provide advice on mergers and acquisitions and are involved in financing industrial corporations through buying shares and selling them in relatively small lots to investors. In the Bangladesh context, merchant banking includes all institutions that combine the functions of both development banking and investment banking. The securities and exchange commission, based on SRO No. 59 of 24 April 1996, and a decision taken by it on 17 August 1997, invited letters of intent from 14 institutions for registration of merchant banks. Prior to this decision, 7 institutions submitted such letters of intent and SEC gave registration to a total of 19.Investment banking companies in Bangladesh are of two types: open-ended and closed-ended. The open-ended ones, generally referred to as mutual funds, repurchase shares in any quantity as and when holders offer them for sales. Thus, the amount of shares of the open-ended investment companies in market changes continually in response to public demand. Closed-ended investment companies sell only a specific number of ownership shares. An investor wanting to acquire shares of a closed-ended investment company must find another investor who wishes to sell. Investment companies do not take part in the transaction. In addition to selling equity shares, closed-ended companies issue a variety of debt and equity securities including preferred stock, regular and convertible bonds...
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...Investment Banking: Past, Present, and Future by Alan D. Morrison, Saïd Business School, University of Oxford and William J. Wilhelm, Jr., McIntire School of Commerce, University of Virginia investment banks are changing fast. Forty years ago the industry was dominated by a few small partnerships that made the bulk of their income from the commissions they earned floating securities on behalf of their clients. Today’s investment banks are huge full-service firms that make a substantial proportion of their revenues in technical trading businesses that started to attain their current prominence only in the 1980s. The CPI-adjusted capitalization of the top ten investment banks soared from $1 billion in 1960 to $194 billion in 2000. Between 1979 and 2000, the number of professionals1 employed by the top five investment banks (ranked by capitalization) rose from 56,000 to 205,000.2 The enormous upheavals documented in the previous paragraph raise a number of difficult questions. What have the investment banks of today got in common with their predecessors? Is it possible to draw any meaningful parallels between businesses that today call themselves investment banks and the investment banks of 20, 40, or even 100 years ago? What is the source of the recent changes to the investment banking landscape, and can we say anything about the likely future direction of the industry? These questions point to a more fundamental one: namely, if investment banks did not exist, would we need to invent...
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...Real Estate and Financial Upheaval before/during and after the crash of 2008 Melvin Ramos Contents 1.0 Background 2 2.0 Real Estate Bubble 3 3.0 Contributors to the bubble 4 4.0 Monetary Policies before/during the crash 5 5.0 Shadow Banking Systems and Financial risks 6 6.0 Mortgage brokers and real estate brokers 7 7.0 During and after the crisis 8 8.0 Conclusion 9 References: 10 1.0 Background Real estate is industry is one of important industry that fuels economic growth in the US. It is accounted for 10% of US economic output. This 10% comprises not only owning homes but also employment numbers, and overall consumer consumption. We spend a lot of money maintaining our home and also consuming for daily living. This 10% is also a big number and can cause recession if the industry themselves gone to a downward spiral. It will add to unemployment, will reduce consumption causing tight credit, will decrease the values of homes, and causing a huge economic problems unless, Federal Reserve intervenes. Real estate market themselves are composed of the following players * Buyers and sellers * Financial brokers (usually mortgage brokers) * Financial institutions (Banks) * Construction industry * Real Estate brokers * Government (construction permits, fees and all other things related to compliance) * Lawyers and accountants * Land assessors and appraiser * And other players. 2.0 Real Estate Bubble ...
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...TATA Capital Ltd. - Company overview History Tata Capital Limited is a subsidiary of Tata Sons Limited. The Company is registered with the Reserve Bank of India as a Systemically Important Non Deposit Accepting Core Investment Company and offers through itself and its subsidiaries fund and fee-based financial services to its customers. Headquartered in Mumbai, it has registered offices of its subsidiaries in Singapore and London. It is a trusted and customer-centric, one-stop financial solutions partner. It caters to the diverse needs of retail, corporate and institutional customers directly or through its subsidiaries. Core Value: ‘We only do what’s right for you’ (“Karein Wahi Jo Aapke Liye Sahi”) The Tatas are amongst the most respected business houses in the world. Tata Capital aims to bring the trust and expertise of the Tatas to an economically and socially relevant sector like financial services. The essence of brand Tata Capital is encapsulated in our brand proposition – ‘We only do what’s right for you'. The proposition reflects our strong resolve to deliver financial solutions that are ‘right’ for our customers and the society at large. Tata Capital seeks to build strong relationships with its customers and deliver superior and consistent customer experience across all products and touch-points. Vision The most admired financial solutions partner. Mission We will only do what’s right for all our stakeholders, including our employees, customers...
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...Term Paper on Merchant Banking and Investment Banking Operation in Bangladesh Course Name: Law and Practice of Banking Course Code: F-209 SUBMITTED TO: Ms. Tazrina Farah Assistant Professor, Department of Finance University of Dhaka SUBMITTED BY: Group no:08 , Section: B Batch: 19th Department of Finance University of Dhaka Date of submission: November 13, 2014. Group Profile: SL | Name | ID | Remarks | 01 | Mohammad Monirul Islam Monir | 19-030 | | 02 | Md. Arif Sarder | 19-036 | | 03 | Adnan Al Rahin | 19-068 | | 04 | Zahid Hossain Joy | 19-096 | | 05 | Nargis Mahmuda | 19-116 | | 06 | Aftab Hossain | 19-120 | | 07 | Imran Bhuyan | 19-144 | | 08 | Faisal Amin | 19-162 | | 09 | Chandan Kumar Roy | 19-164 | | 10 | Md. Fakhrul Islam | 19-190 | | 11 | Debopriyo Paul Utsha | 19-206 | | 12 | Noor Mohammad | 19-256 | | Letter of Transmittal November 13,2014 Ms. Tazrina Farah Assistant Professor, Department of Finance, University of Dhaka. Subject: Submission of term paper. Dear Madam, This is a report on “Merchant Banking and Investment Banking Operation in Bangladesh” for fulfilling course work of BBA program and it is our pleasure to present such before you. We have prepared this report based on the data gathered from interviewing two higher officials of IDLC Financing Limited and BRAC EPL Investment Limited(BEIL) . For the preparation of the term paper, we have focused on the information found to be reliable and valid. We truly appreciate...
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...Mudaraba-based Investment and Finance by A.L.M. Abdul Gafoor* In any economy, private investment occurs in two different ways: active investment, where one or more persons put their own capital into a project, manage it themselves and enjoy the fruits of their labour and capital themselves; and passive investment, where the investor provides the capital and receives a return but takes no further part in the project. Broadly speaking, a passive investor has three options: one, buy shares in a company and receive a dividend; two, buy bonds or securities and receive interest; three, deposit in a bank and receive interest. In an Islamic economy, active investment and the first option are permissible while the last two options would be regarded as riba (interest) income and therefore prohibited. On the entrepreneur side, he may finance his project using his own capital, by selling shares in his enterprise, or by borrowing on interest (from a bank or by issuing bonds/securities). In an Islamic setting, the first two methods are permissible while the last is not. For clarity the scenarios are depicted in Tables 1 and 2. Table 1. Investment options for capital-holders Type of investment Mode of investment Type of return on capital Islamic position Active investment In own enterprise Profit or loss from the enterprise Allowed Passive investment Shares in a company Dividend (profit or loss) from the company Allowed Bonds/securities Fixed positive return (riba)...
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...A PROJECT REPORT ON ANALYSIS OF MERCHANT BANKING IN INDIA SUBMITTED TO:Ms. Kavya Saini Submitted by:Kapil Baheti MBA 08/1808 2010 2012 A PROJECT REPORT ON ANALYSIS OF MERCHANT BANKING IN INDIA Department of commerce, kurukshetra University Kurukshetra ( Haryana) Under The Supervision Of :Mrs. Kavya Saini Submitted by:Kapil Baheti ] A PROJECT REPORT ON ³ANALYSIS OF MERCHANT BANKING IN INDIA´ Under The Supervision Of: - Submitted by:- Mrs. Kavya mam Kapil Baheti SUBMITTED TO:- International School of Infomatics & Management CONTENTS Sr.No. Page No. y y y y Chapter I Preface Guide Certificate Declaration Acknowledgement Introduction (Conceptual Framework) y y y y y Chapter II Chapter III Introduction Significance of the study Merchant Banking in India Focus of the Study Conceptualization literature Review Objective &Methodology y y y y Objective of the study Research design Sample size & Technique Data collection (Primary & Secondary) Chapter IV Data Presentation & Analysis Chapter V Implications & Conclusions Chapter VI Bibliography PREFACE The research studies are of a great help in enhancing the knowledge of a person. Practical knowledge is a suffix to theoretical knowledge. Classroom lecturers clarify the fundamental concepts of management. But classroom lectures must be correlated with the practical research situation. It is...
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...Short Communications ERP FOR BANKING INDUSTRY Subodh Kesharwani Enterprise Resource Planning application software is appropriate for organizations in all economic sectors including banking industry. This wide applicability is largely possible as ERP offers considerable flexibility to customize the software by tailoring it to the individual organizational needs. In this short review paper, it is attempted to enumerate potential and prospects of ERP system in the banking industry which is generally done after its system integration with other IT and web-enabled banking systems. Downloaded From IP - 115.248.73.67 on dated 30-Nov-2010 Members Copy, Not for Commercial Sale www.IndianJournals.com INTRODUCTION Banking broadly covers deposits, lending services and money transmission. Banks play a crucial role in mobilizing and distributing a nation’s wealth to ensure a healthy growing economy. Banks normally have large branch networks, many of them comprising over a thousand branches. A bank customer can an individual or an organization with a current or similar account with the bank (Lipscombe & Pond, 2005). ERP systems in business are typically used with an internal perspective and less with external perspective. However, in banks the applications are more with external perspective as a bank deals with money that is transferred from person to person, from business to business and from country to country. A national banking system consists of thousands of individual...
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...Islamic Banking: Answers to Some Frequently Asked Questions 9 ISLAMIC DEVELOPMENT BANK ISLAMIC RESEARCH AND TRAINING INSTITUTE ISLAMIC BANKING: ANSWERS TO SOME FREQUENTLY ASKED QUESTIONS Mabid Ali Al-Jarhi and Munawar Iqbal Occasional Paper No.4 1422H 2001 Mabid Al-Jarhi and Munawar Iqbal 10 Islamic Banking: Answers to Some Frequently Asked Questions 11Mabid Al-Jarhi and Munawar Iqbal 12 Islamic Banking: Answers to Some Frequently Asked Questions 13 FOREWORD In the last quarter of a century, there has been a great interest in the Islamic banking system both at private and public levels. There is an earnest and widespread desire to understand the system. Academicians, bankers and general public, all, have some genuine questions and concerns. Policy makers in the monetary and financial sectors of the IDB member countries have also often asked the Islamic Research and Training Institute (IRTI) some basic questions of theoretical and practical importance about the elimination of interest from the national economies of Muslim countries and the transformation of the prevailing conventional system to an Islamic one. Some of these questions reflect a desire to understand the basic concepts of Islamic finance while others relate to the creation of an enabling environment through macroeconomic reform and structural adjustments that are needed to establish the Islamic financial system and the complications that arise when an effort is made to bring about the transformation...
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...GUIDELINES FOR CONDUCTING ISLAMIC BANKING Section I Introduction to Islamic Banking Islamic Banking has experienced a phenomenal growth and expansion in Bangladesh in the backdrop of strong public demand and support for the system along with its gradually increasing popularity across the world. As a result, a number of full-fledged Islamic Banks has been established, while a good number of conventional banks have come forward to offer services compliant with Islamic Shariah through opening of Islamic branches along with conventional ones. There is also a trend of conversion of conventional banks into Islamic bank. It has, therefore, become necessary to ensure that activities of the fast growing Islamic Banks are carried out properly and uniformly according to the principles of Islamic Shariah. With this end in view, Bangladesh Bank constituted a Focus group comprising representatives of the central Bank, a number of Islamic Banks and the Central Shariah Board for Islamic Banks of Bangladesh to formulate an integrated guideline for conducting banking business of the Islamic Bank/Islamic bank branches of conventional banks. Based on the recommendations of the Focus group this guideline embodying different terminologies used in Islamic Banking operations, definitions of the terminologies, the principles and modes of deposits and investments has been prepared. It also dwelt upon the issues of liquidity, maintenance of books of accounts and preparation of financial statements...
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...like Bangladesh the Investment banking play a vital role in the progress of economic development. In this paper we have tried to analyze the role of investment banking and how it influences economic development of a country. Investment bank is a financial intermediary that performs a variety of services. Investment banks specialize in large and complex financial transactions such as underwriting, acting as an intermediary between a securities issuer and the investing public, facilitating mergers and other corporate reorganizations, and acting as a broker and/or financial adviser for institutional clients. Major investment banks include Barclays, BofA Merrill Lynch, Warburgs, Goldman Sachs, Deutsche Bank, JP Morgan, Morgan Stanley, Salomon Brothers, UBS, Credit Suisse, Citibank and Lazard. Some investment banks specialize in particular industry sectors. Many investment banks also have retail operations that serve small, individual customers. It indicates the prospect of investment bank is very high because long term relationships between business firms and investment banks are pervasive in developed security markets. A vast literature argues that better monitoring and information result from relationships. Thus, security markets should allocate resources better when an investment banking industry exists. We study necessary conditions for sustainable relationships and then explore whether policy can do something to foster them. 1. Introduction An investment bank is a financial...
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...INSPECTION DEPARTMENT CENTRAL OFFICE Inspection Department was set up along with the formation of the Reserve Bank of India in 1935. Objectives The objectives of the Department are: To assess in clear terms the achieved and achievable performance of the Offices/branches and Central Office Departments with the available resources. To suggest appropriate improvements so that performance level could be enhanced further. To oversee the overall Audit function and its various mechanisms put in place. To give feedback to the Top Management on the performance of Offices and Central Office Departments. Streams of Inspection in the Bank Presently, the following types of inspections are carried out/co-ordinated by the Inspection Department as per the periodicity indicated against them. • Management Audit & System Inspection • Information System Audit • Snap Audit • Concurrent Audit • Control Self Assessment Audit Management Audit & System Inspection Under the Management Audit and System Inspection (MA & SI), the inspection teams examine, evaluate and report on the adequacy and reliability of the existing systems and follow-up to ensure that laws, regulations, internal policies and procedures are meticulously followed and the work is carried out as per defined procedures and Central Office instructions. Apart...
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............................................................. 5 More Recent Times ................................................................................................................................... 6 Who’s Who List of Former Goldman Sachs Executives ................................................................................ 7 Business Segments ........................................................................................................................................ 9 Investment Banking ................................................................................................................................ 10 Financial Advisory ................................................................................................................................... 12 Underwriting ........................................................................................................................................... 12 Trading and Principal Investments.......................................................................................................... 13 Fixed Income, Currency and Commodities (FICC)...
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