Cost accounting ravi


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Cost accounting ravi

  3. 3. 1. Definition- Under English common law, a banker is defined as a person who carries on the business of banking on behalf of any person.2. Origin-3. History -
  4. 4. Forms of banking -1) Mesopotamia2) Egypt3) India4) China5) Greece6) Rome
  5. 5.  The traditional banking functions of accepting deposits, money lending, money changing, and transferring funds were combined with the issuance of bank debt that served as a substitute for gold and silver coins.
  6. 6. The sealing of the Bank of England Charter (1694)In 1694 led to the establishment of the Bank ofEngland. The Bank of England succeeded in raisingmoney for the government at relatively low rates.
  7. 7.  In 18th-century London the Bank of England had a monopoly over corporate banking, and even large partnerships were prohibited. But private banks, though relatively small, personal enterprises, continued to find profitable business in discounting merchants bills. In the latter half of the century small banks in country towns grew rapidly in number and needed "correspondent" banks in London with which they could deposit and invest funds. The London banks in turn settled accounts in Bank of England notes, and by the end of the century many kept their own deposit accounts with the Bank of England. A structure that led to the development of the concept of a central bank.
  8. 8.  In the nineteenth century, spurred at first by financing required for the Napoleonic wars and then by the explosion of railroads in Europe, banks evolved into large commercial entities, lending to the public, and often publicly traded. Jews were founders and leaders of many of the important early European banks, as well as significant banks in the United States. Several Jewish bankers became extremely influential, successfully competing with non-Jewish banking houses in the floating of government loans.
  9. 9. 1930s Great DepressionCrowd at New Yorks American Union Bankduring a bank run early in the GreatDepression. 1980s deregulation and globalisation Bishopsgate in the City of London
  10. 10. Globalisation:-In the late 18th century there was a massive growth in the banking industry. Banks played a key role in moving from gold and silver based coinage to paper money, redeemable against the banks holdings. Within the new system of ownership and investment, the states role as an economic factor grew substantially.20th century:-The first decade of the 20th century saw the Panic of 1907 in the US, which led to numerous runs on banks and became known as the bankers panic.
  11. 11. 21st century The banking industry is undergoing a rapid transformation worldwide propelled by two major factors: global convergence andinformation technology. The power of information technology isdriving the banking industry as never before, leading to faster, betterand cheaper banking services. The banking sector considers noboundary in the present economic scenario. ‘Universal Banking’ hasbecome a common phenomenon in the present economicenvironment.In the wake of the liberalization policies, the traditional andconservative face of Indian banking has undergone a significantchange. The Indian banking industry is undergoing a paradigm shiftin scope, context, structure, functions and governance. Theinformation and communication technology revolution is radicallychanging the operational environment of the banks. “Technologydriven” products have now become very common in the present
  12. 12. NO. Banking Services NO. Banking Services1. Automated Teller Machine (ATM) 13 Digital Payment System2. Tele Banking (DPS)3. Electronic Funds Transfer (EFT) 14 Cyber Cash4. ATM Card 15 Shared Payment Network System (SPNS)5. Credit Card 16 E-cheques6. Debit Card 17 Real Time Gross Settlement7. Point of Sale (POS) Terminal (RTGS)8. Demat Accounts9. Online Banking10. Clearing House Automated Payment System (CHAPS)11. Electronic Data Interchange12. Society for World Wide Inter-banking Fast Transfers (SWIFT)
  13. 13. WORLD :- Rank Bank Assets Date Country ($b) 1. BNP Paribas France 2,792.10 30/06/2011 2. HSBC Holdings UK 2,690.90 30/06/2011 India:-Rank Bank Number No. of Total Net Profit (Rs of Employee Incom Mn) Branches s e (MN)1. State Bank 9143 198774 431836 44067 of India2. ICICI Bank 557 25479 187676 25401 Limited
  14. 14.  Counting others money, keeping its record, en-cashing cheques and drafts cannot be an interesting work, someone may say cyni-cally. There cannot be personal involvement and originality in doing such a work, others may think. They may consider bank employees to be computers, adding and subtracting all the time. But this is decidedly a better career.
  15. 15. THANK