A banker is an organization that accepts deposits from the public and uses those funds to lend or invest. A customer is anyone who has an account with the bank. The relationship between a banker and customer takes on several roles - debtor-creditor when the bank accepts deposits, trustee-beneficiary when the bank manages a customer's money, agent-principal when the bank acts on a customer's behalf, bailee-bailor regarding safe deposit boxes, and lessor-lessee regarding locker rentals. Bankers have obligations to honor checks, maintain secrecy, and protect against employee fraud. They also have rights like bankers' liens, setoff of accounts, and appropriation of deposits in the absence of instructions
This document discusses key definitions and concepts related to banking law and the banker-customer relationship in India. It defines a banker according to Sir John Paget and defines a customer based on the "duration theory". It outlines general characteristics of the banker-customer relationship including that the banker is a privileged debtor, has the right of set-off, and can lend deposited funds. It also discusses special characteristics such as the banker's obligation to honor checks, maintain account secrecy, exercise lien, and charge incidental fees. The document provides context and examples for understanding these important banking law concepts in India.
Bankers have important rights and obligations regarding their customers. Some key rights include the right of lien, which allows bankers to retain customer goods/securities until debts are repaid, and the right of set-off, which lets bankers adjust debit and credit balances in different customer accounts. Bankers also have obligations like honoring customer checks if sufficient funds are available and maintaining secrecy of customer accounts, though some disclosure is permitted by law or to protect the banker's interests.
This document discusses the banker-customer relationship. It defines a customer as someone who has an account, such as a deposit or current account, with a bank. It outlines the qualifications needed to be a customer, including not being a minor and being of sound mind. The rights of customers include drawing checks against their credit balance and suing the bank for wrongful dishonor of checks or lack of secrecy. Duties of customers include timely check presentation and safekeeping of checkbooks. The rights of bankers include lien and set-off. The relationship can terminate via notice, death, insanity, insolvency, court order, or unsatisfactory operations.
1. The document discusses the relationship between bankers and customers. It defines a banker as a person who provides financial banking services and works in a bank. A customer is the recipient of goods, services, or products from a seller or supplier via a financial transaction.
2. The relationship between bankers and customers involves different roles - debtor and creditor when a customer deposits money in their bank account, pledger and pledgee when a customer pledges assets for a loan, and agent and principal when a banker performs services on a customer's behalf like buying securities.
3. Bankers also have obligations to customers like honoring checks if funds are available, maintaining secrecy of customer accounts, and charging incidental fees for
The document defines key terms related to banking. It describes banking as accepting deposits from the public that are repayable on demand, and lending or investing that money. A customer is a person who has a bank account and the bank provides regular banking services to them. The relationship between a banker and customer involves different roles - as debtor and creditor based on accounts, as trustee for certain transactions, and as an agent when performing services for the customer like collecting checks. Bankers have obligations to honor customers' checks if certain conditions are met, and to maintain secrecy of customer accounts with some reasonable exceptions.
A banker is an organization that accepts deposits from the public and uses those funds to lend or invest. A customer is anyone who has an account with the bank. The relationship between a banker and customer takes on several roles - debtor-creditor when the bank accepts deposits, trustee-beneficiary when the bank manages a customer's money, agent-principal when the bank acts on a customer's behalf, bailee-bailor regarding safe deposit boxes, and lessor-lessee regarding locker rentals. Bankers have obligations to honor checks, maintain secrecy, and protect against employee fraud. They also have rights like bankers' liens, setoff of accounts, and appropriation of deposits in the absence of instructions
This document discusses key definitions and concepts related to banking law and the banker-customer relationship in India. It defines a banker according to Sir John Paget and defines a customer based on the "duration theory". It outlines general characteristics of the banker-customer relationship including that the banker is a privileged debtor, has the right of set-off, and can lend deposited funds. It also discusses special characteristics such as the banker's obligation to honor checks, maintain account secrecy, exercise lien, and charge incidental fees. The document provides context and examples for understanding these important banking law concepts in India.
Bankers have important rights and obligations regarding their customers. Some key rights include the right of lien, which allows bankers to retain customer goods/securities until debts are repaid, and the right of set-off, which lets bankers adjust debit and credit balances in different customer accounts. Bankers also have obligations like honoring customer checks if sufficient funds are available and maintaining secrecy of customer accounts, though some disclosure is permitted by law or to protect the banker's interests.
This document discusses the banker-customer relationship. It defines a customer as someone who has an account, such as a deposit or current account, with a bank. It outlines the qualifications needed to be a customer, including not being a minor and being of sound mind. The rights of customers include drawing checks against their credit balance and suing the bank for wrongful dishonor of checks or lack of secrecy. Duties of customers include timely check presentation and safekeeping of checkbooks. The rights of bankers include lien and set-off. The relationship can terminate via notice, death, insanity, insolvency, court order, or unsatisfactory operations.
1. The document discusses the relationship between bankers and customers. It defines a banker as a person who provides financial banking services and works in a bank. A customer is the recipient of goods, services, or products from a seller or supplier via a financial transaction.
2. The relationship between bankers and customers involves different roles - debtor and creditor when a customer deposits money in their bank account, pledger and pledgee when a customer pledges assets for a loan, and agent and principal when a banker performs services on a customer's behalf like buying securities.
3. Bankers also have obligations to customers like honoring checks if funds are available, maintaining secrecy of customer accounts, and charging incidental fees for
The document defines key terms related to banking. It describes banking as accepting deposits from the public that are repayable on demand, and lending or investing that money. A customer is a person who has a bank account and the bank provides regular banking services to them. The relationship between a banker and customer involves different roles - as debtor and creditor based on accounts, as trustee for certain transactions, and as an agent when performing services for the customer like collecting checks. Bankers have obligations to honor customers' checks if certain conditions are met, and to maintain secrecy of customer accounts with some reasonable exceptions.
The document discusses key concepts in US bankruptcy law, including:
1) Chapter 11 bankruptcy allows for reorganization of a business while Chapter 7 involves liquidation of assets. Chapter 11 is increasingly being used for liquidations through selling the business as a "going concern".
2) Upon filing for bankruptcy, an automatic stay is put into place that prevents creditors from collecting pre-petition debts or taking other collection actions without court approval.
3) Debtors often file "first day motions", including motions to approve debtor-in-possession (DIP) financing to continue operating during bankruptcy. Courts usually approve DIP financing to allow debtors to continue operating.
4) The document provides an overview
A banker is defined as a body corporate that accepts deposits from the public, lends money, invests deposited funds, and allows withdrawals. A customer is an individual or organization that conducts banking transactions. There are four types of customers: existing account holders, former account holders, non-account visitors, and prospective account holders. The core relationship between a banker and customer is that of debtor and creditor when a deposit is made, and creditor and debtor when a loan is given. Additional relationships include bailee and bailor regarding secured assets, and agent and principal regarding services performed on a customer's behalf.
This presentation discusses repayment of loans, interest rates, and penalties. It defines key terms like loan, repayment, interest rate and protection against penalties. It describes different types of loans and interest rates, as well as factors affecting interest rates. It discusses fixed versus floating interest rates and the purpose of prepayment penalties for lenders. The presentation provides an example case law and concludes that repayment usually consists of periodic payments of principal plus interest, while failure to repay can damage credit ratings.
Working capital represents a company's short-term liquidity and is used to finance day-to-day operations. The two main sources of working capital finance are trade credit and bank borrowing. Trade credit involves suppliers extending credit to customers, and is an important source of financing especially for small businesses. Banks provide working capital financing through various facilities like overdrafts, cash credits, bill discounting, and loans. Banks follow guidelines from committees like Tandon and Chore to regulate working capital lending and ensure prudent financing.
The document discusses non-fund based credit facilities provided by banks, including letters of credit, guarantees, and co-acceptance of bills. It provides details on:
1) How these facilities work and the parties involved, including the applicant, issuing bank, beneficiary, advising/confirming/negotiating banks.
2) Guidelines from the Reserve Bank of India for these facilities, focusing on eligibility criteria for customers and banks' obligations.
3) Specific requirements for letters of credit, guarantees, and co-acceptance of bills.
The document discusses the banker-customer relationship. It defines a banker as someone who receives deposits and honors cheques/drafts subject to fund availability. A customer is anyone who has an account with the bank.
The key relationships between a banker and customer are:
1) Creditor-debtor, with the customer as creditor when making deposits, and debtor when taking loans
2) Principal-agent, when the bank provides services like bill payments on behalf of the customer
3) Other special relationships can include bailee-bailor for safe deposit boxes, pawnee-pawner for assets pledged as collateral.
The bank has obligations to maintain customer confidentiality, honor checks
This document discusses the relationship between banks and their customers. It outlines that banks core business is accepting deposits from the public and utilizing those deposits to lend to borrowers or make investments. There are two types of deposits - demand deposits which are payable on demand like current accounts, and time deposits which are held for a specified period of time. The document then discusses the various roles and relationships that exist between banks and customers such as debtor-creditor, principal-agent, bailee-bailor, and more. It also outlines the rights and obligations of both banks and customers in the relationship.
Fixed deposit (FD) is a type of deposit which can be withdrawn only after a pre-defined tenure and attracts a higher interest rate when compared to savings account. The minimum period for placing these deposit is 7 days while the maximum period is 120 months. A recent study indicates that banks are now free to determine the rate of interest to be offered on FDs. Banks may offer deposits on a floating rate, interest shall be paid on quarterly or longer rests and interest is calculated on daily balance. Further, scheduled banks with a total deposit of less than Rs 25 crores are permitted to give an additional ½% interest. When the amount paid to the individual is in excess of Rs 10,000 bank has to deduct tax at source if the depositor has not submitted Form 15H or 15G or certificate u/s197(1) of the Income Tax Act 1961. Banks have the discretion to disallow premature withdrawal of large deposits other than individuals and Hindu Undivided Family (HUF). On maturity if the bank does not receive any intimation from the depositor then such deposits are recorded as overdue deposits in the books of the bank. Banks can grant loans by taking FD as a security. However, there are certain prohibitions to raising Fixed Deposits: banks cannot launch deposits with freebies such as free lunch and trips, for example.
The relationship between a banker and customer is contractual in nature, governed by the Negotiable Instruments Act and Indian Contract Act. A customer is anyone who opens an account with a bank.
The essence of the relationship is the bank's obligation to honor the customer's cheques, as long as sufficient funds are available. The banker acts as a debtor to the customer creditor, and has duties of confidentiality, honoring cheques, and supplying account statements.
The banker can dishonor cheques in certain situations like insufficient funds, ambiguity, or notice of customer death. A paying banker makes payment on a cheque, while a collecting banker receives payment on behalf of a customer. Collecting bankers have protection from liability
The document discusses various types of commercial financing facilities including:
1. Temporary bridge financing which provides short-term funds until a subsequent longer-term loan.
2. Running finance/overdraft facilities which allow customers to temporarily overdraw their account up to an approved limit.
3. Demand/line of credit loans which are payable on demand or within 90 days and are used to finance inventory and receivables.
4. Term loans which are used for specific purposes like acquiring machinery and have maturities of 5+ years.
5. Discounting of bills of exchange which allows banks to earn interest by advancing funds to customers against bills that are then paid back on the maturity date.
Chapter_2_Overview of Commercial Banks_2022.pptxShetuBiswas3
This document provides an overview of commercial banks, including their definition, functions, and trends affecting them. It defines commercial banks as financial institutions that accept deposits and use those deposits to grant loans and offer other financial services. The key functions of commercial banks are described as primary functions like receiving deposits and advancing loans, agency functions like payment services, and general utility functions like letters of credit. The document also discusses credit creation by commercial banks and the credit multiplier effect. It concludes with a brief mention of trends affecting commercial banks.
This document provides an overview of loans and advances offered by commercial banks. It defines loans as amounts borrowed that are intended to be repaid over time, while advances are short-term credit facilities repaid within one year. Loans and advances help meet both short-term working capital needs as well as long-term needs through products like cash credits, overdrafts, and term loans. Banks also lend money by discounting bills of exchange. To ensure repayment, banks typically require security in the form of tangible assets pledged by the borrower.
Cash credit is a short-term loan that allows businesses to withdraw funds from their account even if there are insufficient funds. It is determined based on the value of securities provided. Overdraft is a credit facility that allows individuals to continue withdrawing funds even if their account balance is zero, up to a set limit. Bank guarantees ensure that a debtor's liabilities will be paid if they default, with three parties involved: the surety (guarantor), principal debtor, and creditor/beneficiary. Common types of guarantees include advance payment, payment, credit security, rental, and performance guarantees. Cash credit and overdraft both finance working capital and allow credit withdrawals up to a limit, but cash credit is longer-term
The document provides an overview of education loans, including their purpose, tax benefits, and tips for planning an education loan. It begins by stating that the purpose of education loans is to provide financial assistance to deserving students to pursue higher education. It describes that interest paid on education loans is tax deductible under Section 80E of the Indian Income Tax Act without any limit. Some tips for planning an education loan include assessing one's career interests and skills, researching occupations and educational programs, and planning for education costs. The document aims to help students and parents understand education loans and make informed decisions about financing higher education.
Bounced cheque no longer punishable by law in UAEAhmedTalaat127
Commercial Transactions Law revisions that decriminalize issuing cheques without adequate cash (bounced cheque) have been implemented by Dubai courts. Cheque beneficiaries or bearers do not have to initiate criminal or civil charges for non-payment of the cheque following Federal Law No. 14 of 2020, revised in October 2020. Alternatively, they may approach the court’s execution judge directly to get an order directing payment of the cheque’s total amount or any leftover balance.
Cheque bearers are entitled to receive partial payments from banks if they have enough money in their account to do so unless they object.
This document provides an overview of US bankruptcy law, including:
1. Chapter 7 bankruptcy provides for liquidation of assets to pay creditors.
2. Chapter 11 bankruptcy allows businesses to restructure debts while remaining operational.
3. There are eligibility requirements to file for different chapters, including income-based means tests for Chapter 7.
The document discusses various sources of working capital finance including trade credit, accrued expenses, deferred income, bank borrowings, factoring of receivables, commercial paper, and cash credit. It explains key concepts such as trade credit terms, costs and benefits of trade credit, accrued expenses and deferred income, cash credit facilities that allow borrowing against a sanctioned limit, and methods of securing bank loans such as hypothecation, pledge, mortgage, and lien. The document provides formulas for calculating costs of foregoing cash discounts and outlines different sources of working capital available to firms from banks.
The document discusses various sources of working capital finance including trade credit, accrued expenses, deferred income, bank borrowings, factoring of receivables, commercial paper, and cash credit. It explains key concepts such as trade credit terms, costs and benefits of trade credit, accrued expenses and deferred income, cash credit facilities that allow borrowing against a sanctioned limit, and methods of securing bank loans such as hypothecation, pledge, mortgage, and lien. The document provides formulas for calculating costs of foregoing cash discounts and outlines different sources of working capital available to firms from banks.
Goodwill arises when a company acquires another company at a price higher than the fair market value of its tangible and identifiable intangible assets. It represents the future economic benefits from assets that are not individually identified and separately recognized. Goodwill is an intangible asset that is reported on the acquiring company's balance sheet.
02 banker customer realtion ship and special types of accountsVikash Kumar-IB
Retail banking provides mass-market banking services to individual customers through local branches. It aims to offer a wide range of financial products like savings and checking accounts, loans, credit/debit cards, and investments. Retail banks also provide services like wealth management. Key products offered are various loan types, deposit accounts, debit cards, mutual funds, insurance, and bill payment services. The relationship between a banker and customer involves obligations on both sides. A customer is defined as someone who opens and maintains an account. Know Your Customer norms require identity and address proof documents from new customers.
Easily Verify Compliance and Security with Binance KYCAny kyc Account
Use our simple KYC verification guide to make sure your Binance account is safe and compliant. Discover the fundamentals, appreciate the significance of KYC, and trade on one of the biggest cryptocurrency exchanges with confidence.
The document discusses key concepts in US bankruptcy law, including:
1) Chapter 11 bankruptcy allows for reorganization of a business while Chapter 7 involves liquidation of assets. Chapter 11 is increasingly being used for liquidations through selling the business as a "going concern".
2) Upon filing for bankruptcy, an automatic stay is put into place that prevents creditors from collecting pre-petition debts or taking other collection actions without court approval.
3) Debtors often file "first day motions", including motions to approve debtor-in-possession (DIP) financing to continue operating during bankruptcy. Courts usually approve DIP financing to allow debtors to continue operating.
4) The document provides an overview
A banker is defined as a body corporate that accepts deposits from the public, lends money, invests deposited funds, and allows withdrawals. A customer is an individual or organization that conducts banking transactions. There are four types of customers: existing account holders, former account holders, non-account visitors, and prospective account holders. The core relationship between a banker and customer is that of debtor and creditor when a deposit is made, and creditor and debtor when a loan is given. Additional relationships include bailee and bailor regarding secured assets, and agent and principal regarding services performed on a customer's behalf.
This presentation discusses repayment of loans, interest rates, and penalties. It defines key terms like loan, repayment, interest rate and protection against penalties. It describes different types of loans and interest rates, as well as factors affecting interest rates. It discusses fixed versus floating interest rates and the purpose of prepayment penalties for lenders. The presentation provides an example case law and concludes that repayment usually consists of periodic payments of principal plus interest, while failure to repay can damage credit ratings.
Working capital represents a company's short-term liquidity and is used to finance day-to-day operations. The two main sources of working capital finance are trade credit and bank borrowing. Trade credit involves suppliers extending credit to customers, and is an important source of financing especially for small businesses. Banks provide working capital financing through various facilities like overdrafts, cash credits, bill discounting, and loans. Banks follow guidelines from committees like Tandon and Chore to regulate working capital lending and ensure prudent financing.
The document discusses non-fund based credit facilities provided by banks, including letters of credit, guarantees, and co-acceptance of bills. It provides details on:
1) How these facilities work and the parties involved, including the applicant, issuing bank, beneficiary, advising/confirming/negotiating banks.
2) Guidelines from the Reserve Bank of India for these facilities, focusing on eligibility criteria for customers and banks' obligations.
3) Specific requirements for letters of credit, guarantees, and co-acceptance of bills.
The document discusses the banker-customer relationship. It defines a banker as someone who receives deposits and honors cheques/drafts subject to fund availability. A customer is anyone who has an account with the bank.
The key relationships between a banker and customer are:
1) Creditor-debtor, with the customer as creditor when making deposits, and debtor when taking loans
2) Principal-agent, when the bank provides services like bill payments on behalf of the customer
3) Other special relationships can include bailee-bailor for safe deposit boxes, pawnee-pawner for assets pledged as collateral.
The bank has obligations to maintain customer confidentiality, honor checks
This document discusses the relationship between banks and their customers. It outlines that banks core business is accepting deposits from the public and utilizing those deposits to lend to borrowers or make investments. There are two types of deposits - demand deposits which are payable on demand like current accounts, and time deposits which are held for a specified period of time. The document then discusses the various roles and relationships that exist between banks and customers such as debtor-creditor, principal-agent, bailee-bailor, and more. It also outlines the rights and obligations of both banks and customers in the relationship.
Fixed deposit (FD) is a type of deposit which can be withdrawn only after a pre-defined tenure and attracts a higher interest rate when compared to savings account. The minimum period for placing these deposit is 7 days while the maximum period is 120 months. A recent study indicates that banks are now free to determine the rate of interest to be offered on FDs. Banks may offer deposits on a floating rate, interest shall be paid on quarterly or longer rests and interest is calculated on daily balance. Further, scheduled banks with a total deposit of less than Rs 25 crores are permitted to give an additional ½% interest. When the amount paid to the individual is in excess of Rs 10,000 bank has to deduct tax at source if the depositor has not submitted Form 15H or 15G or certificate u/s197(1) of the Income Tax Act 1961. Banks have the discretion to disallow premature withdrawal of large deposits other than individuals and Hindu Undivided Family (HUF). On maturity if the bank does not receive any intimation from the depositor then such deposits are recorded as overdue deposits in the books of the bank. Banks can grant loans by taking FD as a security. However, there are certain prohibitions to raising Fixed Deposits: banks cannot launch deposits with freebies such as free lunch and trips, for example.
The relationship between a banker and customer is contractual in nature, governed by the Negotiable Instruments Act and Indian Contract Act. A customer is anyone who opens an account with a bank.
The essence of the relationship is the bank's obligation to honor the customer's cheques, as long as sufficient funds are available. The banker acts as a debtor to the customer creditor, and has duties of confidentiality, honoring cheques, and supplying account statements.
The banker can dishonor cheques in certain situations like insufficient funds, ambiguity, or notice of customer death. A paying banker makes payment on a cheque, while a collecting banker receives payment on behalf of a customer. Collecting bankers have protection from liability
The document discusses various types of commercial financing facilities including:
1. Temporary bridge financing which provides short-term funds until a subsequent longer-term loan.
2. Running finance/overdraft facilities which allow customers to temporarily overdraw their account up to an approved limit.
3. Demand/line of credit loans which are payable on demand or within 90 days and are used to finance inventory and receivables.
4. Term loans which are used for specific purposes like acquiring machinery and have maturities of 5+ years.
5. Discounting of bills of exchange which allows banks to earn interest by advancing funds to customers against bills that are then paid back on the maturity date.
Chapter_2_Overview of Commercial Banks_2022.pptxShetuBiswas3
This document provides an overview of commercial banks, including their definition, functions, and trends affecting them. It defines commercial banks as financial institutions that accept deposits and use those deposits to grant loans and offer other financial services. The key functions of commercial banks are described as primary functions like receiving deposits and advancing loans, agency functions like payment services, and general utility functions like letters of credit. The document also discusses credit creation by commercial banks and the credit multiplier effect. It concludes with a brief mention of trends affecting commercial banks.
This document provides an overview of loans and advances offered by commercial banks. It defines loans as amounts borrowed that are intended to be repaid over time, while advances are short-term credit facilities repaid within one year. Loans and advances help meet both short-term working capital needs as well as long-term needs through products like cash credits, overdrafts, and term loans. Banks also lend money by discounting bills of exchange. To ensure repayment, banks typically require security in the form of tangible assets pledged by the borrower.
Cash credit is a short-term loan that allows businesses to withdraw funds from their account even if there are insufficient funds. It is determined based on the value of securities provided. Overdraft is a credit facility that allows individuals to continue withdrawing funds even if their account balance is zero, up to a set limit. Bank guarantees ensure that a debtor's liabilities will be paid if they default, with three parties involved: the surety (guarantor), principal debtor, and creditor/beneficiary. Common types of guarantees include advance payment, payment, credit security, rental, and performance guarantees. Cash credit and overdraft both finance working capital and allow credit withdrawals up to a limit, but cash credit is longer-term
The document provides an overview of education loans, including their purpose, tax benefits, and tips for planning an education loan. It begins by stating that the purpose of education loans is to provide financial assistance to deserving students to pursue higher education. It describes that interest paid on education loans is tax deductible under Section 80E of the Indian Income Tax Act without any limit. Some tips for planning an education loan include assessing one's career interests and skills, researching occupations and educational programs, and planning for education costs. The document aims to help students and parents understand education loans and make informed decisions about financing higher education.
Bounced cheque no longer punishable by law in UAEAhmedTalaat127
Commercial Transactions Law revisions that decriminalize issuing cheques without adequate cash (bounced cheque) have been implemented by Dubai courts. Cheque beneficiaries or bearers do not have to initiate criminal or civil charges for non-payment of the cheque following Federal Law No. 14 of 2020, revised in October 2020. Alternatively, they may approach the court’s execution judge directly to get an order directing payment of the cheque’s total amount or any leftover balance.
Cheque bearers are entitled to receive partial payments from banks if they have enough money in their account to do so unless they object.
This document provides an overview of US bankruptcy law, including:
1. Chapter 7 bankruptcy provides for liquidation of assets to pay creditors.
2. Chapter 11 bankruptcy allows businesses to restructure debts while remaining operational.
3. There are eligibility requirements to file for different chapters, including income-based means tests for Chapter 7.
The document discusses various sources of working capital finance including trade credit, accrued expenses, deferred income, bank borrowings, factoring of receivables, commercial paper, and cash credit. It explains key concepts such as trade credit terms, costs and benefits of trade credit, accrued expenses and deferred income, cash credit facilities that allow borrowing against a sanctioned limit, and methods of securing bank loans such as hypothecation, pledge, mortgage, and lien. The document provides formulas for calculating costs of foregoing cash discounts and outlines different sources of working capital available to firms from banks.
The document discusses various sources of working capital finance including trade credit, accrued expenses, deferred income, bank borrowings, factoring of receivables, commercial paper, and cash credit. It explains key concepts such as trade credit terms, costs and benefits of trade credit, accrued expenses and deferred income, cash credit facilities that allow borrowing against a sanctioned limit, and methods of securing bank loans such as hypothecation, pledge, mortgage, and lien. The document provides formulas for calculating costs of foregoing cash discounts and outlines different sources of working capital available to firms from banks.
Goodwill arises when a company acquires another company at a price higher than the fair market value of its tangible and identifiable intangible assets. It represents the future economic benefits from assets that are not individually identified and separately recognized. Goodwill is an intangible asset that is reported on the acquiring company's balance sheet.
02 banker customer realtion ship and special types of accountsVikash Kumar-IB
Retail banking provides mass-market banking services to individual customers through local branches. It aims to offer a wide range of financial products like savings and checking accounts, loans, credit/debit cards, and investments. Retail banks also provide services like wealth management. Key products offered are various loan types, deposit accounts, debit cards, mutual funds, insurance, and bill payment services. The relationship between a banker and customer involves obligations on both sides. A customer is defined as someone who opens and maintains an account. Know Your Customer norms require identity and address proof documents from new customers.
Similar to Banking law & Practices, Banking, Banker rights, case study, rule in Clayton's case (20)
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How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
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- Stakeholder Analysis
- Strategy Decomposition
- Adoption of Business Frameworks
- Goal Setting
- Initiatives and Action Plans
- KPIs and Performance Metrics
- Learning and Adaptation
- Alignment and Cascading of Scorecards
Benefits:
- Systematic strategy formulation and execution.
- Framework flexibility and automation.
- Enhanced alignment and strategic focus across the organization.
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In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
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Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
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Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Best Competitive Marble Pricing in Dubai - ☎ 9928909666Stone Art Hub
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IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
How to Implement a Real Estate CRM SoftwareSalesTown
To implement a CRM for real estate, set clear goals, choose a CRM with key real estate features, and customize it to your needs. Migrate your data, train your team, and use automation to save time. Monitor performance, ensure data security, and use the CRM to enhance marketing. Regularly check its effectiveness to improve your business.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Banking law & Practices, Banking, Banker rights, case study, rule in Clayton's case
1. RIGHTS OF A BANKER MEANING
IN BANKING, A BANKER IS AN OFFICER OF A
BANK WHO CONDUCTS THE BUSINESS OF
BANKING. A BANKER HAS SOME RIGHTS AND
OBLIGATIONS THAT MUST BE IMPLEMENTED
AND FOLLOWED TO PROVIDE THE BEST
BANKING SERVICES TO THE CUSTOMERS.
3. RIGHT TO SET OFF
The right of set-off is the right of a bank to
adjust the amount due to it from a debtor
against the amount payable by it to the debtor
to determine the net balance payable by one
to another 1. The right of set-off can be
exercised subject to the fulfillment of the
following conditions :
1.All the funds must prima facie belong to the
customer.
2.When debt amounts are certain.
3.When the debts are in the same rights.
4.There is no contract expressed or implied in
contrast.
4. RULE IN CLAYTON’S CASE
The rule in Clayton’s case
creates a presumption as to the
appropriation of payments into a
running account being
attributable to the repayment of
the oldest debits from the
account. In other words, when in
the absence of a contrary
intention, payments are
presumed to be appropriated to
debts in the order in which the
debts are incurred.