Collecting bankers are an essential part of the financial system, responsible for processing
cheques and ensuring that funds are transferred securely between banks. They act as
A collecting banker undertakes to collect amounts from cheques and bills for customers by presenting them to the paying banker. As an agent of the customer, the collecting banker has duties to exercise reasonable care and diligence in the collection process. They must present cheques and bills promptly to avoid losses from insolvency, provide timely notice if an item is dishonored, and present bills for acceptance at an early date to fix the maturity date. If the collecting banker fails in these duties and a loss occurs, they are responsible to the customer.
The document discusses the roles and responsibilities of a collecting banker when handling cheque collections. It outlines that a collecting banker can act either as a holder for value or as an agent of the customer. As a holder for value, the collecting banker enjoys rights similar to a holder in due course. As an agent, the banker must take precautions to avoid liability for conversion. The document also discusses the statutory protection provided to collecting bankers under Section 131 of the Negotiable Instruments Act if they collect payment in good faith and without negligence. It provides examples of negligence and outlines various duties and precautions collecting bankers must follow.
The document discusses the roles and responsibilities of collecting bankers and paying bankers when dealing with cheques. It outlines two options a customer has when receiving a cheque - depositing it directly or sending it to their banker for collection. It explains that a collecting banker can act as a holder for value or as an agent, and describes the conditions under which they are considered a holder for value. The duties of paying bankers to verify cheque details and ensure sufficient funds are also reviewed. Statutory protections for collecting and paying bankers are discussed if they act in good faith and without negligence.
The document discusses the roles and responsibilities of collecting bankers and paying bankers when dealing with cheques. It outlines two options a customer has when receiving a cheque - depositing it directly or sending it to their banker for collection. It explains that a collecting banker can act as a holder for value or as an agent, and describes the conditions under which they are considered a holder for value. The duties of paying bankers to verify cheque details and ensure sufficient funds are also summarized. Finally, it discusses the statutory protections provided to collecting and paying bankers if they act in good faith and without negligence.
This document discusses the roles and responsibilities of paying bankers and collecting bankers. It defines a paying banker as the banker who holds the account of the drawer of a cheque and is obligated to make payment if funds are sufficient. The key duties of a paying banker are to honor valid customer cheques in a timely manner according to law. A collecting banker undertakes to collect payment on cheques and other instruments from the paying banker on behalf of customers, and has duties to exercise care during collection and notify customers of dishonored cheques. The document also outlines circumstances where bankers may rightfully dishonor cheques and their liabilities for wrongful dishonor.
The document discusses the obligations and precautions of banks when honoring customer cheques under the Negotiable Instruments Act. It explains that banks must honor cheques drawn by customers if there are sufficient funds, and outlines various precautions banks must take regarding genuineness of cheques, customer accounts and balances, and legal restrictions. Precautions include verifying signatures, dates, amounts, endorsements, checking for stops on payments or legal orders, and only making payments that constitute "payment-in-due-course".
Finance and banking play a key role in modern business and economic development. The document discusses various aspects of the banker-customer relationship including general relationships as debtor-creditor and special relationships as agent-principal or trustee-beneficiary. It also covers the roles and duties of collecting bankers who undertake cheque collection and paying bankers who honor cheques drawn on their banks.
The document discusses bankers, customers, and dishonour of cheques under Indian law. It provides definitions of collecting bankers and paying bankers. It explains cheque clearance processes and protections provided to collecting bankers under Section 131 of the Negotiable Instruments Act. The duties and liabilities of paying bankers are greater, including verifying signatures and endorsements. A cheque holder can proceed against the bank if the drawer is discharged or the bank pays out of due course. Dishonour of cheques is governed by the Act, with conditions for presumption of dishonour and penalties for failure to pay within 15 days of notice. Offences can also apply to companies and directors.
A collecting banker undertakes to collect amounts from cheques and bills for customers by presenting them to the paying banker. As an agent of the customer, the collecting banker has duties to exercise reasonable care and diligence in the collection process. They must present cheques and bills promptly to avoid losses from insolvency, provide timely notice if an item is dishonored, and present bills for acceptance at an early date to fix the maturity date. If the collecting banker fails in these duties and a loss occurs, they are responsible to the customer.
The document discusses the roles and responsibilities of a collecting banker when handling cheque collections. It outlines that a collecting banker can act either as a holder for value or as an agent of the customer. As a holder for value, the collecting banker enjoys rights similar to a holder in due course. As an agent, the banker must take precautions to avoid liability for conversion. The document also discusses the statutory protection provided to collecting bankers under Section 131 of the Negotiable Instruments Act if they collect payment in good faith and without negligence. It provides examples of negligence and outlines various duties and precautions collecting bankers must follow.
The document discusses the roles and responsibilities of collecting bankers and paying bankers when dealing with cheques. It outlines two options a customer has when receiving a cheque - depositing it directly or sending it to their banker for collection. It explains that a collecting banker can act as a holder for value or as an agent, and describes the conditions under which they are considered a holder for value. The duties of paying bankers to verify cheque details and ensure sufficient funds are also reviewed. Statutory protections for collecting and paying bankers are discussed if they act in good faith and without negligence.
The document discusses the roles and responsibilities of collecting bankers and paying bankers when dealing with cheques. It outlines two options a customer has when receiving a cheque - depositing it directly or sending it to their banker for collection. It explains that a collecting banker can act as a holder for value or as an agent, and describes the conditions under which they are considered a holder for value. The duties of paying bankers to verify cheque details and ensure sufficient funds are also summarized. Finally, it discusses the statutory protections provided to collecting and paying bankers if they act in good faith and without negligence.
This document discusses the roles and responsibilities of paying bankers and collecting bankers. It defines a paying banker as the banker who holds the account of the drawer of a cheque and is obligated to make payment if funds are sufficient. The key duties of a paying banker are to honor valid customer cheques in a timely manner according to law. A collecting banker undertakes to collect payment on cheques and other instruments from the paying banker on behalf of customers, and has duties to exercise care during collection and notify customers of dishonored cheques. The document also outlines circumstances where bankers may rightfully dishonor cheques and their liabilities for wrongful dishonor.
The document discusses the obligations and precautions of banks when honoring customer cheques under the Negotiable Instruments Act. It explains that banks must honor cheques drawn by customers if there are sufficient funds, and outlines various precautions banks must take regarding genuineness of cheques, customer accounts and balances, and legal restrictions. Precautions include verifying signatures, dates, amounts, endorsements, checking for stops on payments or legal orders, and only making payments that constitute "payment-in-due-course".
Finance and banking play a key role in modern business and economic development. The document discusses various aspects of the banker-customer relationship including general relationships as debtor-creditor and special relationships as agent-principal or trustee-beneficiary. It also covers the roles and duties of collecting bankers who undertake cheque collection and paying bankers who honor cheques drawn on their banks.
The document discusses bankers, customers, and dishonour of cheques under Indian law. It provides definitions of collecting bankers and paying bankers. It explains cheque clearance processes and protections provided to collecting bankers under Section 131 of the Negotiable Instruments Act. The duties and liabilities of paying bankers are greater, including verifying signatures and endorsements. A cheque holder can proceed against the bank if the drawer is discharged or the bank pays out of due course. Dishonour of cheques is governed by the Act, with conditions for presumption of dishonour and penalties for failure to pay within 15 days of notice. Offences can also apply to companies and directors.
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
This document discusses the relationship between bankers and customers. It defines what constitutes a bank and banker according to Indian law. A customer is anyone who has an account with the banker. The relationship is contractual in nature, with the banker as the debtor and customer as the creditor. Key features of the relationship include the banker acting as trustee, agent, bailee, mortgagee, and lessor for the customer in various contexts. The document outlines duties of bankers such as honoring checks, supplying account statements, and maintaining confidentiality. It also discusses rights of bankers like setting off accounts and appropriating payments. The roles and duties of paying bankers and collecting bankers are defined in the context of crossed checks. The document provides scenarios in
The paying banker is responsible for honoring customer checks when sufficient funds are available. However, the banker must take precautions and ensure checks are valid before payment by verifying details like the form, date, amount, signatures, endorsements and for any alterations. The banker should also consider legal restrictions or orders to stop payment from the customer. Some key duties of the paying banker include verifying funds availability, checking for proper formatting of checks and adhering to the order of received checks when funds are insufficient.
This document discusses cheques and encashment. It defines what a cheque is and outlines the key parties and requisites of a cheque, including that it must be in writing, drawn on a specified banker, for a sum certain, signed by the drawer, and payable on demand. The document also covers types of cheques, essentials for cheque payment such as sufficient funds and proper form, and circumstances where a bank may pay money by mistake and attempt recovery.
The presentation includes:
- Definition of Cheque
- Parties in Cheque
- The requisites of Cheque
- Types of Cheques- Open and Cross Cheques
-Payment of Cheque
-Money Paid by Mistake
The Supreme Court ruled in favor of the respondent company in its case against Canara Bank. The company had filed a suit to recover amounts withdrawn via 42 forged cheques totaling Rs. 3,26,047.92. The Court held that the bank acted unlawfully in debiting the company for forged cheques and had a duty to repay the amounts. Further, mere negligence by the customer does not prevent recovering amounts from forged cheques unless the customer's actions facilitated the forgeries. The bank was ordered to repay the full amount to the company with interest.
banking ombudsman and their functions dutiesssuser775c16
The document discusses the Banking Ombudsman Scheme in India. It defines key terms like bank, ombudsman, and the banking ombudsman scheme. The scheme enables customers to file complaints regarding certain bank services. It covers all scheduled commercial, regional rural, and cooperative banks in India. The ombudsman has powers to investigate complaints, obtain information, and make recommendations. Complaints can be filed for issues like non-payment of inward remittances, failure to issue drafts/pay orders, charging without notice, and more. The complaint process and two example case decisions are also summarized.
1) Section 131 of the Negotiable Instruments Act provides protection to bankers who receive payment for crossed cheques in good faith and without negligence.
2) Even if the title to the cheque later proves defective, the banker will not be liable to the true owner as long as they received payment without negligence.
3) This section protects bankers who act as both paying bankers and collecting bankers, allowing them to deposit funds from a collected cheque into an account before receiving final payment.
Negotiable instruments are legal documents that can be transferred between parties as a form of payment. Common examples include cheques, promissory notes, and bills of exchange. Cheques allow parties to transfer money from a bank account, while promissory notes and bills of exchange facilitate credit transactions. Negotiable instruments must meet certain legal requirements to be enforceable, such as being in writing, containing an unconditional order of payment, and specifying the amount to be paid. Misusing these instruments by forgery, fraud, or bouncing payments can result in legal penalties like fines and imprisonment according to Nepali law. Proper use of negotiable instruments is important for commercial and financial transactions.
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
A banker is defined as someone who receives money and collects checks and drafts for customers, with an obligation to honor checks drawn by customers subject to available balances. A banker must pay valid checks presented for payment from a customer's account per banking regulations. However, a banker may refuse payment if a garnishee order from a court is served, instructing the banker not to pay the customer. Key obligations of bankers include maintaining secrecy of customer accounts except as required by law, and appropriately paying or refusing payment of checks based on banking rules and regulations.
Banking Law - Conclusive Evidence Clause in MalaysiaAzri Nadiah
The document discusses various cases related to a customer's duties regarding their bank account. It summarizes:
1) At common law, a customer only has two duties - to not sign cheques in a way that facilitates fraud, and to inform the bank of any forgeries or fraud as soon as they become aware. They do not have a duty to prevent forgeries by employees.
2) Cases have established that while customers must exercise reasonable care, the risk of wrongful payments is borne by the bank unless a clear contract shifts this risk to the customer.
3) For a conclusive evidence clause imposing additional duties on a customer to be valid, it must be unambiguous and bring the full extent
This document summarizes a seminar presentation on cheques. It defines a cheque, outlines the essential features of a valid cheque, and describes different types of cheques such as bearer, order, crossed, and post-dated cheques. It also discusses endorsement of cheques, the roles and responsibilities of a paying banker, circumstances under which cheques may be dishonored, and legal protections for paying bankers. The presentation covered key concepts relating to cheques under Indian law.
Chapter 24: Introduction to Negotiable Instruments Tara Kissel, M.Ed
This document provides an overview of negotiable instruments and the bank collection process in 6 chapters. It defines types of commercial paper like notes, drafts, checks and certificates of deposit. It describes the roles of banks in the collection process and the rights and responsibilities of banks and depositors, including issues like wrongful dishonor, stop-payment orders, and customers' duty to examine statements. Key topics covered include negotiability requirements, terminology, the collection timeline and process, and applicable laws governing electronic funds transfers.
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 contains information about Kashyap Joshi, a student in Divison 3 with Roll Number 134/58. It then lists various types of relationships like debtor-creditor, pledger-pledgee, etc. It discusses a banker's obligations to honor customers' cheques if they have sufficient funds, the funds are applicable for payment, the banker has been required to pay, and the cheque is presented within a reasonable time and not prohibited by a court order. It provides details on determining sufficiency of funds, applicability of funds, requirements for the banker to pay, and reasonable time for cheque presentation.
The relationship between a banker and customer arises from a contractual agreement. A banker can terminate this relationship by closing an undesirable customer's account. An undesirable customer is one who frequently issues bounced checks, fails to maintain minimum balances, or issues post-dated checks. The banker must provide notice and allow the customer time to close the account or withdraw funds before forcibly closing it. The relationship can also end through mutual agreement, death or incapacity of the customer, insolvency, court orders assigning the account balance, or bankruptcy proceedings against the customer.
know the Importance and Need of Bank Reconciliation Statement.
Understand the Causes for Disagreement between Cash Book and Pass Book Balances.
Prepare Bank Reconciliation Statement.
In the face of the news of Google beginning to remove cookies from Chrome (30m users at the time of writing), there’s no longer time for marketers to throw their hands up and say “I didn’t know” or “They won’t go through with it”. Reality check - it has already begun - the time to take action is now. The good news is that there are solutions available and ready for adoption… but for many the race to catch up to the modern internet risks being a messy, confusing scramble to get back to "normal"
Basic Management Concepts., “Management is the art of getting things done thr...DilanThennakoon
The managers achieve organizational objectives by getting work from
others and not performing in the tasks themselves.
Management is an art and science of getting work done through people.
It is the process of giving direction and controlling the various activities
of the people to achieve the objectives of an organization Management is a universal process in all organized, social and economic activities. Wherever
there is human activity there is management.
Management is a vital aspect of the economic life of man, which is an organized group activity. A
central directing and controlling agency is indispensable for a business concern. The productive
resources –material, labour, capital etc. are entrusted to the organizing skill, administrative ability
and enterprising initiative of the management. Thus, management provides leadership to a
business enterprise. Without able managers and effective managerial leadership the resources of
production remain merely resources and never become production. Management occupies such an
important place in the modern world that the welfare of the people and the destiny of the country
are very much influenced by it.
1.2 MEANING OF MANAGEMENT
Management is a technique of extracting work from others in an integrated and co-ordinated
manner for realizing the specific objectives through productive use of material resources.
Mobilising the physical, human and financial resources and planning their utilization for business
operations in such a manner as to reach the defined goals can be benefited to as management.
1.3 DEFINITION OF MANAGEMENT
Management may be defined in many different ways. Many eminent authors on the subject have
defined the term "management". Some of these definitions are reproduced below:
In the words of George R Terry - "Management is a distinct process consisting of planning,
organising, actuating and controlling performed to determine and accomplish the objectives by the
use of people and resources".
According to James L Lundy - "Management is principally the task of planning, co¬ordinating,
motivating and controlling the efforts of others towards a specific objective",
In the words of Henry Fayol - "To manage is to forecast and to plan, to organise, to command, to
co-ordinate and to control".
According to Peter F Drucker - "Management is a multipurpose organ that manages a business and
manages managers and manages worker and work".
In the words of J.N. Schulze - "Management is the force which leads, guides and directs an
organisation in the accomplishment of a pre-determined object".
In the words of Koontz and O'Donnel - "Management is defined as the creation and maintenance
of an internal environment in an enterprise where individuals working together in groups can
perform efficiently and effectively towards the attainment of group goals".
According to Ordway Tead - "Management is the process and agency which directs and guides the
operations of an organisation in realising of established aim
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
This document discusses the relationship between bankers and customers. It defines what constitutes a bank and banker according to Indian law. A customer is anyone who has an account with the banker. The relationship is contractual in nature, with the banker as the debtor and customer as the creditor. Key features of the relationship include the banker acting as trustee, agent, bailee, mortgagee, and lessor for the customer in various contexts. The document outlines duties of bankers such as honoring checks, supplying account statements, and maintaining confidentiality. It also discusses rights of bankers like setting off accounts and appropriating payments. The roles and duties of paying bankers and collecting bankers are defined in the context of crossed checks. The document provides scenarios in
The paying banker is responsible for honoring customer checks when sufficient funds are available. However, the banker must take precautions and ensure checks are valid before payment by verifying details like the form, date, amount, signatures, endorsements and for any alterations. The banker should also consider legal restrictions or orders to stop payment from the customer. Some key duties of the paying banker include verifying funds availability, checking for proper formatting of checks and adhering to the order of received checks when funds are insufficient.
This document discusses cheques and encashment. It defines what a cheque is and outlines the key parties and requisites of a cheque, including that it must be in writing, drawn on a specified banker, for a sum certain, signed by the drawer, and payable on demand. The document also covers types of cheques, essentials for cheque payment such as sufficient funds and proper form, and circumstances where a bank may pay money by mistake and attempt recovery.
The presentation includes:
- Definition of Cheque
- Parties in Cheque
- The requisites of Cheque
- Types of Cheques- Open and Cross Cheques
-Payment of Cheque
-Money Paid by Mistake
The Supreme Court ruled in favor of the respondent company in its case against Canara Bank. The company had filed a suit to recover amounts withdrawn via 42 forged cheques totaling Rs. 3,26,047.92. The Court held that the bank acted unlawfully in debiting the company for forged cheques and had a duty to repay the amounts. Further, mere negligence by the customer does not prevent recovering amounts from forged cheques unless the customer's actions facilitated the forgeries. The bank was ordered to repay the full amount to the company with interest.
banking ombudsman and their functions dutiesssuser775c16
The document discusses the Banking Ombudsman Scheme in India. It defines key terms like bank, ombudsman, and the banking ombudsman scheme. The scheme enables customers to file complaints regarding certain bank services. It covers all scheduled commercial, regional rural, and cooperative banks in India. The ombudsman has powers to investigate complaints, obtain information, and make recommendations. Complaints can be filed for issues like non-payment of inward remittances, failure to issue drafts/pay orders, charging without notice, and more. The complaint process and two example case decisions are also summarized.
1) Section 131 of the Negotiable Instruments Act provides protection to bankers who receive payment for crossed cheques in good faith and without negligence.
2) Even if the title to the cheque later proves defective, the banker will not be liable to the true owner as long as they received payment without negligence.
3) This section protects bankers who act as both paying bankers and collecting bankers, allowing them to deposit funds from a collected cheque into an account before receiving final payment.
Negotiable instruments are legal documents that can be transferred between parties as a form of payment. Common examples include cheques, promissory notes, and bills of exchange. Cheques allow parties to transfer money from a bank account, while promissory notes and bills of exchange facilitate credit transactions. Negotiable instruments must meet certain legal requirements to be enforceable, such as being in writing, containing an unconditional order of payment, and specifying the amount to be paid. Misusing these instruments by forgery, fraud, or bouncing payments can result in legal penalties like fines and imprisonment according to Nepali law. Proper use of negotiable instruments is important for commercial and financial transactions.
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
A banker is defined as someone who receives money and collects checks and drafts for customers, with an obligation to honor checks drawn by customers subject to available balances. A banker must pay valid checks presented for payment from a customer's account per banking regulations. However, a banker may refuse payment if a garnishee order from a court is served, instructing the banker not to pay the customer. Key obligations of bankers include maintaining secrecy of customer accounts except as required by law, and appropriately paying or refusing payment of checks based on banking rules and regulations.
Banking Law - Conclusive Evidence Clause in MalaysiaAzri Nadiah
The document discusses various cases related to a customer's duties regarding their bank account. It summarizes:
1) At common law, a customer only has two duties - to not sign cheques in a way that facilitates fraud, and to inform the bank of any forgeries or fraud as soon as they become aware. They do not have a duty to prevent forgeries by employees.
2) Cases have established that while customers must exercise reasonable care, the risk of wrongful payments is borne by the bank unless a clear contract shifts this risk to the customer.
3) For a conclusive evidence clause imposing additional duties on a customer to be valid, it must be unambiguous and bring the full extent
This document summarizes a seminar presentation on cheques. It defines a cheque, outlines the essential features of a valid cheque, and describes different types of cheques such as bearer, order, crossed, and post-dated cheques. It also discusses endorsement of cheques, the roles and responsibilities of a paying banker, circumstances under which cheques may be dishonored, and legal protections for paying bankers. The presentation covered key concepts relating to cheques under Indian law.
Chapter 24: Introduction to Negotiable Instruments Tara Kissel, M.Ed
This document provides an overview of negotiable instruments and the bank collection process in 6 chapters. It defines types of commercial paper like notes, drafts, checks and certificates of deposit. It describes the roles of banks in the collection process and the rights and responsibilities of banks and depositors, including issues like wrongful dishonor, stop-payment orders, and customers' duty to examine statements. Key topics covered include negotiability requirements, terminology, the collection timeline and process, and applicable laws governing electronic funds transfers.
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 contains information about Kashyap Joshi, a student in Divison 3 with Roll Number 134/58. It then lists various types of relationships like debtor-creditor, pledger-pledgee, etc. It discusses a banker's obligations to honor customers' cheques if they have sufficient funds, the funds are applicable for payment, the banker has been required to pay, and the cheque is presented within a reasonable time and not prohibited by a court order. It provides details on determining sufficiency of funds, applicability of funds, requirements for the banker to pay, and reasonable time for cheque presentation.
The relationship between a banker and customer arises from a contractual agreement. A banker can terminate this relationship by closing an undesirable customer's account. An undesirable customer is one who frequently issues bounced checks, fails to maintain minimum balances, or issues post-dated checks. The banker must provide notice and allow the customer time to close the account or withdraw funds before forcibly closing it. The relationship can also end through mutual agreement, death or incapacity of the customer, insolvency, court orders assigning the account balance, or bankruptcy proceedings against the customer.
know the Importance and Need of Bank Reconciliation Statement.
Understand the Causes for Disagreement between Cash Book and Pass Book Balances.
Prepare Bank Reconciliation Statement.
In the face of the news of Google beginning to remove cookies from Chrome (30m users at the time of writing), there’s no longer time for marketers to throw their hands up and say “I didn’t know” or “They won’t go through with it”. Reality check - it has already begun - the time to take action is now. The good news is that there are solutions available and ready for adoption… but for many the race to catch up to the modern internet risks being a messy, confusing scramble to get back to "normal"
Basic Management Concepts., “Management is the art of getting things done thr...DilanThennakoon
The managers achieve organizational objectives by getting work from
others and not performing in the tasks themselves.
Management is an art and science of getting work done through people.
It is the process of giving direction and controlling the various activities
of the people to achieve the objectives of an organization Management is a universal process in all organized, social and economic activities. Wherever
there is human activity there is management.
Management is a vital aspect of the economic life of man, which is an organized group activity. A
central directing and controlling agency is indispensable for a business concern. The productive
resources –material, labour, capital etc. are entrusted to the organizing skill, administrative ability
and enterprising initiative of the management. Thus, management provides leadership to a
business enterprise. Without able managers and effective managerial leadership the resources of
production remain merely resources and never become production. Management occupies such an
important place in the modern world that the welfare of the people and the destiny of the country
are very much influenced by it.
1.2 MEANING OF MANAGEMENT
Management is a technique of extracting work from others in an integrated and co-ordinated
manner for realizing the specific objectives through productive use of material resources.
Mobilising the physical, human and financial resources and planning their utilization for business
operations in such a manner as to reach the defined goals can be benefited to as management.
1.3 DEFINITION OF MANAGEMENT
Management may be defined in many different ways. Many eminent authors on the subject have
defined the term "management". Some of these definitions are reproduced below:
In the words of George R Terry - "Management is a distinct process consisting of planning,
organising, actuating and controlling performed to determine and accomplish the objectives by the
use of people and resources".
According to James L Lundy - "Management is principally the task of planning, co¬ordinating,
motivating and controlling the efforts of others towards a specific objective",
In the words of Henry Fayol - "To manage is to forecast and to plan, to organise, to command, to
co-ordinate and to control".
According to Peter F Drucker - "Management is a multipurpose organ that manages a business and
manages managers and manages worker and work".
In the words of J.N. Schulze - "Management is the force which leads, guides and directs an
organisation in the accomplishment of a pre-determined object".
In the words of Koontz and O'Donnel - "Management is defined as the creation and maintenance
of an internal environment in an enterprise where individuals working together in groups can
perform efficiently and effectively towards the attainment of group goals".
According to Ordway Tead - "Management is the process and agency which directs and guides the
operations of an organisation in realising of established aim
Customer Experience is not only for B2C and big box brands. Embark on a transformative journey into the realm of B2B customer experience with our masterclass. In this dynamic session, we'll delve into the intricacies of designing and implementing seamless customer journeys that leave a lasting impression. Explore proven strategies and best practices tailored specifically for the B2B landscape, learning how to navigate complex decision-making processes and cultivate meaningful relationships with clients. From initial engagement to post-sale support, discover how to optimize every touchpoint to deliver exceptional experiences that drive loyalty and revenue growth. Join us and unlock the keys to unparalleled success in the B2B arena.
Key Takeaways:
1. Identify your customer journey and growth areas
2. Build a three-step customer experience strategy
3. Put your CX data to use and drive action in your organization
Evaluating the Effectiveness of Women-Focused MarketingHighViz PR
Women centric marketing is a vital part in reaching one of the most influential groups of consumers. Here is a guide to know and measure the impact of women-centric marketing efforts-
Dive deep into the cutting-edge strategies we're employing to revolutionize our web presence in the age of AI-driven search. As Gen Z reshapes the digital realm, discover how we can bridge the generational divide. Unlock the synergistic power of PPC, social media, and SEO, driving unparalleled revenues for our projects.
AI Best Practices for Marketing HUG June 2024Amanda Farrell
During this presentation, the Nextiny marketing team reviews best practices when adopting generative AI into content creation. Join our HUG community to register for more events https://events.hubspot.com/sarasota/
We’ve entered a new era in digital. Search and AI are colliding, in more ways than one. And they all have major implications for marketers.
• SEOs now use AI to optimize content.
• Google now uses AI to generate answers.
• Users are skipping search completely. They can now use AI to get answers. So AI has changed everything …or maybe not. Our audience hasn’t changed. Their information needs haven’t changed. Their perception of quality hasn’t changed. In reality, the most important things haven’t changed at all. In this session, you’ll learn the impact of AI. And you’ll learn ways that AI can make us better at the classic challenges: getting discovered, connecting through content and staying top of mind with the people who matter most. We’ll use timely tools to rebuild timeless foundations. We’ll do better basics, but with the most advanced techniques. Andy will share a set of frameworks, prompts and techniques for better digital basics, using the latest tools of today. And in the end, Andy will consider - in a brief glimpse - what might be the biggest change of all, and how to expand your footprint in the new digital landscape.
Key Takeaways:
How to use AI to optimize your content
How to find topics that algorithms love
How to get AI to mention your content and your brand
Capstone Project: Luxury Handloom Saree Brand
As part of my college project, I applied my learning in brand strategy to create a comprehensive project for a luxury handloom saree brand. Key aspects of this project included:
- *Competitor Analysis:* Conducted in-depth competitor analysis to identify market position and differentiation opportunities.
- *Target Audience:* Defined and segmented the target audience to tailor brand messages effectively.
- *Brand Strategy:* Developed a detailed brand strategy to enhance market presence and appeal.
- *Brand Perception:* Analyzed and shaped the brand perception to align with luxury and heritage values.
- *Brand Ladder:* Created a brand ladder to outline the brand's core values, benefits, and attributes.
- *Brand Architecture:* Established a cohesive brand architecture to ensure consistency across all brand touchpoints.
This project helped me gain practical experience in brand strategy, from research and analysis to strategic planning and implementation.
The Strategic Impact of Storytelling in the Age of AI
In the grand tapestry of marketing, where algorithms analyze data and artificial intelligence predicts trends, one essential thread remains constant — the timeless art of storytelling. As we stand on the precipice of a new era driven by AI, join me in unraveling the narrative alchemy that transforms brands from mere entities into captivating tales that resonate across the digital landscape. In this exploration, we will discover how, in the face of advancing technology, the human touch of a well-crafted story becomes not just a marketing tool but the very essence that breathes life into brands and forges lasting connections with our audience.
Boost Your Instagram Views Instantly Proven Free Strategies.pptxInstBlast Marketing
Join Performance Car Exclusive to drive the finest supercars, engineered with advanced materials and cutting-edge technology for peak performance.
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Conferences like DigiMarCon provide ample opportunities to improve our own marketing programs by learning from others. But just because everyone is jumping on board with the latest idea/tool/metric doesn’t mean it works – or does it? This session will examine the value of today’s hottest digital marketing topics – including AI, paid ads, and social metrics – and the truth about what these shiny objects might be distracting you from.
Key Takeaways:
- How NOT to shoot your digital program in the foot by using flashy but ineffective resources
- The best ways to think about AI in connection with digital marketing
- How to cut through self-serving marketing advice and engage in channels that truly grow your business
Efficient Website Management for Digital Marketing ProsLauren Polinsky
Learn how to optimize website projects, leverage SEO tactics effectively, and implement product-led marketing approaches for enhanced digital presence and ROI.
This session is your key to unlocking the secrets of successful digital marketing campaigns and maximizing your business's online potential.
Actionable tactics you can apply after this session:
- Streamlined Website Management: Discover techniques to streamline website development, manage day-to-day operations efficiently, and ensure smooth project execution.
- Effective SEO Practices: Gain valuable insights into optimizing your website for search engines, improving visibility, and driving organic traffic to your digital assets.
- Leverage Product-Led Marketing: Explore strategies for incorporating product-led marketing principles into your digital marketing efforts, enhancing user engagement and driving conversions.
Don't miss out on this opportunity to elevate your digital marketing game and achieve tangible results!
INTRODUCTION TO SEARCH ENGINE OPTIMIZATION (SEO).pptxGiorgio Chiesa
This presentation is recommended for those who want to know more about SEO. It explains the main theoretical and practical aspects that influence the positioning of websites in search engines.
Advanced Storytelling Concepts for MarketersEd Shimp
Every marketer knows you’re supposed to tell a story, but do you know how to tell a story? Do you know why you’re supposed to tell a story? Do you even truly know what a story is? While many marketing presentations emphasize the value of mythic storytelling, the nuts and bolts of actually constructing a story are never explored.
The goal of marketing may be to achieve specific KPIs that drive sales, which is very objective, but the top of the marketing funnel requires a softer approach. In our data-driven results-oriented fast-paced world, marketers must quantify results, but those results will never be achieved unless prospects are first approached with humanity.
There is a common misunderstanding that the so-called “soft skills” of marketing such as language and art are unmeasurable and subjective, but while the objective measures of market research are merely 100 years old, the rules of aesthetics have been perfected over the last 2,500 years.
Great story construction is a skill that requires significant knowledge and practice. This presentation will be a review of the ancient art of story construction.
We will discuss:
• Rhetoric – The art of effective communication
• The Socratic Method – You cannot teach, but you can persuade people to learn
• Plato’s Cave – You sell products, but you market ideas
• Aristotle’s Six Dramatic Elements – The secret recipe for marketing stories
This is for senior marketers who are tasked with creating effective narratives or guiding others in the process. By the end of the session, attendees will have gained the knowledge needed to work storytelling into all phases of the buyer’s journey.
Unlock the secrets to creating a standout trade show booth with our comprehensive guide from Blue Atlas Marketing! This presentation is packed with essential tips and innovative strategies to ensure your booth attracts attention, engages visitors, and drives business success. Whether you're a seasoned exhibitor or a first-timer, these expert insights will help you maximize your impact and make a memorable impression in a crowded exhibition hall. Learn how to:
Design an eye-catching and inviting booth
Incorporate interactive elements that engage visitors
Use effective branding and visuals to reinforce your message
Plan your booth layout for maximum traffic flow
Implement technology to enhance the visitor experience
Create memorable experiences that leave a lasting impression
Transform your trade show presence with these proven tactics and ensure your booth stands out from the competition. Download the PDF now and start planning your next successful exhibit!
Build marketing products across the customer journey to grow your business and build a relationship with your customer. For example you can build graders, calculators, quizzes, recommendations, chatbots or AR apps. Things like Hubspot's free marketing grader, Moz's site analyzer, VenturePact's mobile app cost calculator, new york times's dialect quiz, Ikea's AR app, L'Oreal's AR app and Nike's fitness apps. All of these examples are free tools that help drive engagement with your brand, build an audience and generate leads for your core business by adding value to a customer during a micro-moment.
Key Takeaways:
Learn how to use specific GPTs to help you Learn how to build your own marketing tools
Generate marketing ideas for your business How to think through and use AI in marketing
How AI changes the marketing game
Can you kickstart content marketing when you have a small team or even a team of one? Why yes, you can! Dennis Shiao, founder of marketing agency Attention Retention will detail how to draw insights from subject matter experts (SMEs) and turn them into articles, bylines, blog posts, social media posts and more. He’ll also share tips on content licensing and how to establish a webinar program. Attend this session to learn how to make an impact with content marketing even when you have a small team and limited resources.
Key Takeaways:
- You don't need a large team to start a content marketing program
- A webinar program yields a "one-to-many" approach to content creation
- Use partnerships and licensing to create new content assets
2. INTRODUCTION
Collecting bankers are an essential part of the financial system, responsible for processing cheques and
ensuring that funds are transferred securely between banks. They act as intermediaries between the
payee's bank and the drawer's bank, presenting cheques for payment and verifying endorsements to
ensure that the transaction is accurate and efficient. Collecting bankers are also responsible for providing
advice and assistance to their clients, including information about fees and charges, as well as the status
of their transactions
3. COLLECTING BANKERS
1. A collecting banker is one who undertakes to collect amount of a cheque for his customer from the
paying banker.
2. A banker is under no legal obligation to collect cheques, drawn upon other banks for a customer.
3. But every modern banker performs this duty, because, no customer will be satisfied merely with the
function of payment of cheques alone.
4. In the case of crossed cheques, there is no other alternative to collect the cheques except through
some banker.
4. DUTIES OF COLLECTING
BANKERS
Exercise of reasonable care and diligence
Exercise
Protest and note a foreign bill for non-acceptance
Protest and note
Present the cheque for collection without any delay Notice of dishonors
Present
Present the cheque for collection without any delay Notice of dishonors
Present
Present the bill for acceptance at an early date
Present
Present the bill for payment
Present
5. EXERCISE OF REASONABLE CARE AND
DILIGENCE
When a banker collects a cheque for his customer, he acts only as an agent of the customer.
As an agent, he should exercise reasonable care, diligence and skill in collection work.
He should observe utmost care when presenting a cheque or a bill for payment.
Reasonable care and diligence depend upon the circumstance of each case.
6. PRESENT THE CHEQUE FOR COLLECTION WITHOUT
ANY DELAY
1. The banker must present the cheque for payment without any delay.
2. If there is delay in presentment, the customer may suffer losses due to the insolvency of the drawer of
insufficiency of funds in the account of the drawer or insolvency of the banker himself.
3. In all such cases, the banker should bear the loss.
7. NOTICE OF DISHONOUR
If the cheque, he collects, has
been dishonoured, he should inform
his customer without delay.
The Negotiable Instrument Act has
prescribed a reasonable time for
giving the notice of dishonour. If he
fails to do so, and consequences, any
loss arises to the customer, the banker
has to bear the loss.
8. PRESENT THE BILL FOR ACCEPTANCE AT AN EARLY
DATE
As per Sec. 61 of the NI Act, a bill of exchange must be accepted. Acceptance gives
an additional currency to the bill, because, the drawee becomes liable thereon from
the date of acceptance.
Moreover, in the case of a bill of exchange payable after sight, acceptance is
absolutely essential to fix the date of maturity.
If a banker undertakes o collect bills, it is his duty to present them for
acceptance at any early date. Sooner a bull is presented and got accepted earlier is
its maturity.
9. PRESENT THE BILL FOR PAYMENT
The banker should present the bills for payment in proper time and at report proper place.
If he fails to do so and if any loss occurs to the customer, then the banker will be liable. According to Section 66 of
the Negotiable Instrument Act, a bill must be presented for payment on maturity.
As per Section21, sign bills are payable on demand. Section 22 lays down that the maturity of the bills is the date
on which it is due for payment, to which, 3 days of grace are added.
Thus, the rules for calculating the maturity dates are given in secs. 23,24,and 26 of the NI Act.
10. PRESENT THE BILL FOR ACCEPTANCE AT AN EARLY
DATE
In case of dishonour of a bill by non-acceptance or non-payment, it is the duty of the collecting banker to
inform the customer immediately. Generally, he returns the bill to the customer.
In the absence of specific instructions, collecting bankers to be foreign bill, the banker should have it
protested and noted by a Notary Public and then forwarded it to the customer.
11. CONCLUSION
In conclusion, the duties of collecting bankers are essential for ensuring the smooth and secure transfer of funds
between banks. They play a crucial role in preventing fraud and maintaining the trust that underpins the entire
banking system. As such, collecting bankers are an integral part of the financial system and play a vital role in
the economy as a whole.