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Banking Updates, Information, Tutorials, Study Material.
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The Banker's Blog: March 2010
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Banking Updates, Information, Tutorials, Study Material. Sunday, March 28, 2010. New Guidelines for KYC in case of proprietary concerns. Any two of the following documents have been mandated by RBI in its latest circular dated 26.03.2010 for KYC compliance of Proprietary concerns :. 1 Registration certificate (in the case of a registered concern). 2 certificate/licence issued by the Municipal authorities under Shop and Establishment Act. 3 Sales and income tax returns. Labels: Know your customer. Margin ...
The Banker's Blog: Advances : Banking Basics : Calculation of Drawing Power
http://bankingfunda.blogspot.com/2010/03/advances-banking-basics-calculation-of.html
Banking Updates, Information, Tutorials, Study Material. Saturday, March 27, 2010. Advances : Banking Basics : Calculation of Drawing Power. What is drawing power? An example will clarify the above theory. Suppose the Stock Position of a Company 'X' as on 31.03.2010 is as follows(Rs in lacs) :. 1 Total Value of Stock(S) : 35.00. 2 Total Value of Trade Creditors(C) : 10.00. 3 Total Value of Debtors(D) : 25.00. Margin is 25% on Stock and 40% on Book Debts. Calculation of Drawing Power :. Buyers credit is a...
The Banker's Blog: New Guidelines for KYC in case of proprietary concerns
http://bankingfunda.blogspot.com/2010/03/new-guidelines-for-kyc-in-case-of.html
Banking Updates, Information, Tutorials, Study Material. Sunday, March 28, 2010. New Guidelines for KYC in case of proprietary concerns. Any two of the following documents have been mandated by RBI in its latest circular dated 26.03.2010 for KYC compliance of Proprietary concerns :. 1 Registration certificate (in the case of a registered concern). 2 certificate/licence issued by the Municipal authorities under Shop and Establishment Act. 3 Sales and income tax returns. Labels: Know your customer.
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Circulation and Readership Details. CBI looking for OR management solution. Dena Bank looking for managed ATM services. PNB wants tabs for remote a/c opening. Indian Bank plans mobile banking. BoB wants ATM monitoring solution. BoM to implement HRMS. Punjab and Sind Bank to have risk management system. Punjab and Sind Bank for digital signature. SBI plans new loyalty program. BoB looking for statistical solution. OBC to have RM system. New data center for Andhra Bank. Andhra Bank to set up call center.
The Banker's Blog
Banking Updates, Information, Tutorials, Study Material. Sunday, March 28, 2010. New Guidelines for KYC in case of proprietary concerns. Any two of the following documents have been mandated by RBI in its latest circular dated 26.03.2010 for KYC compliance of Proprietary concerns :. 1 Registration certificate (in the case of a registered concern). 2 certificate/licence issued by the Municipal authorities under Shop and Establishment Act. 3 Sales and income tax returns. Labels: Know your customer. Margin ...
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