Duties and Responsibilities of Computer Operator in Bank

Duties of Computer Operator Working in a Bank ↓
Opening / modifying / closing accounts on the system including scanning of signatures duly authorised by competent official.
Add / modify / delete records in masters and parameter files jointly with higher authority.
Issue / delete cheque books on the system.
Accept and post Stop Payment instructions.
Accept, modify and delete standing instructions

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Documentary Letter of Credit LC - Trade Payments Instrument

Need for Documentary Letter of Credit LC
Normally, in international trade, the exporter may not be ready to take the risk of selling his abroad unless he is sure of getting his payment. Likewise, the buyer may not buy goods in international market from an unknown party due to risk of not meeting his requirements. Both these risks are quiet high, which may sometime result into major financial

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Different Forms of Advances by Commercial Banks - Loan Types

Advances by commercial banks are made in different forms such as demand loan, term loan, cash credit, overdraft etc. These forms of advances are explained below.

1. Demand Loan
In a demand loan account, the entire amount is paid to the debtor at one time, either in cash or by transfer to his savings bank or current account. No subsequent debit is ordinarily allowed except by way of interest,

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Principles of Good Lending Every Banker Follows - Loans

There are few general principles of good lending which every banker follows when appraising an advance proposal. These general principles of good lending are explained in this article.

1. Safety
"Safety first" is the most important principle of good lending. When a banker lends, he must feel certain that the advance is safe; that is, the money will definitely come back. If, for example, the

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Top Inventions and Discoveries by Scientists - A to Z List

Inventions and Discoveries by Scientist - A to Z List
Adding Machine, 1642. Inventor : Blaise Pascal (France) (1623-62). Earliest commercial machine invented by William Burroughs (U.S.) in St. Louis, Missouri in 1885.
Addressograph, 1893. Inventor : J.S. Duncan (U.S.). Manufactured in Chicago, Illinois.
Airplane, 1903. Inventors: Orville Wright (1871-1948) and Wilbur Wright (1867-1912), (U.S.)

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Balance Sheet of Commercial Bank - Liabilities and Assets

Commercial bank's balance sheet has two main sides i.e. the liabilities and the assets. From the study of the balance sheet of a bank we come to know about a system which a bank has followed for raising funds and allocation of these funds in different asset categories. Bank can have others money with it. It can be in terms of shareholders share capita, or depositors deposits. This money is the

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Reforms Developments in Indian Capital Market

Recent Developments in Capital Market of India
The Indian capital market has witnessed major reforms in the decade of 1990s and there after. It is on the verge of the growth.Thus, the Government of India and SEBI has taken a number of measures in order to improve the working of the Indian stock exchanges and to make it more progressive and vibrant.Image or picture of SEBI Bhavan (House) in

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Organizational Structure of Indian Capital Market - Chart

Structure of Indian Capital Market with Diagram
Broadly speaking the capital market is classified in to two categories. They are the Primary market (New Issues Market) and the Secondary market (Old (Existing) Issues Market). This classification is done on the basis of the nature of the instrument brought in the market. However on the basis of the types of institutions involved in capital market,

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What is Capital Market ? Meaning, Functions and Role

Meaning and Concept of Capital Market
Capital Market is one of the significant aspect of every financial market. Hence it is necessary to study its correct meaning. Broadly speaking the capital market is a market for financial assets which have a long or indefinite maturity. Unlike money market instruments the capital market intruments become mature for the period above one year. It is an

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Structure and Components of Indian Money Market - Chart

Structure of Indian Money Market - Chart ↓
The entire money market in India can be divided into two parts. They are organised money market and the unorganized money market. The unorganised money market can also be known as an unauthorized money market. Both of these components comprise several constituents. The following chart will help you in understanding the organisational structure of the

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Money Market Concept, Meaning, Definitions and Functions

Money Market Concept, Meaning
There are two types of financial markets viz., the money market and the capital market. The money market in that part of a financial market which deals in the borrowing and lending of short term loans generally for a period of less than or equal to 365 days. It is a mechanism to clear short term monetary transactions in an economy.
Definitions of Money Market

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Indian Money Market - Features, Drawbacks and Recent Reforms

Indian Money Market - Features
Every money is unique in nature. The money market in developed and developing countries differ markedly from each other in many senses. Indian money market is not an exception for this. Though it is not a developed money market, it is a leading money market among the developing countries.Indian Money Market has the following major features or characteristics :

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Monetary Policy - Its Meaning, Definitions Objectives Articles

Meaning of Monetary Policy
The term monetary policy is also known as the 'credit policy' or called 'RBI's money management policy' in India. How much should be the supply of money in the economy? How much should be the ratio of interest? How much should be the viability of money? etc. Such questions are considered in the monetary policy. From the name itself it is understood that it is related

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Instruments of Monetary Policy - Quantitative & Qualitative Tools

The instrument of monetary policy are tools or devise which are used by the monetary authority in order to attain some predetermined objectives. There are two types of instruments of the monetary policy as shown below.
(A) Quantitative Instruments or General Tools ↓
The Quantitative Instruments are also known as the General Tools of monetary policy. These tools are related to the Quantity or

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Limitations RBI’s Monetary Policy - India Money Management

Obstacles In Implementation of Monetary Policy ↓
Through the monetary policy is useful in attaining many goals of economic policy, it is not free from certain limitations. Its scope is limited by certain peculiarities, in developing countries such as India. Some of the important limitations of the monetary policy are given below.

1. There exist a Non-Monetized Sector
In many developing

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Economic Reforms of the Banking Sector In India - Brief

Economic Reforms of the Banking Sector In India
Indian banking sector has undergone major changes and reforms during economic reforms. Though it was a part of overall economic reforms, it has changed the very functioning of Indian banks. This reform have not only influenced the productivity and efficiency of many of the Indian Banks, but has left everlasting footprints on the working of the

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Narasimham Committee Report 1991 1998 - Recommendations

Problems Identified By The Narasimham CommitteeDirected Investment Programme : The committee objected to the system of maintaining high liquid assets by commercial banks in the form of cash, gold and unencumbered government securities. It is also known as the statutory liquidity Ratio (SLR). In those days, in India, the SLR was as high as 38.5 percent. According to the M. Narasimham's Committee

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Kashmiri Kesar Saffron World’s Costliest Spice - Farm Photos

Saffron / Kesar is World's Most Expensive Spice ↓
Saffron or Kesar is the world's most costly and expensive spice. It takes a lot of time, hard work and many painstaking efforts just to get few precious stigmas of Saffron. Saffron not only adds colour and taste to our foods but also gives pleasant aroma to a variety of delicacies. It has health promoting qualities one of which is that it brings

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Group Behaviour Development - Group Conflict Size Participation

Every Man is a part of some Social Group
Man is a social animal and he cannot survive in isolation. He is born as a part of a primary group which is his family and in most aspects of his life he operates as a part of a group. Being a part of a group gives him security, protection and often an identity but he also has some duties and responsibilities as a part of this group.

What is a Group?
A

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Rajendra Pal Mangla Hindi High School In Thane East - Photos

R.P. Mangla Hindi High School Photos Thane (E) ↓

Entrance gate of Rajendra Pal Mangla Hindi High School in Thane (East).

Playground and campus building photo of R. P. Mangla Hindi High School.

A zoomed photo of Mangala Hindi High School's sports playground.

Main school building of R.P. Mangla Hindi High School in Thane (East).

Entrance gate photo of R.P. Mangla High School when viewed from

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New Skywalk of Kalyan Station Now Open for Public - HD Videos

Newly Opened Skywalk at Kalyan Railway Station ↓



Watch HD Videos of Kalyan City's New Skywalk ↑

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Monetary Policy in India - 1990 Reforms and its Evaluation

Reforms in the Indian Monetary Policy During 1990s
The Monetary policy of the RBI has undergone massive changes during the economic reform period. After 1991 the Monetary policy is disassociated from the fiscal policy. Under the reform period an emphasis was given to the stable macro economic situation and low inflation policy.
The major changes in the Indian Monetary policy during the decade of

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Nationalisation of Banks in India - Introduction Objectives Demerits

Nationalisation of Banks in India - Introduction
After independence the Government of India (GOI) adopted planned economic development for the country (India). Accordingly, five year plans came into existence since 1951. This economic planning basically aimed at social ownership of the means of production. However, commercial banks were in the private sector those days. In 1950-51 there were 430

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Foreign Exchange Market - Foreign Currency Exchange Rate

Meaning of Foreign Exchange Market
The term market has been interpreted in Economics as the place where both the buyers as well as the sellers meet and they buy and or sell goods.Image Credits © Eric Flexyourhead
The foreign exchange market is a place where the transactions in foreign exchange are conducted. In practical world the external transaction requires the use of foreign purchasing power

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Balance of Payments BOP Theory - Find Exchange Rate

Introduction - Balance of Payments (BOP) Theory
BOP is yet another important theory of exchange rate determination. It is also known as General Equilibrium Theory.

According to this theory, when there is free market situation, the exchange rates are determined by the market forces i.e. demand for and supply of the foreign exchange. This theory is based on simple market mechanism in which the

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Purchasing Power Parity PPP Theory - Gustav Cassel

Introduction - Purchasing Power Parity PPP Theory
The first original reference of PPP Theory was made by David Ricardo. However, Gustav Cassel popularized this theory in 1918. According to PPP theory, when exchange rates are of a fluctuating nature, the rate of exchange between two currencies in the long run will be fixed by their respective purchasing powers in their own nations.
Foreign

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Commercial Banks - Definitions, Primary Secondary Functions

Introduction To Banks
Banks have developed around 200 years ago. The natures of banks have changed as the time has changed. The term bank is related to financial transactions. It is a financial establishment which uses, money deposited by customers for investment, pays it out when required, makes loans at interest exchanges currency etc. however to understand the concept in detail we need to see

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Religion of Buddhism and Teachings of Gautama Buddha

Buddhism catered to religious striving of the time. It was a midway between Hinduism and Jainism. Buddhism presented the ascetic traditions to Indian society. It had more followers abroad than in India. Buddhism was one imprint that India left on other civilisations.
Gautama Buddha (The Founder of Buddhism)

Gautama Buddha was the founder of Buddhism. He belonged to the Kshatriya clan of Sakya.

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How To Summarize A Passage ? Summarization Skills Techniques

Introduction To Concept of Summarization ↓
A summary is a short statement or statements that give only the main points or core information of something excluding redundant information. Basically it reproduces main points of a speech, article, section, chapter or book. It does not strive for the style and tone of the original.
Today's work culture ultimately requires summary writing skills to

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How To Prepare For Successful Job Interviews ? Interview Tips

How to Prepare for Interview?
Every person should have the ability to stand on one's own feet. This is generally possible only if one is economically independent. Every student aspires to get selected for a job of his / her choice. But not everybody is successful. In this article, the student is offered a know-how of success in interviews. Right preparation will enable the student to develop a

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International Units of Scientific Measurement - SI System

International System of Units SI
Sevres, France based International Bureau of Weights and Measures, serves as a depository for the primary international standards and as a laboratory for certification and intercomparison of national standard copies. In 1960, the SI system was built upon the MKS system, that is, metre-kilogram-second system, which has seven basic units. These are as follows :-

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Real Living Snake Found Hiding Inside a Computer - Photos

Snake Found Hiding Inside A Computer - Photos ↓

This strange incident took place in an I.T. company's office some were in Bangalore, India. A staff Engineer was unable to boot his computer, so he decided to open PC's Cabinet and troubleshoot the problem himself. However, was shocked to find that it was not a hardware issue else a snake problem. Following photos show how he handled this

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How Indian People Pay Park Motorcycle Bikes ? India Photos

Pay & Park of Motorcycle Bikes At Thane Station ↓

Systematic Pay and Park facility for Motorcycles near Thane Railway Station.

Photo showing Newly build Thane Skywalk and Motorcycles / Bikes systematically parked on western side of Thane Railway Station in India.

Another close-up photo of pay and park motorcycle facility at Thane Station.
Motorcycle Parking, Thane Railway Station - India ↑

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Amphiesma Stolatum - Buff Striped Keelback - Pet Snake

Photo Gallery - Buff Striped Keelback - Pet Snake ↓

My friend's Indian pet snake a native Buff Striped Keelback. Scientific name of this local snake is Amphiesma Stolatum. Its local Marathi name is Naneti.

Pet Snake Buff Striped Keelback slowly crawls on a green leaf of plant.


Video Buff Striped Keelback Amphiesma Stolatum ↓

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Physics Definitions Terminology Dictionary Glossary - Reference

Basic Physics Terminology For Science Students ↓
Absolute Zero or zero on the absolute temperature scale is the lowest temperature theoretically possible and is equal to -273.15°C or -459.67°F.Adiabatic process is a process in which no heat enters or leaves a system. An adiabatic expansion results in cooling of a gas whereas an adiabatic compression has the opposite effect.Advection is a process

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Functions of Reserve Bank of India RBI - RBI Credit Policy

Functions of RBI ( The India's Central Bank ) List ↓
As a central bank, the Reserve Bank has significant powers and duties to perform. For smooth and speedy progress of the Indian Financial System, it has to perform some important tasks. Among others it includes maintaining monetary and financial stability, to develop and maintain stable payment system, to promote and develop financial

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