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A bank is defined as a commercial institution licensed as a receiver of deposits and give of loans both short and long term. Section 5(I)(b) of the Banking Regulation Act, 1949 defines banking as, “the accepting for the purpose of lending or investment, of deposits from the public, repayable on demand or otherwise, and withdrawal by cheque, draft, order or otherwise”, Section 5(I)(c) defines a banking company as, “any company which transacts the ...
"Economics of Development and Planning" the book is prepare to understand easy to the subject Economics. The author has try to take most of part in the book. Hope this book will be useful for the students, teachers and readers. The publisher has done an excellent job in bringing out this edition. With their professional approach and qualitative effort. I am sure that the students will find this book easier to access and pleasing to read. In the interest ...
It is impossible to appreciate how the financial system works without understanding risk. In the modern financial world, virtually all transactions transfer some degree of risk between two or more parties. These risk trades can be extremely beneficial, as they are in the case of insurance markets. But there is still potential for disaster. In 1998, risk-trading activity at Long-Term Capital Management (LTCM) threatened the stability of the international financial ...