Internet Banking

Evolution of the International Monetary System   Gold Standard Bretton Woods (1944-1973) Role of IMF SDR Role of World Bank Collapse of Bretton Wood   1. Gold Standard –        Currencies pegged to the value of gold; convertibility guaranteed –        The exchange rate between currencies was determined based on how much gold a unit of each [...]

The blood of a business is ‘capital’. Just like human body functions on blood, a business also functions on capital. When an organization has capital, it can reach great heights. However, the capital has to be planned and used well. If the capital is not invested smartly it would lead to huge disasters for the [...]

Banks are traditionally thought of as grand institutions, holding offices in high-rise skyscrapers, or large and spacious complexes in major cities. This is true in most cases, with many of the world’s major banks having their headquarters in such places as New York City. Elsewhere, growing in popularity is the idea of offshore banks, which [...]

“Work it, make it, do it, makes us, harder, better, faster, stronger.” There you have it–words of banking technology wisdom from the French techno duo, Daft Punk. Through application service provider (ASP) models, banks can not only implement the technology they need to stay competitive, but they can implement this high-quality technology faster. ASP environments [...]

Offshore banks have become more popular over the years as an alternative to traditional financial institutions. Their lower tax and interest rates have made them attractive to potential clients and depositors. Offshore financial centers actually have a lot of advantages that make them competitive against local banks, and it shows in the amount of capital [...]

The growth of housing finance in the country is largely because of the growth in the commercial banks as well as Housing Finance Companies (HFC’s). Over the years, there has been a considerable growth witnessed in the number of HFC’s. As on mid of June, 2010,there were nearly 52 HFC’s operating across the country which [...]