Financial News

What are the four fundamental functions of verbal communication? Answer: Verbal communication is the use of words to share information with other people. Verbal communication involves listening, speaking, writing and reading. Listening: The most important part of verbal communication is to listen actively to properly understand the messages of the speaker and to reciprocate effectively [...]

Module A: Theory and Process of Communication Meaning and Importance of Communication, Business and Banking Communication. Principles of Business Communication, Process of Effective Communication (Model), Factors affecting Communication, Ethics in Communication.   Module B: Classification and Methods of Communication Major types of communication: Verbal, Non-Verbal and Visual. Other types of Communication: Downward, Upward, Horizontal, External, [...]

What do you mean by professionalism? Describe the elements of professionalism in brief. Answer: Professionalism: Professionalism does not mean wearing a suit or carrying a briefcase; rather, it means conducting oneself with responsibility, integrity, accountability, and excellence. It means communicating effectively and appropriately and always finding a way to be productive.   The elements of [...]

What are the steps of effective business communication? Describe each step very briefly. Answer: Effective communication is a key factor of an organization. We can follow the following steps for achieving an effective business communication.   Provide useful information: Provide the recipients practical information so that the information may lead to solution of a particular [...]

  What are the importance of business communication in an organization?   The main purpose of business communication is to improve organizational practices, eliminate confusion, keep employees informed and reduce errors. Effective business communication is essential for the success and growth of every organization. The three key business areas require precise and impactful communication between [...]

  Describe about the importance of communication?   Effective business communication is essential for the success and growth of every organization. Communication is very important for every person in the world. Whether it’s to succeed in a career or in a personal life. Here are some aspects where communication plays very important roles: Corporate Perspective: [...]

Scope of Economics? What do you mean by communication and business communication?   Communication: Communication applies to the exchange of ideas and thoughts within two or more individuals. It can be done through writing, speech, gestures, symbols, or written communication. Communication is a continuous transmission of a message among two or more individuals the sender [...]

Scope of Economics? The scope of economics is the area or boundary of the study of economics. In scope of economics we answer and analyze the following two main questions: (i) What is the subject matter of economics? (ii) What is the nature of economics? The subject matter of economics is divided into two: i) [...]

What do you meant by corporate governance? Answer: Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The shareholders' role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in [...]

Use of Trade Finance Techniques in Different Global Region! Open Account: Transactions mainly between exporter and importer; risky for exporter; involvement of banks are insignificant and thus low source of revenue; relatively cheap for the traders; guided by the purchase/sale contract; limited control of the regulators; greater involvement of country risk; high ML risk.   [...]

Bank Payment Obligation! BPO is a payment tool offering a level of security similar to that of a letter of credit. The BPO is an irrevocable undertaking on the part of an obligor bank (typically that of a buyer) to recipient bank (typically that of a seller) to pay a specified amount on agreed date [...]

Case Study on Consumer Borrower! Bank has sanctioned a Card facility to Mrs. Rahela with a limit of BDT 500,000. As per application she was the director of X Group & her husband’s name was mentioned as Monir (fake). Mr. Monir has also taken a personal loan & card facility from the bank amounting to [...]

Case Study on Successful Borrower ? JMI Syringes and Medical Devices Ltd. as a joint venture with South Korea was established as a Private Limited Company in April, 1999. But at present it is a Public Limited Company. The project is situated at Noapara, Choddogram in the district of Comilla. The project is a pioneer [...]

Credit Sanctioning  Procedures/ Investigation and Disbursement ?   Loan Sanction Activities: ASSESSMENT OF CREDIT NEEDS OF A LOAN APPLICANT : The requirement of the funds shall be assessed keeping in view loan/limit applied by the borrower-applicant and actual business need computed on the basis of prevalent policy of the Bank for assessing credit requirement subject [...]

Suggested Checklist for Document Preparation and Examination: For the bank which receives the documents:   The letter of transmittal: Ensure: that it is addressed to your bank, that it has a current date, that it relates to the Documentary Credit number referenced, that the documents enumerated are attached, that the value of the documents and [...]

Requirement for examination: Finance: Finance means provision of funds from surplus economic units to deficit spender    Credit: Credit is the financial arrangement between lender and borrower along with some term and condition. It is the confidence of the lender on the ability and willingness of the borrower to repay the debt when dues.    [...]

WORLDBANKS Apps now in Google Play Store FUTURE WILL BE COME WORK.... https://play.google.com/store/apps/details?id=worldbanks.aplicrpc&hl=en   www.worldbanks.news is one of the leading online resource covering all private-public, commercial-specialized, local-foreign banks information those are operating their services in Worldwide. We store world banks details, all banks products and financial information of the world Banks. We also publish updated [...]

MCQ (Multiple Choice Question): Question: A credit that requires presentation of an invoice will be satisfied by which of the following? Commercial invoice. Proforma invoice. Sales invoice. Tax invoice. Select one: A) 2 and 4 only. B) 1 only. C) land 3 only. D) 1, 3 and 4 only. Answer: 1, 3 and 4 only [...]

Owner and Executive Principal Managing Partner of VIP Capital Funding :Joshua Triplett   Joshua Triplett CEO of VIP Capital Funding who specializes in helping small-mid sized businesses procedure capital as a leading fin-tech industry in the nation sees a bright future for small-mid sized businesses With the new Biden Administration settling in, many businesses who [...]

Valley National Bancorp to Announce First Quarter 2021 Earnings April 02, 2021 (worldbanks.news) - Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its first quarter 2021 earnings before the market opens on Thursday, April 29, 2021.   Valley’s President and CEO, Ira Robbins will host a conference call [...]

This week in monetary policy: Kazakhstan, Canada, Uzbekistan, Serbia, ECB, Peru and Belarus   This week - March 8 through March 13 - central banks from 7 countries or jurisdictions are scheduled to decide on monetary policy: Kazakhstan, Canada, Uzbekistan, Serbia, the European Central Bank, Peru and Belarus.   Following table includes the name of the [...]

Tajikistan raises rate on inflation after RRR also raised   Tajikistan's central bank, one of the three central banks worldwide to have tightened monetary policy in the months prior to last year's outbreak of the COVID-19 pandemic, has raised its rate in response to rising inflation, the week after reserve requirements were raised. The National [...]

UPDATE-This week in monetary policy: Sri Lanka, China, Malaysia, Canada, Brazil, Japan, Indonesia, Norway, Turkey, Ukraine, Uzbekistan, ECB, South Africa, Paraguay and Pakistan: UPDATE: Following item updated with Pakistan after the State Bank of Pakistan on Jan. 19 announced its monetary policy committee would meet on Friday, Jan. 22 to decide on monetary policy. The [...]

Adds Sri Lanka & Ghana :   Herewith the second draft of the 2021 calendar of meetings by central bank committees that decide monetary policy, which adds the schedules for the central banks of Sri Lanka and Ghana.   For Sri Lanka, the previously scheduled meeting on Jan. 21 has been changed to Jan. 19 [...]

Global Interest Rate: worldbanks.news publishes inflation targets for central banks as a complement to the Global Interest Rate Monitor (GIRM). Price stability is a common goal for central banks with some inflation targets set by governments while other targets are set by central banks. Other goals may include maximizing economic growth, optimal employment, exchange rate stability and [...]

Dominican Rep. holds rate 4th time   The central bank of the Dominican Republic maintained its key interest rate for the fourth month in a row and while it reiterated inflation temporarily will exceed its target, it also forecast economic growth in 2021 will exceed its potential and output should rise around 6.0 percent.   [...]

CHAPTER 1. INTRODUCTION AND GENERAL INSTRUCTIONS 1.1 Introduction: NBFIs include all depository and non-depository financial institutions. The NBFIs which have the authority to receive deposits are treated as Non-bank Depository Corporations (NBDCs). As the NBDCs are the part of NBFIs, so in the first part of this guideline all definitions, explanations, interpretations and illustrations have [...]

Swiss National Bank maintains expansionary monetary policy: The coronavirus pandemic and the measures implemented to contain it have led to a severe downturn in economic activity and a decline in inflation both in Switzerland and abroad. The SNB’s expansionary monetary policy remains necessary to ensure appropriate monetary conditions in Switzerland. The SNB is keeping the [...]

Uzbekistan's central bank lowered its policy rate for the second time this year, saying the absence of upward pressure on inflation gave it monetary policy room to maintain moderately positive real interest rates and economic activity during the COVID-19 pandemic.       The Central Bank of the Republic of Uzbekistan (CBU) cut its refinancing [...]

The European Central Bank (ECB) maintained its ultra-low interest rates and asset purchase program, as widely expected, and while it acknowledged it was keeping an eye on the dampening impact of the euro's recent rise on inflation, it also raised its forecast for economic growth and inflation slightly.   The ECB, the central bank for [...]

 Moldova’s central bank cut its main interest rate for the fourth time this year to stimulate demand and economic activity as well as boost inflation so it achieves its primary objective.      The National Bank of Moldova (NBM) cut its base rate by another 25 basis points to 2.75 percent and has now cut […]

Kazakhstan holds rate Kazakhstan's central bank left its benchmark interest rate steady, but lowered its forecast for economic growth this year based on the deeper-than-expected fall in activity in the second quarter and the extension of the lockdown over the COVID-19 pandemic during the first half of August. The National Bank of Kazakhstan (NBK) kept [...]

Turkey holds rate for 3rd time: Turkey's central bank left its key interest rate steady for the third time, confirming its view the economic recovery is gaining pace and as part of a normalization of policy it would again raise reserve requirements so all the liquidity that was injected in March is now withdrawn. The [...]

Monetary Policy Statement, 2020-21 Resolution of the Monetary Policy Committee (MPC) August 4 to 6, 2020* On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (August 6, 2020) decided to:   • keep the policy repo rate under the liquidity adjustment facility [...]

Central Banking and Monetary Policy Concepts: What is a Central Bank? A central bank central bank is an institution that issues currency, regulates money supply, controls interest rates, oversees financial market and financial system stability and operations.  Many central banks also have an oversight role for the banking industry in their jurisdiction; having input into [...]

Policy Highlights: Central Bank News' Global Monetary Policy Highlights (GMPH) provides readers with an overview of key events in global monetary policy, such as new policy initiatives, a switch in policy bias, key rate changes or important speeches and papers.   GMPH includes a summary of each month’s total rate cuts and rate rises with a list [...]

Following is a list of chief executives of 200 national central banks and monetary authorities. In most cases, the chief executive is a governor but the function can also be held by a president or chairman.   Some countries join a regional central bank, such as the Bank of Central African States (BEAC) or the European Central [...]

Financial and Banking News A policy brief to accelerate technology delivery in agriculture     Agricultural research and extension services in the country achieved momentum during the green revolution campaign that started in the early 1970s with strong support and guidance from Bangabandhu Sheikh Mujibur Rahman, who envisioned the expedient development of Bangladesh as a […]

Financial and Banking News EBL introduces export factoring solution Becomes the first bank to provide the new financing method for exporters   EBL introduces export factoring solution AKM Zamir Uddin   Eastern Bank (EBL) yesterday rolled out a novel export factoring solution — just the day after the central bank issued the guideline for it […]

Financial and Banking News WB’s purse strings always open for Bangladesh Says its Country Director Mercy Tembon     WB’s purse strings always open for Bangladesh Rejaul Karim Byron and Md Fazlur Rahman   The World Bank has been an ever-reassuring presence in Bangladesh’s growth narrative, and the multilateral lender will continue to play that role, […]

Financial and Banking News Human space flight Flying people to the Space Station will be SpaceX’s biggest deal yet     It ought also to end NASA’s old way of commissioning hardware     IT WAS ONE of those neat bits of symmetry that history seems to enjoy. On May 30th, at 15.22 local time, […]

Financial and Banking News The shape of things to come The Crew Dragon mission is a success for SpaceX and for NASA     The most eagerly anticipated space mission for a decade or more     The echoes were obvious. The first launch of an Apollo spacecraft with a crew took place in 1968, an […]

Financial and Banking News Beyond the pale Will Silicon Valley face up to its diversity problem?     The tech industry’s response to the killing of George Floyd has been stronger even than in other parts of the economy   To get a sense of diversity in tech, take a stroll on University Avenue in Palo […]

Financial and Banking News Art Auction or Game Show? Sotheby’s Tries Something New   With a “multicamera global livestream” in place of its usual New York sale, the auction house tried breathing life back into a pandemic-numbed market.   LONDON — “This is what we like: the ping-pong between New York and Hong Kong. We […]

Financial and Banking News As Sales Rise, Automakers Ramp Up Production   Demand has been stronger than expected since states began reopening, but some experts worry about the effect of a new surge in coronavirus cases. Just two months ago, the auto industry was bracing for disaster. As the coronavirus spread, automakers shut down plants, […]

Financial and Banking News Amazon to Buy Zoox, in a Move Toward Self-Driving Cars The online retailer is taking steps to move people, as well as packages. A Zoox car on a test drive in San Francisco.Credit…Andrej Sokolow/picture alliance, via Getty Images   SEATTLE — Amazon said on Friday that it was buying the autonomous […]

Financial and Banking News Meat Market Tenderized by China Tops a Big Week for Global Food China has taken some unprecedented and unexpected steps to stir confusion and controversy when it comes to linking coronavirus outbreaks to food, acting against the advice of experts who say there’s little science backing the connection. The country’s customs officials are […]

Banco CorpBanca Banco CorpBanca is the fourth largest private bank in Chile. The Bank provides financial advisory services, mutual fund management, insurance brokerage and securities brokerage services through its subsidiaries. CorpBanca also offers Internet banking to its customers 24 hours a day through its password-protected Internet site. Total assets: US$ 28.1 billion (as of December […]

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]