KALYAN CITY BLOG

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 bank's liabilities. On the other hand bank's own sources of income leads to generation of assets for bank. Balance Sheet of a Commercial Bank Liabilities Assets a. Share Capital a. i. Cash in Hand b. Reserve Funds ii. Cash with the Central Bank (RBI) c. Deposits iii. Cash with the other banks i. Fixed Deposits b. Money at short ii. Saving Deposits c. Bills and securities discounted iii.Current Deposits d. Investment of bank iv. Other Deposits e. Loans and Advances given d. Borrowings f. Other Assets e. Other liabilities Bank's Liabilities Bank's liabilities c

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.) Kitty Hawk, North Carolina. Airship (non-rigid), 1852. Inventor : Henri Giffard (France) (1825-82). Steam-powered propeller flew over Paris (1852). Airship (rigid) , 1900. Inventor : Graf Ferdinand von Zeppelin (Germany) (1838- 1917). Bodensee. Antiseptic , 1867. Inventor : Dr. Joseph Lister (England). Arc Lamp , 1879. Inventor : C.F. Brush (U.S.) (1849-1929). Cleveland, Ohio. Argon , 1894. Discoverers : Sir William Ramsay and Baron Ray Leigh (Great Britain). Aspirin , 1899. Inventor : Dr. Felix Hoffman, Germany. Atom Bomb , 1945. Inventor : Julius Robert Oppenheimer (U.S) (1904-1

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 borrower invests the money in an unproductive or speculative venture, or if the borrower himself is dishonest, the advance would be in jeopardy. Similarly, if the borrower suffers losses in his business due to his incompetence, the recovery of the money may become difficult. The banker ensures that the money advanced by him goes to the right type of borrower and is utilized in such a way that it will not only be safe at the time of lending but will remain so throughout, and after serving a useful purpose in the trade or industry where it is employed, is repaid with interest . 2.

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, incidental charges, insurance premiums, expenses incurred for the protection of the security etc. Repayment is provided for by instalment without allowing the demand character of the loan to be affected in any way. There is usually a stipulation that in the event of any instalment, remaining unpaid, the entire amount of the loan will become due. Interest is charged on the debit balance, usually with monthly rests unless there is an arrangement to the contrary. No cheque book is issued. The security may be personal or in the form of shares, Govt. paper, fixed deposit receipt, life insurance pol

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 loss. This perception is not congenial to development of international trade. The seller, therefore, needs an assurance of payment on behalf of the buyer; similarly, a buyer would want somebody to ensure due performance by the seller as per the contract. Both the parties can feel satisfied, if a professional intermediator like bank lends his support by issuing Documentary Credit on behalf of the buyer (importer) in favour of the seller (exporter). What is a Documentary Credit ? Meaning, Definition A Documentary Credit is an instrument, which can be used for settling the trade payments. It

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 as per customers' instructions. To key in particulars of the vouchers / documents correctly and authenticate the same in token thereof. To compare particulars of the keyed in data with the visual display unit and/or from the printout and ensure that the data is entered correctly into the computer and effect such corrections as may be necessary according to the operational procedures of the system. To maintain / authenticate register/s as notified by the bank from time to time for documenting physical security, access control, breakdowns, corrections etc., on a day to day basis to e

What is Video Conference ? Video Teleconference or Video Conference is an interactive groups of people or individuals at telecommunication in different locations via two-way video and audio transmissions. Components Required For A Video Conference In contemporary kala following components are required to arrange a video conferencing. Video Input : Video Camera or Webcam. Video Output : Computer Monitor, Television or Projector. Audio Input : Microphones. Audio Output : Loudspeakers. Data Transfer : Internet, LAN, Digital Telephone Network. Role of Video Conferencing Basically, Video Conferencing plays an important role in developing relations of people of various fields and used for various purposes. It enhances face-to-face communication irrespective of geographical distance. In a business organisation, it is used to increase efficiency and bring transparency. Thus, it is an improtant technique to improve communication in todays era. Use of Video Conferencing

Email Etiquette In Business Organisation Today, in a business organisation, email messages are required. Their mode varies from traditional model. One must remain alert while sending email as inappropriate, incomplete, ambiguous email may hinder smooth communication. Hence, one has to follow proper method while sending and reading emails. And ask for clarification to avoid any dispute. Most of the companies are using emails considering wide range of work and constant mode of reporting. Since, frequent meeting, reporting and feedback is required, people who are using emails are not able to follow rules and regulations of business letter-writing. emails do have their own limitations and strengths. Short forms, signals, symbols that are used, vary from company to company. They are altogether different from the language that we use in letters and face-to-face communication. These new signals, symbols, short forms must be used by considering reader's knowledge and availability of re