In the banking & insurance sector, digital transformation is making two major changes. The first concerns the customer and user experience. Indeed, on the Internet, customers have access to a large amount of information on banking and insurance products. Before contacting an advisory, they realized between 50% and 70% of their purchasing process. Thus, the first interaction with your customers often happens on the internet. That is why it is necessary to take care of your customer journey on the web.
Banking & Finance
Banking & finance both combine the study of modern banking and finance for business. Banking and Finance is a basic business subjects in which probably acquiring the matters of finance are discussed. Probably business acquired the business finance from the different banks and the study of such financing for business is known as banking & finance in business education. Today in banking & finance there is a enough scope and every year a lot jobs opened for youth.
After a long cycle of price stability inflation seems to return around the world. Central bank stimuli to create inflation and rising oil prices are helping. We analyze all the causes and effects that inflation will have on the economy.
To know exactly what methods of exchange control are? First we should try to understand that what exchange control is? Exchange control refers to the policy of the government through which it controls or intervenes in the foreign exchange market. In other simple words, government puts restrictions on the sale and purchase of foreign currencies and refers a measure which influences the foreign exchange rate and closing free movements of foreign exchange in the country.
There are four reliable methods of advancing loan by banks. As we know that “banks borrow to lend”. After keeping a portion of the total deposits, as cash reserve, the balance amount is either invested or advanced to needy persons and businessmen to earn profit. Hence for this purpose, bank advances his balance cash by using different methods. These methods are known methods of advancing loans from bank.
Letters of credit are issued by the bank to his customers specially the businessman to provide facilities in the business transaction in different places. There can be personal letters of credit and commercial letters of credit. Commercial letter of credit is used in foreign trade when one exporter wants to get the value of his exported goods before the delivery of importers, and the importers in such a situation get help from bank in the shape of issuing “Letter of Credit”, to receive the delivery of the good.
There are number of reasons of dishonor of cheque and without any valid reason, bank never refused to make payment. If the bank for a valid reason refuses to make the payment of a cross cheque, this cheque is called as a “Dishonored Cheque”. It is the duty of the bank to honor the cheque of his clients if complete or valid in all respects. However, the bank can refuse to make the payment of a cheque in the following cases:
To understand what the different types of securities are? Firstly we should know about what security is? The words security means safety or guarantee of any kind, which may be verbal, personal or in the form of any property. It is very essential for a creditor to secure his loan or advances through different securities. A security is a right possessed by a creditor in property or anything to convert the same into cash, if the debtor fails to refund the amount advanced with the interest.
The principles of note issue are classified into two classes. One opinion says that complete conversion of notes into gold bars is known as the “Currency Principle”. The second advocates the elasticity in the supply of money according to the needs of trade and commerce, known as “Banking Principle”. These two theories are discussed below in detail:-
Instead of asking about how to control deflation? Just go and explore in internet world, you will have a lot ways to control deflation. It is clear that deflation reduces the general price level which is due to decrease in output and employment. It is a set back to the rate of economic growth in the country. The government must take steps to correct the adverse situation.
There are a number of causes of deflation, but before talking about all these causes of deflation, it is also important to talk about deflation that what is deflation? How different authors define deflation: – Deflation is gradually decreased in the prices of general products and services and known as deflation. Different authors define the deflation in different words.