Time Banking

startup costs that brick and mortar companies incur every time the company opens up a new location. These costs can be allocated if the company switched to an online storefront. Insurance would be greatly reduced since the company would no longer need to need to be liable for as many employees, and all the customers when they are on company grounds. The company’s debt would be greatly impacted as well if it was an online business. Every time a storefront opens there are deposits and monthly…

Bahrain based Islamic retail bank that is licensed and regulated by the Central Bank of Bahrain and provides retail, commercial, treasury and financial institutions and other banking services. Ithmaar bank provides a diverse range of Sharia-compliant products and services that cater to the financing and investment needs of individuals and institutions.  In 2003, Shamil Bank purchased all the assets and liabilities of FIBEC. Shamil Bank then sold the entire share capital of FIBEC to DMI and…

(PMI). PMB operates under PMI’s Asia Pacific Region headquartered in Hong Kong. Since its inception in 1847 in London (UK), Philip Morris has evolved into a global corporation. Accordingly, the management style of the company has also evolved with time. As a full affiliate of the parent company, PMB also follows a dynamic management in terms of style and practices similar to the parent company. In a nutshell, PMB has a decentralized but formal style of management. Decentralized While the…

Pacific & Orient started as a private limited company establish in 1994. Pacific & Orient Insurance or known as P&O Insurance is the main subsidiaries of P&O Berhad. P&O Insurance is one of the largest Malaysian general insurers, and listed on the Main Board of the Bursa Malaysia Securities Berhad in 1995. Since then, Pacific & Orient Berhad has diversified in business interests to include financial services and information technology services. These businesses have a common pool of human and…

Travancore Bank Ltd. has come a long way from being a bank started by the Diwan of Travancore, C.P. Ramaswami Iyer in 1945. Headquartered at Thiruvananthapuram, it was a premier bank of Kerala and undertook general banking business in addition to the government treasury work and foreign exchanges business. It achieved the name ‘State Bank of Travancore’ after it became a subsidiary of the State Bank of India (SBI) in 1960 under the SBI Subsidiary Banks Act, 1959. On 31st March 2017, it merged…

Online banking which also is referred to as internet Banking or electronic Banking (eBank), connects the consumers to the bank 's internet site through a browser as the means of conducting and managing various banking activities. It is noteworthy to mention that the banks are not restricted to exist exclusively online or to have a physical site; rather they can be any of the two or the combination of both. There are banks that have no physical sites, e.g. Telebank in Arlington, Virginia, while…

1. Depend on the argument that this problem is not a big issue as maturity assets can be shifted to another bank in exchange for assets. 2. Banks can increase its interest rates so that they can uphold these at the time of difficulty and attractive liability management can be used to solve the liquidity problem. But there is a similar problem that all banks face that is their liabilities mature faster than their assets and this can be overcome by the third option. 3. Debt monetization where…

years Electronic banking technologies have multiplied with products available such as ATMS, contactless payments, internet banking, banking apps and the ability to store cards to devices. This has led to the adoption of customers because of its efficacy and increasing ease to use but also as it cuts costs, stays competitive and attracts new customers from a business point of view. In agreeance Hogarth et al. (2004) claim that been the years of 2002 and early 2005 online banking increased 47…

As humans, we often assume that our sole purpose in life is to be happy at all times. Consequently narratives such as our physiological system, experience and culture systems on have taken advantage of this assumption and marketed happiness to vulnerable people who desire to attain happiness. In the article, “Immune to Reality” by Daniel Gilbert, the author discusses with the readers how our psychological system markets positive thoughts during negative situations in order to make us happy.…

step in the fundamental development in the banking system. Over the years there has been high increase in the use of internet and mobile banking. As a new way of performing banking transaction through a distribution channels. The development and increase in the information technology on the banking system has made operations and service for financial institution relatively easy and so increased customers satisfaction. As new methods of electronic banking services are formed the threats also…