Case Study On Laxmi Vilas Bank

of CGUs) and then to the other assets in the CGU (or groups of CGUs) pro-rata on the basis of the carrying amount of each asset in the CGU (or groups of CGUs). An impairment loss recognised for goodwill is recognised immediately in profit or

Managing a Bank crisis is one of the most difficult tasks of a regulator. Banks and financial institutions had to take counter measures in order to survive and remain competitive. Efficient regulatory framework identifies the benefits of a sustainable financial system. It helps the organizations to work efficiently, objectively and the country will have transparent markets. Regulatory system is open minded to the needs of investors when implementing directions to curtail regulations for certain types investment related products and services. It also maintains accountability with respect to market participants and policy makers.

This case is about all the banking activities carried out by SBI bank in the rural areas. Where SBI bank appoints BC's who work on behalf of them in areas where SBI can't initiate the process themselves. The case also consists personal experiences of a marketing executive who used to work for the business correspondent and consumer behaviour of rural people are included in the case study.

The following are the required steps to identify, recognize and measure the impairment of a long-lived asset (group) to be held and used:

The authoritative guidance for asset impairment is to ensure that impairment is recorded and dealt with as depreciation. The scope of the standard is writing off of assets and depreciation. According to the guidance of 360-10-35, it address how long-lived assets that are intended to be held and used in an entity’s business shall be reviewed for impairment. The impairment loss can only be recognized if the carrying amount of a long-lived assets is not recoverable and

The United States Congress chartered the Second National Bank in 1816 in order to control unregulated currency at the state-level banks. After several states questioned the constitutionality of the bank, Maryland imposed a tax on all banks that were not chartered by the state. By 1818, Maryland approved legislation of taxing the Second National Bank of the United States that was chartered by Congress, which is part of the Federal Government.

But rather must perform comprehensive financial and economic analysis to ascertain the risk involve and the level they can take (Murray & Andrew, 1998: Chartered Institute of Bankers, 2015; 1994; Ishola,

The growth of the bank’s revenue for its shareholders, is also as a result of the respect the bank has on delivering quality services, respecting the views of everyone involved in their business, having a leadership system that is easily approachable, being

ending is the principal business activity for most commercial banks. The loan portfolio is typically the largest asset and the predominate source of revenue. As such, it is one of the greatest sources of risk to a bank’s safety and soundness. Whether due to lax credit standards, poor portfolio risk management, or weakness in the economy, loan portfolio problems have historically been the major cause of bank losses and failures.

An essential three-year maintenance cycle has been set up for all record arrangement, unless generally determined in the Corporate Retention Schedule, considering Federal, State, and other administrative statutes. It is expected that most working units of the organization will discover this maintenance period adequate to address their issues; notwithstanding, all maintenance periods are liable to reevaluation before genuine transfer happens. Finman has certain records that ought to be ensured on the grounds that they contain data which is considered either private/touchy or key to the organization's presence. The Records Retention Policy gives orders to the best possible administration of those records whose importance to Finman requires excellent security from misfortune or abuse and those records fundamental to the survival of Finman's business taking after a fiasco. It is likewise in the organization's best

Diversification in their operation in keeping money including protection speculation saving money resources administration and increment the office for versatile managing an account.

On January 1, 2012 a balance of $3,000,000 existed in the unproved property account and a balance of $1,8000,000 existed in the allowance for impairment account, based on a policy of maintaining a 60% allowance. During the year, leases which cost $400,000 were surrendered, whereas new leases costing $750,000 were purchased. Proved reserves were found on a lease costing $500,000. Make the year-end entry to record amortization of unproved properties. Comment on the acceptability of the company’s policy.

The nature of our work requires that we retain specific records for specified times in order to comply with legislation. These include:

Century National Bank has offices in several cities in the Midwest and the southeastern part of the United States. Mr. Dan Selig, president and CEO, would like to know the characteristics of his checking account customer. To better understand the customers, Mr. Selig asked Ms. Wendy Lamberg, director of planning, to select a sample of customers and prepare a report. To begin, she has appointed a team from her staff and the team has selected a random sample of 60 customers. All the information gathered is tabulated in the table below:

Biggest number of employees in banking sector and it spends a considerable amount of income in employee’s salary compensation