Introduction Of The Banking Industry Of Bangladesh Essay

The bank that we have chosen is Public Bank that is located in Ayer Keroh area. In Melaka, the area that the bank is located in Ayer Keroh is considered as the industrial area and also housing area which is not bad at all as it could benefits not only the residents but also the workers that are working in the factories nearby as well. The bank is located in between shops, restaurants and some car services shops as well. There are a lot of parking spaces available almost all the time. The bank is also located near to a main road where the road is also known as “Lebuh Ayer Keroh” (the highway of Ayer Keroh) by the locals that will have a lot of cars passing as this is the road that the

I initiate the coverage of Bank of Baroda. with a BUY rating as the bank has the price to book value ratio of 0 .82 as of March 2014 (0.99 as of April 10, 2015), which clearly proves that the bank is undervalued and it has the potential to gain in its price in future. Also , the industry-wide P/BV stood at 1.54 at the end of financial year 214, which further strengthens the point that an investor should go long in this particular stock.

Throughout my essay I will explain how I experienced the banking-concept and the problem-posing education system. In one hand, I definitely agree with Freire about his thoughts of banking concept but in the other hand I do not. Let me tell you my experiences from Hungary and the United States, so that might give you a better understanding.

When it comes to the topic of education, most of us will readily agree that as students, we need to be dedicated learners. Where this agreement usually ends, however, is on the question of how we should be educated. Some are convinced that we need to stick with what is currently in place. From this perspective, it is completely unnecessary to do something different if the method being used works. However, others maintain that we need to change. According to this view, people need to move away from what we are comfortable and familiar with in order to be better students. In sum, then, the issue is whether we should keep how our education works the same or not.

For most of us living in the 21st century, we have spent the majority of our childhood in a classroom. People usually have the same overall educational experience in the way of having teachers, homework, tests and spending hours studying. We could agree that the method of our education has also been the same; listening, note taking, memorizing, and hoping to God that we did not just bomb our most recent test. What if someone told us in high school that this grueling and boring process was all wrong? Well, this is exactly what, Paulo Freire, a Brazilian educator and philosopher, proposes in his essay, “The Banking Concept of Education.” Freire argues “banking education” stunts and discourages critical thinking and creativity. I would disagree with his position on “banking education” and maintain that it has endless advantages. There are many holes in his arguments and the solution he provides is vague and without proof or examples. While some portions of Freire’s argument deserve merit, I contend that his problems with the banking system are exaggerated and false. I would argue that not only is the banking system effective, but it also promotes the benefits that Freire claims it discourages.

There will always be someone who takes control of things. Those who are innately dominant will often possess a strong influence over others; some people in society have a tendency to lead while others follow. However, when the effect of power is negative, it becomes able to destroy the very thing it has control of. In Pedagogy of the Oppressed, the author, Paulo Freire, highlights such negativities in the classroom setting in an education system he calls the “banking concept”. This idea prevents active thinking and instead, the students absorb empty facts, keeping them stored in their memory. Although he discusses the alternative, more positive “problem-posing” concept, the banking principle seems to be more prominent in Chinua Achebe’s Things

Commerce bank has been a pioneer in the banking industry by reverting to customer service. This has driven customers to the bank, but in order to stay ahead on the curve they want to move away from the model that has worked for them. They should focus on the current model and enhance it, rather than change it.

Banking in India originated in the last decades of the 18th century. The first banks were The General Bank of India, which started in 1786, and Bank of Hindustan, which started in 1790; both are now defunct. The oldest bank in existence in India is the State Bank of India, which originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal. This was one of the three presidency banks, the other two being the Bank of Bombay and the Bank of Madras, all three of which were established under charters from the British East India Company. For many years the Presidency banks acted as quasi-central banks, as did their successors. The three banks merged in 1921 to form the Imperial Bank of India, which, upon India 's independence, became the State Bank of India.

The banking industry started long time ago to provide financial services to merchants in Athens, Venice, Genoa, Florence, and other commercial cities (Conant, 1915). Coins and banknotes were used to facilitate trading and exchanging goods. As the idea of money movement grew, central banks were developed to act as a third party center of trust (Rousseau & Sylla, 2003). For decades, banks used to work in the same manner using the same traditional business models as banknotes and paper records. In 1967, the first ATM machine was introduced (Kumbhar, 2011). The SWIFT foundation was then established in 1973 to secure money transactions between different banks. Swift messages do not transfer money; they just send PO (Payment Orders) that must be settled by financial institutions worldwide (Scott & Zachariadis, 2014). Recently, new changes took place in the surrounding environment where new digital products appeared, regulations were mandated, and customer behavior patterns were developed (Hirst, 2017). Bitcoin was introduced in 2009, though still not used in traditional banks, but it has emerged a new era of digitizing money and is considered as internet of money (Ali, et al., 2014). With these rapid changes, the need for strong credit scoring systems increases. Some countries have strict scoring systems based on customers’ historical loans and payments records, while other countries have less strict systems where people simply get

Athanasoglou, P. P., Brissimis, S. N., & Delis, M. D. (2005). Bank-specific, industry-specific and macroeconomic determinants of bank profitability (32026). Retrieved from Munich Personal RePEc Archive website: http://mpra.ub.uni-muenchen.de/32026/1/MPRA_paper_32026.pdf

Credit risk has been the subject of considerable research interest in Banking and Financial communities, and has recently drawn the attention of statistical researchers. The exposure to credit risk continues to be the leading source of problems in the banking industry and as a result needs to be managed. Credit risk is identified as a core pillar for the viability of banks and credit institutions (Michael et al., 2011)

The Reserve Bank of India (RBI) is India’s central bank. Though public sector bank’s currently dominate the banking industry, numerous private and foreign banks exist. India 's government-owned banks dominate the market. Their performance has been mixed, with a few being consistent profitable. Several public sector banks are being restructured, and in some the government either already has or will reduce its ownership.

The commercial banking system dominates Bangladesh's financial sector. Bangladesh Bank is the Central Bank of Bangladesh and the chief regulatory authority in the sector. The banking system is composed of four state-owned commercial banks, five specialized development banks, thirty private commercial Banks and nine foreign commercial banks. The Nobel-prize winning Grameen Bank is a specialized micro-finance institution, which revolutionized the concept of micro-credit and contributed greatly towards poverty reduction and the empowerment of women in Bangladesh.

Md. Mehadi Masud Lecturer Faculty of Business Studies Department of Accounting & Information Systems University of Dhaka

Sparing cash in India in the present day sense began in the latest numerous years of the eighteenth century. The among the first banks were Bank of Hindustan, which implicit 1770 and traded in 1829-32; and General Bank of India, secured 1786 yet failed in 1791. The greatest bank, and the most settled still in vicinity, is the State Bank of India. It started as the Bank of Calcutta in June 1806. In 1809, it was renamed as the Bank of Bengal. This was one of the three banks backed by an organization government, the other two were the Bank of Bombay and the Bank of Madras. The three banks were merged in 1921 to structure the Imperial Bank of India, which upon India 's opportunity, transformed into the State Bank of India in 1955. For quite a while the organization banks had gone about as semi national banks, as did their successors, until the Reserve Bank of India was made in 1935, under the Reserve Bank of India Act, 1934. In 1960, the State Banks of India was given control of eight state-related banks under the State Bank of India (Subsidiary Banks) Act, 1959. These are presently called its accomplice banks.