Report on Letter of Credit

in between those who want to borrow money and those who want to lend money. The reason for the existence of financial intermermediaries is they process

In the age of information technology, the strict and formal procedures that were once crucial to the foundation of trade are slowly vanishing as the capability to effortlessly communicate worldwide has turned the world into a global community. However, in this day and age, there are still some fundamental

International business can be defined as the exchange of goods and services across borders through the use of negotiators. It can be thought of as the deliberate investment into another country with the gain of a commodity in the transaction. Through the fast paced train known as globalization, many companies have found international business transactions to be quite fruitful as they spread losses and create new opportunities for growing markets and raw materials. As mentioned before, international business transactions are made possible through negotiators; the focal firm, the government, distribution channel

Banks are the most significant players in the Indian financial market. They are the biggest purveyors of credit, and they also attract most of the savings from the population. Dominated by public sector, the banking industry has so far acted as an efficient partner in the growth and the development of the country. Driven by the socialist ideologies and the welfare state concept, public sector banks have long been the supporters of agriculture and other priority sectors. They act as crucial channels of the government in its efforts to ensure equitable economic development.

“International Business conducts business transactions all over the world. These transactions include the transfer of goods, services, technology, managerial knowledge, and capital to other countries. International business involves exports and imports.” (Kalyan, 2011)

The Mission statement of the bank is to “help you make progress toward your goals”. Which means to provide simple ways to spend, save and manage the money of the consumers. Nowadays, banks operate in those sectors where the environment is stable but nonetheless many banks are facing aggressive competition but fighting back to the competition is vital role to play to generate

22. Rangrajan C, ‘Importance of Co-operative Banking under changed banking scenario’-The Bankr-The Indian Banks Association, Volume No. 44 (&) , September, 1997

d. Financial intermediaries – include banks, credit companies, insurance companies, and other businesses that help finance transactions or insure against the risks associated with the buying and selling of goods

Presenting a research report of this type is an arduous task demanding a lot of time. I cannot in full measure reciprocate the kindness shown and contribution made by various people in this endeavor. I will remember all of them with gratitude.

This report has been submitted to Kimathi University college of Technology in partial fulfillment of the requirements of Bachelor of Commerce (Accounting) Degree.

I would like to express my gratitude and appreciation to everyone who gave me the possibility to complete this report. A special thanks to our course coordinator, Mr. Waseem, whose help, suggestions and encouragement, helped me to make my report.

It is my gratification to submit an analysis on “Performance analysis for conventional banks in Bangladesh: CAMELS rating.” as a part of my thesis program of MBA. I cordially tried to gather apposite information for preparing a paper by following and analyzing the proposal. I believe that the knowledge and experience I have congregated during my thesis period and while preparing the report; have enlarged my learning into this field and will eminently help me further in

In the partial fulfillment of the requirement of Master of Business Administration (M.B.A.) Program (2002-2004) Hemchandracharya North Gujarat University, Patan.

The name Urban Co-operative Banks (UCBs), however not formally characterized, alludes to essential co-Operative banks situated in urban and semi-urban regions. These banks, till 1996, were permitted to loan cash just for non-farming purposes. This qualification does not hold today. These banks were customarily fixated on groups, regions, work put bunches. They basically loan to small borrowers and organizations. Today, their extent of operations has augmented significantly. Urban co-operative banks and in parallel with Mahila urban co-operative banks were set up with the goal of advancing economical managing an account rehearses among a generally particular target customer base viz., the center wage strata of the urban populace. They were brought under the administrative ambit

(iv) Banks arrange for payments by changes, order or bearer, crossed and uncrossed, which is the easiest and most convenient, besides they also care for making such payments as safe as possible.