LPB-Module: 2 CUSTOMERS & ACCOUNT HOLDERS

CUSTOMERS & ACCOUNT HOLDERS

Introduction: Customer Customer is a person who has an account either savings account, current account, term deposit account or maintains any similar relationship with a banker such as deposit cash to others account, makes DD, deposits cheques to others account etc. Account Holder: Account Holder is any person designated and authorized to perform business on

INTERNAL RECONSTRUCTION OF COMPANIES

Meaning: Internal reconstruction is an internal re-arrangement of capital of a financially unsound company such that the company instead of going into liquidation, reconstructs itself internally by altering or by reducing capital of its shareholders, claims of debenture holders, creditors and other lenders with their consent. The essence of internal reconstruction is that there is

Depreciation and Investment Allowance

Introduction Depreciation and investment are financial concepts that are closely related, yet they represent Different aspects of business operations. Depreciation refers to the systematic allocation of the cost of a long-term asset over its useful life. It reflects the gradual decrease in the value of an asset due to factors such as wear and tear,

ORIGIN OF INDIAN BANKING

The period of last six decades has viewed many macro-economic development of India. The monitory, external and banking policies have undergone several changes. The structural changes in the Indian financial system specially in banking system has influence the evaluation of Indian Banking in different ways. After the independence and implementation of banking reforms, we can