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🔽🔽🔽🔽🔽🔽🔽🔽🔽🔽🔽🔽🔽🔽📌ASSIGNMENT  TOPIC 👇 1.PRINCIPLES OF SOUND LENDING  2.MODES OF CREATING CHARGE 3.NOTE ON  (A)CASH CREDIT (B)OVERDRAFT (C)CONSORTIUM ADVANCE  Assignment Submission last date September 01 🔽🔽🔽🔽🔽🔽🔽🔽🔽🔽🔽🔽🔽🔽 Principles of Sound Lending Banker is essentially a dealer in money belonging to others and he is required to repay it after sometime with interest. While employing these funds to grant loans and advances, a banker is required to follow certain principles. These principles are called principles of sound lending. 1.Safety Safety depends up on the security offered by the borrower and their capacity and willingness to repay. So the banker should ensure that the securities offered by the borrower are adequate and readily realizable. 2.Liquidity :  Liquidity refers to the ability of an asset to convert into cash within a short period of time. 3.Profitability :  A commercial bank is essentially a profit making organisation...

🪧 ONLINE BANKING Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app.           Internet banking allows a user to conduct financial transactions via the Internet. Internet banking is also known as online banking or web banking. Internet banking offers customers almost every service traditionally available through a local branch including deposits, transfers, and online bill payments. Virtually every banking institution has some form of online banking, available both on desktop versions and through mobile apps. With online banking, consumers aren't required to visit a bank branch to complete most of their basic banking transactions. They can do all of this at their own convenience, wherever they want i.e at home, at work, or on the w...

  🔽QUESTION BASED ON AMALGAMATION IN THE NATURE OF MERGER 🔽

Centralised Purchasing (Centralised Buying) In a large concern usually there will be a separate department called purchase department to purchase materials. The purchase department will purchase materials for the entire organisation. This is called centralised purchasing. Thus, centralised purchasing means purchasing for the whole organisation by a single purchase department. Advantages of Centralised Purchasing Centralised purchasing is generally preferred because it has the following advantages: 1. Efficient buying on account of specialised knowledge and skill in the art of purchasing. 2. Advantages of bulk purchase. 3. Reduces cost of purchase. 4. Ensures uniform quality of materials. 5. Exercises effective control over inventories. 6. Involves less clerical work because all records relating to purchases are kept at one place. 7. Avoids the problem of overstocking and understocking of materials. Disadvantages of Centralised Purchasing Centralised purchasing suffers from the followin...