A financial system is the most important institutional and functional vehicle for the economic transformation of any country. Banking sector is reckoned as a hub and barometer of the financial system. As a pillar of the economy, this sector plays a predominant role in the economic development of the country. The geographical pervasiveness of the bank coupled with the range and depth of their services make the system an indispensable medium in every day transactions. The virtual monopoly of banks in `Payment Mechanism' touches the lives of millions of people every day and every where. Thus the banking sector has been playing a significant role as growth facilitator.
Change is the only constant factor in this dynamic world and banking is not an exception. The changes staring in the face of bankers relates to the fundamental way of banking-which is undergoing rapid transformation in the world of today, in response to the forces of completion productivity and efficiency of operations, reduced operating margins better asset/liability management, risk management, any time and any where banking. The major challenge faced by banks today is to protect the falling margins due to the impact of competition. Another significant impact of banks today is the technology issue. There is an imperative need for not mere technology up gradation but also its integration with the general way of functioning of banks to give them an edge in respect of services provided to optimizing the use of funds and building up MIS for decision making and better management of assets and liabilities and risk assumed which in turns have a direct impact on the balance sheet of banks as a whole.
[...] This proved to be more than just an advertising slogan. We re-engineered the way our customers bank with us by harnessing the power of innovative thinking and reliable technology, tried and tested by Barclays around the world. For example, we introduced 15-minute account opening in the UAE and flexible payment days for Barclaycard, setting a very high market benchmark. Vision , Mission and Quality policy Vision Once there was name to the United Kingdom that there is no sun set in their kingdom. [...]
[...] System Collecting customers from sources Tele calling to the customers Executive approach with the customers Collecting the requirements and processing it Agreement , disburse the approval files and clearance the customers files Style Barclays finance has both participative and authoritative leadership styles In bottom level employees has given the freedom and to participative in decisions to their level management. They have to accept and obey to decisions of high level of management Staff 1. Manager 2. Customer Relationship Managers(3) 3. [...]
[...] As a part of Corporate Social Responsibility, We support the education of 500 underprivileged girl children studying at government-run schools through Project Nanhi Kali. BALANCE SHEET QUARTER ENDED MARCH USD USD USD ASSETS Cash resources Balances with and interbank loans Balances with Mauritius and banks abroad Securities, placements and other investments Investment Available-for-sale Loans Personal and credit Business Governments Entities outside Allowance for Other Goodwill Retirement benefits Derivatives instruments LIABILITIES, EQUITY AND RESERVES Deposits Personal Business Banks Borrowings borrowings banks abroad Other Current tax Deferred tax Derivatives instruments Retirement benefits BALANCE SHEET QUARTER ENDED MARCH (Cont'd) USD USD USD Shareholders' equity Reserves USD CONTINGENT LIABILITIES USD USD USD Acceptances, of credit, endorsements and other obligations on account of customers, and spot foreign exchange contracts Ratio Analysis % % REVENUE GROWTH RATIOS EXPENSE GROWTH PRODUCTIVITY RATIO OVERALL PERFORMANCE RATIO Learning Experience This organizational study was a very good learning experience for me. [...]
[...] Like that spread their business through out the world , because the Barclays Company first started from London Mission Our products and services will be convenient and customer friendly Our service turnaround times will be in the top quartiles Our product solutions will be comprehensive Customers will be able to access our products through varied servicing channels We will create strong and lasting relationships with our clients and their families Every interaction will embody our brand values of heritage and trust Quality policy Anti-money laundering Discipline, Capability and Grievance (DC Global Standard Harassment Health and Safety Global Standard Redundancies Financial Sanctions and Prohibition of Business Activity BUSINESS LOANS Presenting Barclays business installment loans, simple unsecured business loans available to small and medium enterprises for all your working capital needs. [...]
[...] Barclays Head of Environmental Risk Management, Chris Bray, received an accolade for his lifetime achievements from the United Nations Environment Program Finance Initiative. The award honored Chris's commitment to sharing his expertise in environmental risk management with financial institutions globally. Barclays Kenya was named East Africa's Most Respected Company in the financial services sector in a PricewaterhouseCoopers survey. Absa Islamic Bank was recognized as the best Islamic bank offering within a conventional bank in World Finance magazine's first global awards. [...]
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