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Anti Money Laundering in Banking

What is Anti Money Laundering? “Money laundering” is the process by which criminals attempt to hide and disguise the true origin and ownership of the proceeds of their criminal activities, thereby avoiding Prosecution, conviction and confiscation of the criminal funds. The term “Money Laundering” is also used when the funds are used for terrorist financing

09 Mar

Anti Money Laundering in Banking

Admin Bankedge

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Banking

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What is Anti Money Laundering? “Money laundering” is the process by which criminals attempt to hide and disguise the true origin and ownership of the proceeds of their criminal activities, thereby avoiding Prosecution, conviction and confiscation of the criminal funds. The term “Money Laundering” is also used when the funds are used for terrorist financing

Locker facility in Non Banking Finance Companies/NBFC

To understand what role NBFC going to play in new locker facility permission provided by Regulatory, let us first understand what is locker facility Locker facility Locker is a place where we keep our things safe.  The main advantages of a Bank Locker are – we are able to maintain our Privacy, Secrecy and keep

03 Mar

Locker facility in Non Banking Finance Companies/NBFC

Admin Bankedge

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Banking

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To understand what role NBFC going to play in new locker facility permission provided by Regulatory, let us first understand what is locker facility Locker facility Locker is a place where we keep our things safe.  The main advantages of a Bank Locker are – we are able to maintain our Privacy, Secrecy and keep

Structured and Unstructured Interviews

Structured Interviews are one wherein while holding the interview, the Interviewer will be holding a Questionnaire and will be referring to it quite often.  The Interview will be focused fully on the areas which are pre determined, and questions will mostly cover only those points mentioned therein.  These would normally cover the areas related to

01 Mar

Structured and Unstructured Interviews

Admin Bankedge

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Interview Techniques

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Structured Interviews are one wherein while holding the interview, the Interviewer will be holding a Questionnaire and will be referring to it quite often.  The Interview will be focused fully on the areas which are pre determined, and questions will mostly cover only those points mentioned therein.  These would normally cover the areas related to

SAFE DEPOSIT VAULTS/SAFE DEPOSIT LOCKERS

Safe Deposit Vault or Safe Deposit Lockers are the facilities provided by banks to their customers to keep their valuables. This facility is not offered through all bank branches and wherever the facility is offered, allotment of safe deposit vault will be subject to availability and compliance with other terms and conditions related to this

17 Feb

SAFE DEPOSIT VAULTS/SAFE DEPOSIT LOCKERS

Admin Bankedge

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Banking

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Safe Deposit Vault or Safe Deposit Lockers are the facilities provided by banks to their customers to keep their valuables. This facility is not offered through all bank branches and wherever the facility is offered, allotment of safe deposit vault will be subject to availability and compliance with other terms and conditions related to this

Loan Products of Bank

Bank’s loan products is a very sensitive area of operation.  There are six basic principles of lending that have been followed by banks since long. These principles are Safety, Liquidity, Profitability, Purpose, Diversification of Risks and Security.  Each bank is having its own internal guidelines to ensure that the basic principles of lending are followed. 

16 Feb

Loan Products of Bank

Admin Bankedge

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Banking

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Bank’s loan products is a very sensitive area of operation.  There are six basic principles of lending that have been followed by banks since long. These principles are Safety, Liquidity, Profitability, Purpose, Diversification of Risks and Security.  Each bank is having its own internal guidelines to ensure that the basic principles of lending are followed.