Banking

  Data Representation and Number System       Introduction   Data representation is a method to represent data in a computer. In computer we enter different forms of data such as number, text, graphics, sound etc. All These data look different, but in the computer process all are in only one form, that is, 0 and 1, binary or digital form. Each information is stored in a computer as a digital data. Generally, we use the decimal number system which, with the help of 0 to 9, represents any number. But in a computer any number is represented by a combination of 0 and 1. These are the number systems used in computer 1. Binary Number System 2. Octal Number System 3. Hexadecimal Number System   Binary Number system: In the binary number system, there are only more...

  Software       Introduction   A computer is really a system of many parts working together. Each component of a computer is either called hardware or software. The physical parts, which we can see, touch md feel are collectively called hardware The computer and all the peripheral devices such as printer, scanner microphone, speakers and webcam etc. connected to it that are used to input and output the data are hardware. Peripheral devices are hardware devices that are connected to the motherboard but not part of the main computer system and were added later to the system   The program needs a kind of documentation that gives a comprehensive procedural description of a program. It shows as to how software is written Program documentation even has the capability to sustain any later maintenance or development of the program. The program more...

  Data Communication       Introduction   Data communication is the transmission of coded data between remote terminals and a centralized computer installation, or between two or more Computer center over establish communication links.   Advantages of Data Communication System ·         Saving of time in data preparation and physical transportation of prepared data. ·         Full utilization of processing power and storage capacity of modern computer. ·         Quick retrieval of information from files. ·         Eliminates duplication of files. ·         Reducing the cost of data transmission.       Type of Transmission Channel   There are mainly three types of transmission channel   1. Simplex channel: more...

  Internet       Introduction   The Internet is a massive body of networks, a networking infrastructure. Protocol) to serve billions of users worldwide. So, TCP/IP can be cried Internet is often called "The Information Highway." that implies that there is a straight, clear path of obtaining information. It connects thousand independent. Through telephone wires. Fiber optical cable and satellite links. Internet users can share variety of information. Such as meter-linked hypertext documents of the World Wide Web (WWW), during 1991-1993 commercial use of Internet took its speed. For the first time, on 15 August 1995 VSNL (Vides Sanchar Nigam Limited) and political part\ of India is Bharatiya Ajanta Party, which created its own by Sikkim state. India's first Hi-speed rural broadband network has been commissioned in district of Idukki, Kerala.   Equipment required for using internet   1. Computer 2. Modem more...

  Microsoft Windows       Introduction   Microsoft Windows is an operating system and GUI (Graphical User Interface) produced by Microsoft, the software company Bill Gates is the Chairman of Microsoft which he founded with a Paul Allen. Nowadays approximately 90%of all personal computer are running of window it was introduced as a GUI that simplified DOS commands and task by a converting program and commands to icon In 1983 Microsoft announced the development of windows, a GUI for its own operating system MS-DOS, which has developed for IBM PC and The fir it independent version of Microsoft Windows, more...

  Microsoft Office   Microsoft Office is an office suite of interrelated desktop applications servers and services for the Microsoft Windows. It is a horizontal market software that is used in a wide range of industries. Microsoft Office was introduced by Microsoft in 1989 for Macintosh. Again it introduce Windows in 1990. After that many new versions were released. Microsoft Office for Windows 1.0 started in October 1990 with three applications Microsoft Word for Windows 1.1, Microsoft Excel for Windows 2.0, and Microsoft PowerPoint for Windows 2.0. In 1994, Microsoft Office 4.0 was released containing Word 6.0, Excel 5.0, PowerPoint 4.0, Mail, and Access. More versions are Microsoft Office 95, Microsoft Office 97, Microsoft Office 2000, Microsoft Office XP, Microsoft Office 2003, Microsoft Office 2003, Microsoft more...

INTRODUCTION Banking history dates back to 2000 years which involved grain loans to farmers and traders who carried goods between cities in Mesopotamia and Babylonia. Later/ it was in ancient Greece and Roman Empire, who added two important innovations: acceptance of deposits and changed money.  

Bank - A financial institution which accepts different forms of deposits and lends them to the prospective borrowers as well as allows the depositors to withdraw their money from the accounts by cheque is a bank.

  BANKING IN ANCIENT INDIA Archaeological evidences in India suggest that references to banking and regulations were even found in our scriptures and ancient texts. Debt is even mentioned in our Vedic literature. The Vedas (2000-1400 BCE) are earliest Indian texts to mention the concept of usury whereby the lender lends money at excessive rate of interest. It more...

  DEFINITION OF BANK AND BANKING After independence, steps were taken to regulate the banking and banking business in India. Government brought in a law in this regard, wherein banking and banking business has been defined. This law became an Act and called the Banking Regulation Act, (BR Act), 1949. As per the Act, Section 5(c) provides that 'a banking company is a company which transacts the business of banking in India.' Further, Section 5(b) of the Act defines banking business as, 'accepting, for the purpose of lending or investment of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise. STRUCTURE OF BANKING IN INDIA Reserve Bank of India (RBI): The country had no central bank prior to more...