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Advantages of unit bank?
A unit bank has advantages that branch banks cannot offer, such as more personalized service geared to its clientele. The employees of unit banks have the advantage of being able to get to know their consumers and have the ability to customize their products to meet the needs of their localized economy.
What is the difference between a unit of stock and a share of stock?
No difference. A unit of stock is called a share.
What is branch banking and unit banking?
Under branch banking system, a single bank has many branches spread over a vast geographical area. Here, all branches of a bank uniformly follow the policies formulated by the Head office. Each branch manager manages its business in accordance with the local requirements within the overall policies and guidelines of the Head office. For instance, a deposit oriented branch would remit the surplus to the head office without the need to bother about its effective use. Likewise, advances oriented branches can draw from the head office the required funds.Branch banking originated in England and is followed in most countries of the world. Australia, India, Canada, South Africa are some of the countries following branch banking system. In India almost all banks follow this type of banking.Under unit banking system, banks function as monoliths with one office with a few branches spread within a small area of operation. Therefore, a large number of banks operate with a limited area of jurisdiction. The unit banks are linked through a system of correspondent banks. A bank in a small town maintains an account with a bank in a big city. The small banks will seek the help of bigger banks in rendering services, like remittance of funds, etc., to their customers in big cities.The United States of America is the home of unit banking. It has over 10, 000 commercial banks. The big banks are established under Federal laws as national banks. Smaller banks are established under the state laws as state banks. The preference of unit banking reflects the economic and political philosophy of the country against the concentration of economic power.The demerits of branch banking are merits of unit banking. However, it can be seen the advantages of branch banking outweigh, those of unit banking. The disadvantages of branch banking are such as can be overcome by proper planning and adopting good management practices. That is why branch banking is most prevalent system in the world.M.J. SUBRAMANYAM, XCHANGING CO., BANGALORE
Why did Lloyd banks got kick out of g-unit?
Lloyd Banks was kicked out of G-Unit because he opted to change his style of music from hardcore rap to rhythm. He had personal feuds with co-rapper 'The Game'.
What is the difference between a rate and a unit rate?
A rate is a ratio that compares two different units. ex: 300 miles\ 6 hours. you can't convert miles into hours. A unit rate is a rate comparing a number to 1 unit to another. ex: 50 miles\1 hour A unit rate always has 1 as a denominator.
What is the difference between branch and department accounting?
A branch is a unit and a department is the sub unit in an organization. when we talk in terms of a branch we mean the accounting methodologies in respect of the unit consisting of all the departments working under it.
Advantages of unit bank?
A unit bank has advantages that branch banks cannot offer, such as more personalized service geared to its clientele. The employees of unit banks have the advantage of being able to get to know their consumers and have the ability to customize their products to meet the needs of their localized economy.
What is the difference between a unit cube and a cubic unit?
Nothing
What is the difference between a unit of stock and a share of stock?
No difference. A unit of stock is called a share.
What is the difference between scheme of work and unit plan?
There is no difference between a unit plan and a scheme of wok. thank u. By highkult
What the difference between the laser unit of Noritsu QSS32 and QSS34?
There is no difference.
What is the difference between a tangent and a unit tangent?
1
Explain the difference between molecule and formula unit?
The formula unit is the representation of a molecule.
What is the difference between meters and milliliters?
A meter is a unit of length; a milliliter is a unit of volume.
Compare between American unit banking and that of Nigerian branch banking?
Branch banking is the type of banking system prevalent in Nigeria. It is a system bequeathed to the country by thee British financial system having been its colony before. Nigeria banks have Head Offices either in Lagos or Abuja or the state capital of the owner government (where State banks still exist). Branches are spread throughout the country. The number of branches help the banks to mobilise deposits and make loans and enables optimal liquidity management. While unit banking in the US is basically as a result of State Banking Commissions powers to issues charters to banks within their territory. The controller of currency issues charters to national banks (those banks that can spread nationally), while the Central Bank of Nigeria issues the single license to operating banks in the country though permits are required when banks open new branches. The variant of unit banking that exist in Nigeria is that of the erstwhile community banks that have now transformed into Micro finance banks. Even then the Micro finance banks can now expand across the states if they can have increased capital base ten times the single unit. Just as unit banking is fading and becoming anachronistic in the US, the micro finance banks have opportunity to expand if they are interested and can afford it. Unit banks system is costly to run.
What is branch banking and unit banking?
Under branch banking system, a single bank has many branches spread over a vast geographical area. Here, all branches of a bank uniformly follow the policies formulated by the Head office. Each branch manager manages its business in accordance with the local requirements within the overall policies and guidelines of the Head office. For instance, a deposit oriented branch would remit the surplus to the head office without the need to bother about its effective use. Likewise, advances oriented branches can draw from the head office the required funds.Branch banking originated in England and is followed in most countries of the world. Australia, India, Canada, South Africa are some of the countries following branch banking system. In India almost all banks follow this type of banking.Under unit banking system, banks function as monoliths with one office with a few branches spread within a small area of operation. Therefore, a large number of banks operate with a limited area of jurisdiction. The unit banks are linked through a system of correspondent banks. A bank in a small town maintains an account with a bank in a big city. The small banks will seek the help of bigger banks in rendering services, like remittance of funds, etc., to their customers in big cities.The United States of America is the home of unit banking. It has over 10, 000 commercial banks. The big banks are established under Federal laws as national banks. Smaller banks are established under the state laws as state banks. The preference of unit banking reflects the economic and political philosophy of the country against the concentration of economic power.The demerits of branch banking are merits of unit banking. However, it can be seen the advantages of branch banking outweigh, those of unit banking. The disadvantages of branch banking are such as can be overcome by proper planning and adopting good management practices. That is why branch banking is most prevalent system in the world.M.J. SUBRAMANYAM, XCHANGING CO., BANGALORE
What is the difference between pound and inch?
The pound is a mass unit while inch is a length unit
