answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Why must a bank protect its image in the community?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What is the meaning of the Advising Bank?

The bank who must provide the documents to the issuing bank


What is an intermediary bank?

An intermediary Bank is any Bank through which a payment must go to reach the beneficiary Bank.


Can your bank sell your house without foreclosure date or auction?

The are several legal steps a bank must follow before your house can be sold, assuming you are actually the owner but the bank holds a mortgage on the house. 0. The bank must notify you that you have missed a payment 1. The bank must issue a demand for payment in writing to you. 2. The bank must deliver to you or have delivered to you by the sheriff a legal notice of intent to foreclose. The notice must be published. 3. The bank must go to court and get a court order to foreclose. 4. legal notice of actual foreclosure must be published. 5. House is sold at auction to the highest bidder. If you have any questions talk to the bank and/or consult a lawyer.


What are the two key points of HDFC Bank NetBanking?

This is a two step log in process to protect the consumer against online information being compromised. The consumer must first put in password, and then is prompted to answer security questions.


Can a demand draft once issued can be cancelled and we get money back?

Yes it can be cancelled any time by the drawer from the issuing bank itself. Draft has same features like a cheque.. It can be forged or counterfeited and can be cancelled any time before encashment. Therefore, exercise caution while dealing with drafts. In order to protect the beneficiary, banks must adopt a principle that whilst drawer put forward a request for cancellation of a draft, the issuing bank must ask any authenticated communication from the part of beneficiary. This, may, however protect the beneficiary interest.

Related questions

How do you protect bank accounts from judgments?

You must have someone else on the account to prevent this is what I heard


Why criminals are prosecuted?

Criminals must be prosecuted in order to protect the community. Punishing criminals will aid in the fight against crime in America.


What three things must a community have in order to be officialy established as a community?

what three things must a community have in order to be officially established as a municipality


What is a convict who must do community service called?

A prisoner of the community!


The Presidential Oath binds the elected president to protect something What must shehe protect?

He/She must preserve, protect and defend the Constitution of the United States


Why was the community reinvestment act established?

To grow a bank you must fund loans. To fund a loan, you must have money. To have money in the bank, you must have depositors that provide that money. Before CRA was established, banks were advertising to small businesses and minorities. These people and business owners would then open up checking and savings accounts, and eventually want a small loan or two aswell. When push came to shove, these banks were not lending back to the small business owners or the minorities, for unknown reasons (ECOA also helped push CRA along). CRA entails that you lend back to the community, invest with the community and help rebuild the community with your services too.


What is the meaning of the Advising Bank?

The bank who must provide the documents to the issuing bank


A sentence using the word protect?

You must protect yourself! This bandanna will protect my neck from sunburn.


What power must be in place when you first find an image on a microscope?

idk


What must Gabriel be labeled in order to be released from the community?

Gabriel must be labeled "Release of newchild" in order to be released from the community.


How do you write a letter to bank manager to convert joint account to sole account?

You can not do this unless the account is in credit and then only ifthe other account holder has died (you must be able to prove this as an executor of the dead person's estate)the other account holder(s) agree to this change in writing (they may have to go into the bank in person to do this).Fundamentally the bank must protect the interests of BOTH account holders.


What must be true of the surface of an object for it to reflect an entire image?

it must be smooth