Motivational Stories ~ The important things in life ~ Priorities – Inspirational Quotes – Pictures.The Pregnant Dog And Elephant: Motivational Story – Inspirational Quotes – Pictures.Hunted Down, a short Detective Story by Charles Dickens.The Wooden Bowl ~ A touching story on Family, Love, Parents & Relationships – Inspirational Quotes – Pictures.Footprints (A Variation) – Inspirational Stories, Quotes & Poems.The Fisherman and His Wife a Fairy Tale by The Brothers Grimm.Inspirational Story of the Day~Beautiful Stories~Pictures~Self Appraisal~Work – Inspirational Quotes – Pictures.Thompson – Inspirational Quotes – Pictures Execution of document by Clubs/Institutions/Schools.BANKING CODES AND STANDARDS BOARD OF INDIA (BCSBI).Application of Indemnity Contracts to Banks.Important aspects of Bankers’ Book Evidence Act, 1891.Payment by Bank under mistake – whether Recoverable.Limitation Period – Precautions to be taken by bank.These non compliances have created avenues for conversion of black money to legal money through banking channels, and made banks not only to face embarrassment but also reputational risks. Non compliance of regulatory and legal frame work:īanks face many compliance issues, by not following the rules and regulations. Unethical practices like corruption, diversion and misappropriation of funds, loans granted against collateral which are of inferior quality, lesser value, etc., not only affect the performance of the banks but also increases the levels of nonperforming assets.ĥ. The funds are raised against hypothecation of goods however the funds are not used for production of the goods, but invested in real estate sector and/or capital markets to earn higher returns. Though the repayment of the loan is on schedule, these activities of the company are unethical on account of misappropriation of fundsĭue to weak internal controls at appropriate levels, sometimes loans become nonperforming assets. For example: A manufacturing company avails of working capital finance for production purpose. Many business enterprises including corporates avail of loans and do not use the funds for the purpose the loan was availed of, but divert the funds for other activities. These activities include conversion of illegal money into legal money, using the banks as channels to effect such activities.ģ. This is not only unethical but also criminal and illegal. In case of Satyam’s scam, for years the (real) financial position was concealed but unrealistic financial position was reflected in a systematic manner to appear as realistic numbers.
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