This network even assesses the assets which are worth to be accepted by the bank as a security against the finance provided. b) Use of technology Fully computerisation of the branches have made the management of NPAs very efficient and effective. In 2011 System Level Asset Classification (SLAC) was incorporated by the bank making its systems more efficient. Bank
Islamic Bank or sharia bank, here in after referred to as a bank, a bank that operates not by relying on the interest. Islamic Bank or commonly called the bank without interest, is a financial institution or banking operations and products developed based on the Qur’an and the Hadith of the Prophet Muhammad. In other words, Islamic bank are financial institutions that provide basic business financing and other services in interchange and the payment of money circulation, adjusted to Islamic law.
INTRODUCTION AirAsia Berhad is part of the AirAsia Group, is a world most famous low cost airline that operates wide networks both domestically and internationally. AirAsia lead the way low cost airfares in Asia and is now currently the largest low fare, no-frills airline in Asia. It is also one of the largest airlines in all of Asia in terms of passengers carried. AirAsia has also been voted the World’s Best Low Cost Airline in 2009 and 2010. AirAsia Berhad is currently based
F. LITERATURE REVIEW BOOKS 1. PRASAD G. GODBOLE, MERGERS, ACQUISITIONS AND CORPORATE RESTRUCTURING 81 (1st ed. 2009). The process of corporate restructuring is applicable in the cases of cross border insolvency. Though there is inadequacy of substantive laws with regard to restructuring in the instances of cross border insolvency, there is a provision in the Companies Act, 2013 providing a good base to cross border merger and amalgamations. Section 234 of Companies Act, 2013 mentions that the scheme
People often invest in several investment plans. Their choice of plans depends on their income and investment objectives. Individuals falling high in the income category often prefer tax-saving instruments along with high risk high-reward investment options. On the other hand, people with moderate incomes prefer plans that offer both tax-saving and decent returns in the long-run. Mutual fund investments are best for such individuals. Mutual Funds: Mutual fund investments invest money in the stock
Differences of Balance Sheet of a Bank and a Typical Company A balance sheet is generally defined as “a financial statement that takes a snapshot of what a company owns (assets) and owes (liabilities) at a given moment” (Wright and Quadrini (2009), p. 184). The basic accounting concept where “the summation of assets should be equal to liabilities and equity” is used in the banking industry as well, as nonfinancial companies. However, a bank’s balance sheet is different with a nonfinancial company’s
In the empirical section, brief literature review will be provided by some authors who will try to demonstrate the benefits as well as the weaknesses associated with FDI for various countries. Most studies have taken into consideration variables related to capital, trade openess, labour cost, human capital and technology. 2.1.1 Theroretical Background In this section, many theories have been designed to help in shaping the concept of FDI. Studies have shown that theories of FDI had evolved through
The Burden Of Tax Debt You are required to pay taxes. If you do not pay taxes within a reasonable amount of time, then the Internal Revenue Service will begin to send you notices. You could be hit with large fines, which can greatly increase the total amount of tax debt that you owe. You could also lose your home or business due to tax debt. Wage garnishment is another consequence of unpaid tax debt. This means that when you get paid, a portion of your check will go towards your tax debt. Wage
Paul is faced with a decision to make now that he has a sample of this performance enhancing drug (PED). He will evaluate the problem, pros and cons associated with the drug, and look at options he may have. First, Paul has teammates that are surpassing his abilities; second, he has a coach looking to remove his starting position due to him not improving at the same rate; lastly, he has a performing enhancing drug in his hand. Paul begins by researching side effects of other PEDs and the benefits
Financial statement analysis is a process that is conducted to review and assess an entity’s, financial statements in order to gain a better understanding of the entity’s financial health, in this case the entity is Virgin Australia Holdings Limited [VAH]. The data in all financial statements are analysed by stakeholders such as investors and creditors to help them understand how well the business is performing, they do this through the use of many ratios including: profitability ratios, asset utilization