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On historic trip, Obama backs sovereign state of Palestine

United States President Barack Obama, on a historic trip to the West Bank, on Thursday told Israel that its settlement activities were "not constructive" for peace in the region, and pledged his......

Former Israeli prime minister Ariel Sharon passes away

Former Israeli prime minister Ariel Sharon, a hardliner revered by his countrymen as ‘Mr Security’ and reviled across the Arab world as the ‘butcher of Sabra and Shatila’,......

Why the deal between Iran and the West is a win-win for most

It is easy to foretell that negotiating a comprehensive and final agreement on the Iran nuclear issue is by no means an easy task. It involves hard negotiations, but the hardest step has been......

Strategic India moves on

The India that needs strategic alliances, defence cooperation and engaging meaningfully with neighbouring countries is quietly moving ahead with confidence, says Tarun Vijay. Eight is a lucky......

PM suggests 8 areas where India, China can cooperate

Following is the full text of Prime Minister Manmohan Singh’s speech at the Central Party School in Beijing on Thursday: “I am deeply honoured at this invitation to speak at the......

RBI staff on strike on Feb 20

The normal operations, including payment and settlement activities in the Reserve Bank of India (RBI), are likely to be affected on Friday with its employee unions going on one-day strike to press......

RBI panel to look into predatory lending

The Reserve Bank of Indiahas set up an internal committee to frame guidelineson predatory lending and is exploring the possibility of extending the Usurious Lending Act to banks.The move comes at a......

RBI to regulate MasterCard, Visa

The Reserve Bank of India (RBI) plans to bring global payment systems such as MasterCard International and Visa International under its regulatory framework. Once the Draft Payment and Settlement......

Polaris Soft, Indonesia bank settle dispute

Polaris Software Lab Ltd and Bank Artha Graha of Indonesia have agreed to settle all their disputes, with the Indian software company agreeing to make full restitution to the bank for a sum of $1......

RBI speeds along on reform track

Continuing with its soft and flexible interest rate regime, Reserve Bank of India liberalised forex regulations to provide adequate liquidity in the market and brought about reforms in government......

Facebook was his idea!

Divya Narendra was a junior at Harvard University when he and his roommates -- twins Cameron and Tyler Winklevoss approached another student Marc Zuckerberg to program a social networking site,......

Why Sahara pulled out of IPL: Full statement

The Sahara Group-owned Pune Warriors India withdrew from the Indian Premier League on Tuesday following the Board of Control for Cricket in India's decision to encash the team's bank guarantee......

ED's notice to BCCI regarding IPL II fund transfer

The Enforcement Directorate has issued notice to the BCCI to explain transfer and routing of funds to the tune of Rs 1,600 crore in the conduct of the second season of Indian Premier League cricket......

Lanka Sports Minister order probe into Nimbus deal

Sri Lankan Sports Minister, Mahindananda Aluthgamage has ordered a probe into the controversial Nimbus deal that had rocked the country's cricketing circles, besides costing SLC a a huge amount of......

  People speak for bank for international settlements

  • QNA
Q. the Bank of International Settlements (BIS) is the oldest international finanial organisation and was created to administer the transactions of money according to which treaty ?
Stalin:  A.  more

Q. I was having ICICI credit card since 2004,always paid the entire outstanding within due time prior to June2009,when I did not receive my statement,I called on customercare,informed them about non receipt of statement & asked them togive details of my outstanding & requested not to charge interest,they refused my request,started to charge interest & late payment every month & did not send statement on July09,June10,July10 & has started disturbing me,I stopped usuing that card for last one year clearing all the amount I spent with the card,but they are disturbing me by charging interest & fine
Stalin:  A. oh icici is one of the most chor banks they did the same wd me sent me late statements nd den charged me wd late payment this went on for sum time...... more

Amitava Goswami
Q. give me a practical example about swaps.
Amitava Goswami:  A. A swap is an agreement between two parties to exchange sequences of cash flows for a set period of time. Usually, at the time the contract is...... more

Murali Mohan
Q. What is Documnetary Letter of Credit?
Murali Mohan:  A. Documentary L/C is the most suitable & prevalent method of settlement for international trade. The buyer's bank reimburses the seller against...... more

Q. Whats known as RTGS System?
Siachen:  A. RTGS as it stands for is real time Gross Settlement across banks. Launched in Sept 2003, the very basis of introduction of this system was to...... more

  Web results for Bank For International Settlements
Synetic Technologies Announces the Arrival of The Data Annihilator, a Mobile Hard Drive Shredder

PRWeb 2014-07-14 Synetic Technologies announces the arrival of The Data Annihilator, a mobile hard drive and media shredder, which helps... ...
Focus on infrastructure; but more work needed on inflation

By adhering to a fiscal deficit target of 4.1% of gross domestic product (GDP), Union Budget 2014 reinforced the government's commitment to fiscal... ...
Draghi vs Weidmann

By European Central Bank President Mario Draghi makes a lengthy appearance in the European Parliament in Strasbourg.He will doubtless... ...
AbbVie Proposal

H S Upendra Kamath

Former Managing Director of Vijaya Bank H S Upendra Kamath took over as Managing Director and Chief Executive Officer of the 93-year old private... ...

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