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Azad Hind Bank
Azad Hind Bank was established on 5 April 1944, at Rangoon, the then headquarters of the Provisional Azad Hind Indian government supported by Imperial Japan. Establishment On 21 October 1943 Subhash Chandra Bose formed provisional government of Azad Hind and early after it Bose declared war against British Raj and its allies on 23 October 1943. Bose established the Azad Hind bank to manage funds donated by the Indian community from across the world for the liberation of India from the British Raj, while utilizing the bank's services for the operations of the Azad Hind Fauj. The bank maintained its branches throughout Japan occupied countries. The currency notes were issued in the form of Promissory note, and these notes were usually printed on one side. The money collected by the Azad Hind government was kept in the Bank. Initially the bank had an authorized capital of 5 million and paid-up capital of 2.5 million. References {{reflist See also * Azad Hind *Sher-e-Hind ...
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Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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State Of Burma
The State of Burma (; ja, ビルマ国, ''Biruma-koku'') was a List of World War II puppet states#Japan, Japanese puppet state created by Japan in 1943 during the Japanese occupation of Burma in World War II. Background During the early stages of World War II, the Empire of Japan invaded British Burma primarily to obtain raw materials (which included oil from fields around Yenangyaung, minerals and large surpluses of rice), and to close off the Burma Road, which was a primary link for aid and munitions to the Kuomintang, Chinese Nationalist forces of Chiang Kai-shek which had been fighting the Japanese for several years in the Second Sino-Japanese War. The Fifteenth Army (Japan), Japanese Fifteenth Army under Lieutenant General Shojiro Iida quickly overran Burma from January – May 1942. The Japanese had also assisted the formation of the Burma National Army, Burma Independence Army (BIA), which aided the Japanese during their invasion. The BIA formed a provisional government ...
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Japanese Occupation Of Singapore
, officially , was the name for Singapore when it was occupied and ruled by the Empire of Japan, following the fall and surrender of British military forces on 15 February 1942 during World War II. Japanese military forces occupied it after defeating the combined British, Indian, Australian, Malayan and the Straits Settlements garrison in the Battle of Singapore. The occupation was to become a major turning point in the histories of several nations, including those of Japan, Britain, and Singapore. Singapore was renamed Syonan-to, meaning "Light of the South Island" and was also included as part of the . Singapore was officially returned to British colonial rule on 12 September 1945, following the formal signing of the surrender instrument at the Municipal Building, currently known as the City Hall. After the return of the British, there were growing political sentiment amongst the local populace in tandem to the rise of anti-colonial and nationalist fervor, as many felt ...
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Azad Hind
The Provisional Government of Free India (''Ārzī Hukūmat-e-Āzād Hind'') or, more simply, ''Azad Hind'', was an Indian provisional government established in Japanese occupied Singapore during World War II. It was created in October 1943 and supported byas well as largely dependent onthe Empire of Japan. It was a part of the political movement originating in the 1940s outside India with the purpose of allying with the Axis powers to liberate India from British rule. It was established by Indian nationalists in exile during the latter part of the Second World War in Singapore with monetary, military and political assistance from Imperial Japan. Founded on 1 September 1942, the government was inspired by the concepts of Subhas Chandra Bose who was also the leader of the government and Head of State. The government proclaimed authority over Indian civilian and military personnel in Southeast Asian British colonial territory and prospective authority over Indian territory to ...
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Yangon
Yangon ( my, ရန်ကုန်; ; ), formerly spelled as Rangoon, is the capital of the Yangon Region and the largest city of Myanmar (also known as Burma). Yangon served as the capital of Myanmar until 2006, when the military government relocated the administrative functions to the purpose-built capital city of Naypyidaw in north central Myanmar. With over 7 million people, Yangon is Myanmar's most populous city and its most important commercial centre. Yangon boasts the largest number of colonial-era buildings in Southeast Asia, and has a unique colonial-era urban core that is remarkably intact. The colonial-era commercial core is centered around the Sule Pagoda, which is reputed to be over 2,000 years old. The city is also home to the gilded Shwedagon Pagoda – Myanmar's most sacred and famous Buddhist pagoda. Yangon suffers from deeply inadequate infrastructure, especially compared to other major cities in Southeast Asia, such as Jakarta, Bangkok or Hanoi. Though ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Chairperson
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ...
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Empire Of Japan
The also known as the Japanese Empire or Imperial Japan, was a historical nation-state and great power that existed from the Meiji Restoration in 1868 until the enactment of the post-World War II 1947 constitution and subsequent formation of modern Japan. It encompassed the Japanese archipelago and several colonies, protectorates, mandates, and other territories. Under the slogans of and following the Boshin War and restoration of power to the Emperor from the Shogun, Japan underwent a period of industrialization and militarization, the Meiji Restoration, which is often regarded as the fastest modernisation of any country to date. All of these aspects contributed to Japan's emergence as a great power and the establishment of a colonial empire following the First Sino-Japanese War, the Boxer Rebellion, the Russo-Japanese War, and World War I. Economic and political turmoil in the 1920s, including the Great Depression, led to the rise of militarism, nationa ...
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Subhash Chandra Bose
Subhas Chandra Bose ( ; 23 January 1897 – 18 August 1945 * * * * * * * * *) was an Indian nationalist whose defiance of British authority in India made him a hero among Indians, but his wartime alliances with Nazi Germany and Imperial Japan left a legacy vexed by authoritarianism,* * anti-Semitism,* * * * * * and military failure.* * * * The honorific Netaji (Hindi: "Respected Leader") was first applied to Bose in Germany in early 1942—by the Indian soldiers of the ''Indische Legion'' and by the German and Indian officials in the Special Bureau for India in Berlin. It is now used throughout India. Subhas Bose was born into wealth and privilege in a large Bengali family in Orissa during the British Raj. The early recipient of an Anglocentric education, he was sent after college to England to take the Indian Civil Service examination. He succeeded with distinction in the vital first exam but demurred at taking the routine final exam, citing nationalism to be a higher ...
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British Raj
The British Raj (; from Hindi ''rāj'': kingdom, realm, state, or empire) was the rule of the British Crown on the Indian subcontinent; * * it is also called Crown rule in India, * * * * or Direct rule in India, * Quote: "Mill, who was himself employed by the British East India company from the age of seventeen until the British government assumed direct rule over India in 1858." * * and lasted from 1858 to 1947. * * The region under British control was commonly called India in contemporaneous usage and included areas directly administered by the United Kingdom, which were collectively called British India, and areas ruled by indigenous rulers, but under British paramountcy, called the princely states. The region was sometimes called the Indian Empire, though not officially. As ''India'', it was a founding member of the League of Nations, a participating nation in the Summer Olympics in 1900, 1920, 1928, 1932, and 1936, and a founding member of the United Nations in San F ...
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Promissory Note
A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the ''maker'' or ''issuer'') promises in writing to pay a determinate sum of money to the other (the ''payee''), either at a fixed or determinable future time or on demand of the payee, under specific terms and conditions. Overview The terms of a note usually include the principal amount, the interest rate if any, the parties, the date, the terms of repayment (which could include interest) and the maturity date. Sometimes, provisions are included concerning the payee's rights in the event of a default, which may include foreclosure of the maker's assets. In foreclosures and contract breaches, promissory notes under CPLR 5001 allow creditors to recover prejudgement interest from the date interest is due until liability is established. For loans between individuals, writing and signing a promissory note are often ...
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