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TNSC Bank
The Tamil Nadu State Apex Co-operative Bank, also known as TNSC Bank, is an Indian cooperative banking company headquartered in Chennai. It was incorporated in 1905 as an urban cooperative bank. As of 2015, TNSC Bank had 46 branches in Chennai. TNSC Bank coordinates India's entire short-term cooperative credit structure. TNSC Bank is India's first state cooperative bank. TNSC Bank received a license of the Reserve Bank of India to offer banking services. TNSC Bank is a Scheduled Co-operative Bank, listed under the Second Schedule of RBI Act. TNSC Bank is a member of the Deposit Insurance and Credit Guarantee Corporation (DICGC) and is an insured cooperative bank as per the DICGC Act. TNSC Bank's capital is shared by the Government of Tamil Nadu. History TNSC Bank was formed in the same year as the cooperative movement of Tamil Nadu began, in November 1905. The bank commenced its business the year following the formation of the coop. It subsequently changed into a District Ce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity. '' International Cooperative Alliance.'' Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * businesses owned and managed by the people who consume their goods and/or services (a [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Account
A savings account is a bank account at a retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn. Traditionally, transactions on savings accounts were widely recorded in a passbook, and were sometimes called passbook savings accounts, and bank statements were not provided; however, currently such transactions are commonly recorded electronically and accessible online. People deposit funds in savings account for a variety of reasons, including a safe place to hold their cash. Savings accounts normally pay interest as well: almost all of them accrue compound interest over time. Several countries require savings accounts to be protected by deposit insurance and some countries provide a government guarantee for at least a portion of the account balance. There are many types of savings accounts, often serving particular purposes. These can include accounts ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salem District
Salem District is one of the 38 districts of Tamil Nadu state in southern India. The district is now divided into Dharmapuri, Krishnagiri, Namakkal as individual districts. Salem is the district headquarters and other major towns in the district include Mettur, Thammampatti, Attur, Omalur, Sankagiri and Edappadi. That Salem dates to at least two thousand years ago is evident from the discovery of silver coins from the Roman Emperor Nero Claudius Caesar Augustus Germanicus (37–68 CE) found by Koneripatti of Salem in 1987. It was ruled by Mazhavar King Kolli Mazhavan and kings Adhiyaman and Valvil Ori of Sangam age. It is part of Mazhanadu, a vast region that dates to the second century BCE. Salem was the largest district of Tamil Nadu. It was bifurcated into Salem and Dharmapuri districts in 1965 and Namakkal district in 1997. Now Salem has been developed a lot by building many bridges and is considered to be the smart city. Salem is famous for cultivating mangoes. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dharmapuri District
Dharmapuri is one of the 38 districts in the state of Tamil-Nadu, India. It is the first district created in Tamil Nadu after the independence of India by splitting it from then-Salem district on 2 October 1965. Dharmapuri District is one of the major producers of mango in the state, fine quality granite is found in the district. It is also one of the main sericulture belts in the state. Around 30 percent of the district's area is under forest cover. Kaveri enters Tamil Nadu through this district. Dharmapuri district had the lowest literacy rate of 74.23% in Tamilnadu during the 2011 census. Etymology Dharmapuri was called ''Thagadur'' during the Sangam era. The name Thagadur is derived from two Tamil words, ''Thagadu'' meaning iron ore, and ''ur'' meaning place. The name Thagadur was changed to Dharmapuri after the Sangam period, possibly during the period of the Vijayanagara Empire or the period of the Kingdom of Mysore. The name Thagadur is still used by some of the people ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bancassurance
Bancassurance is a relationship between a bank and an insurance company that is aimed at offering insurance products or insurance benefits to the bank's customers. In this partnership, bank staff and tellers become the point of sale and point of contact for the customer. Bank staff are advised and supported by the insurance company through wholesale product information, marketing campaigns and sales training. The bank and the insurance company share the commission. Insurance policies are processed and administered by the insurance company. This partnership arrangement can be profitable for both companies. Banks can earn additional revenue by selling the insurance products, while insurance companies are able to expand their customer base without having to expand their sales forces or pay commissions to insurance agents or brokers. Bancassurance has proved to be an effective distribution channel in a number of countries in Europe, Latin America, Asia, and Australia. Description ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north toward the East China Sea, Philippine Sea, and Taiwan in the south. Japan is a part of the Ring of Fire, and spans Japanese archipelago, an archipelago of List of islands of Japan, 6852 islands covering ; the five main islands are Hokkaido, Honshu (the "mainland"), Shikoku, Kyushu, and Okinawa Island, Okinawa. Tokyo is the Capital of Japan, nation's capital and largest city, followed by Yokohama, Osaka, Nagoya, Sapporo, Fukuoka, Kobe, and Kyoto. Japan is the List of countries and dependencies by population, eleventh most populous country in the world, as well as one of the List of countries and dependencies by population density, most densely populated and Urbanization by country, urbanized. About three-fourths of Geography of Japan, the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mitsui Sumitomo Insurance Group
is a Japanese insurance holding company headquartered in Tokyo, Japan. MSIG was formed in 2001 from the merger of Mitsui Marine & Fire Insurance Co. (itself descended from the Taishō Marine and Fire Insurance Co. founded in 1918) and The Sumitomo Marine & Fire Insurance. In 2010 April Aioi Insurance Co., Ltd., Nissay Dowa General Insurance Co., Ltd., merged into MSIG, making the group's name changed in to MS&AD Insurance Group Holdings, Inc.. According to this business integration, MS&AD has become the largest property insurance company in Japan, with market share of 33% in 2013. On 8 September 2015, it was announced that Mitsui Sumitomo had agreed to buy the UK insurance firm Amlin for £3.5bn. Group companies Non-life insurance * Mitsui Sumitomo Insurance Co., Ltd. Life insurance * Mitsui Sumitomo Kirameki Life Insurance Co., Ltd. * Mitsui Sumitomo MetLife insurance Co., Ltd. Companies not based in Japan * Amlin, plc *Cholamandalam MS General Insurance Cholamandal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Murugappa Group
Murugappa Group is an Indian conglomerate founded in 1900. The Group has 28 businesses including nine companies listed on the NSE and the BSE. Headquartered in Chennai, the major companies of the Group include Carborundum Universal Ltd., Cholamandalam Financial Holdings Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., EID Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Limited., Net Access India Ltd and Wendt (India) Ltd. The Group has presence in several segments including abrasives, auto components, bicycles, sugar, farm inputs, fertilizers, plantations, bioproducts and nutraceuticals. It owns brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Parry's, Chola, Gromor, Shanthi Gears and Paramfos. The Group has a workforce of over 50,000 employees. The current executive chairman is MM Murugappan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Billion
Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i.e. one million million, or (ten to the twelfth power), as defined on the long scale. This number, which is one thousand times larger than the short scale billion, is now referred to in English as one trillion. However, this number is the historical meaning in English for the word "billion" (with the exception of the United States), a meaning was still in official use in British English until some time after World War II. American English adopted the short scale definition from the French (it enjoyed usage in France at the time, alongside the long-scale definition). The United Kingdom used the long scale billion until 1974, when the government officially switched to the short scale, but since the 1950s the short scale had already been incr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cholamandalam MS General Insurance
Cholamandalam MS General Insurance Company Ltd (Chola MS) is an Indian insurance firm and a joint venture between the Murugappa Group, an Indian conglomerate, and the Mitsui Sumitomo Insurance Group, a Japanese insurance company. The firm produces a range of insurance products, including motor, health, accident, engineering, liability, marine, property, travel and rural insurance for individuals and corporate insurance. The company achieved a Gross Written Premium In the insurance industry, gross premiums written is the sum of both direct premiums written (see next paragraph) and assumed premiums written, before deducting ceded reinsurance. Direct premiums written represents the premiums on all policies the ... of Rs. 13465 million in 2011 – 12. The company has 93 branches and over 6,000 agents across the country. The company's motto is 'T3' – 'Trust, Transparency and Technology'. Chola MS was named the best insurance company in India for "In time Claims Settlement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Banking
Wholesale banking is the provision of services by banks to larger customers or organizations such as mortgage brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, institutional customers (such as pension funds and government entities/agencies), and services offered to other banks or other financial institutions. Wholesale finance refers to financial services conducted between financial services companies and institutions such as banks, insurers, fund managers, and stockbrokers. Modern wholesale banks engage in: * Finance wholesaling * Underwriting * Market making * Consultancy * Mergers and acquisitions * Fund management See also * Merchant banking * Retail banking * Commercial banking * Investment banking References {{reflist Banking Banking A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lendin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Student Loan
A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school. It also differs in many countries in the strict laws regulating renegotiating and bankruptcy. This article highlights the differences of the student loan system in several major countries. Australia Tertiary student places in Australia are usually funded through the HECS-HELP scheme. This funding is in the form of loans that are not normal debts. They are repaid over time via a supplementary tax, using a sliding scale based on taxable income. As a consequence, loan repayments are only made when the former student has income to support the repayments. Discounts are available for early repayment. The scheme is available to citi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
