Whats inside an ATM Machine ?

To see an ATM Machine from Bank's Point of View.... Visit the following link

http://videos.howstuffworks.com/howstuffworks/3-how-atms-work-video.htm

How Money Laundering Works

How Money Laundering Works

by Julia Layton

Inside this Article

1. Introduction to How Money Laundering Works
2. Money-laundering Methods
3. Busted Money-laundering Operations

4. The Effects of Money Laundering
5. Fighting Money Laundering
6. Lots More Information
7. See more »

Source: 

http://money.howstuffworks.com

Patwari (Revenue) Record System in Pakistan

We as bankers considers the land a good security for our loans and advances. In Pakistan as we dont have any proper record of land therefore we rely on the record of revenue system. This record was acutually established before Partition to collect revenue from farmers. 

This record is very important and for bankers, especially the credits staff it is essential to have good knowledge about this system.  While googling on the internet I found some very good links which have good information about Patwari system and I want this to share with all of you so you can know more about it, coz the other option is very tough, time taking and full of sweat. I mean the option of getting knowledge from your experience. Although, it is necessary to go and deal them yourself because there are lot of things which are out of books and can only be dealt through your experience.

Here are the links,

http://en.wikipedia.org/wiki/Patwari

http://pportal.punjab.gov.pk/portal/docimages/12423EDO_Revenue.pdf

http://www.lhc.gov.pk/rulesorder/vol_1/ch9.htm

Its You ! which Matters ! Not JAIBP

Some days ago I received an email from a visitor asking about the job prospects after passing Stage-I of JAIBP. For that I would like tell all you guys that IBP is to improve your qualifcation and through this you not only improve your CV but also get knowledge about banking. Its always good for bankers to keep improving their knowledge but this doesn't guarantee a job to you, unless and untill you can prove your self and justify this degree in interview.

Therefore, make a habbit of keeping yourself upto date not only during your IBP exams but through out your life. Try to utilize available resources around you. For example the papers and magazines available in your office or college. Websites which contains update information on banking, e.g. www.ibp.org.pk , www.sbp.org.pk and there are many other sites you may find on this blog which can help you getting updated info.

IBP website is one of some good sites which contains not only updated information about latest jobs but also about economic events. You can read the economic newsletter on their website which is very good and informative. There is also an option for subscription of that newsletter (Although it never worked for me... I subscribed but never received any mail.) which you can use if you dont have access on internet but only the email . 

Similalry, SBP is a comprehensive website containing all the latest news about banking industry and SBP activities.

So keep your self update with the latest information .... because in economics they say you get a better bargain / deal if you have better information about the market.... and this is a rule of thumb.... go for it.

Good Luck!

Get Ready for the Summer Exams!

Although the result for winter is very late for Institute of Bankers JAIBP exams but who those are confident that they will get through should buy the books for the nexr stage and start working on that ! 

Get through the outline! prepare yourself ! Collect the maximum books among the referred books. and try to go through them thoroughly! atleast a thorough study of the IBP published books. Although those books are not so much well edited but still they covers the maximum topics.

Business Section of the newspaper, old papers and old students .... yead get all these things around you.... or you stay around them..... 

Not Lucky anymore!!!

Formally declared ! we are in recession phase! ..... All that free market theories failed and now Govts. are in to save us all!

Lots and lots of tips that how to keep yourseld in this critical economic situation.

Banking industry in Pakistan is facing a very hard time and the SBP is making the regulations more strict. Ultimately we are going back to that era in which the banks only invested in the T-Bills and allowed a very handsome profit on the deposits. Economic activities are getting slower! 

But the shock in less in our region as compare to Other areas of the world. 

You are Lucky to have this Depression ....

So guys .... you people might learned about the great depression in 1930's .... and you people are lucky that you are experiencing a little bit same situation now a days in the economies of the world.

People will probably disagree with me for declaring them "lucky" because the prices are sky rocketing and business activities are tooooo slow .... But guess what .... after the great depression Jhon Meynard Keynes emerged with new theories for economics which changes the whole thinking of the world ... so such "costly" experiences don't occur often .... therefore consider your self lucky!

To tackle this situation State Bank of Pakistan like all the Central Banks of the World is playing very actively to control the situation in the country. The have decreased the CRR and SLR which will bring much liquidity in the market. Like all other sectors of the economy, banking sector is also suffering from this slump. Recent rumors for bank default added a lot in this slowdown of business activity.

Purpose of discussing all these things is that these are what you will be going to discuss in your paper of JAIBP. Because now Institute of Bankers Pakistan is concentrating much on the practical case studies for its examinees. The pattren of the paper is very much changed now. Although the previous papers help you to prepare for the exams but you should also keep in mind and have a know how of current situations.