banking policy definition
banking policy means any policy which is specified from time to time by the Reserve Bank in the interest of the banking system or in the interest of monetary stability or sound economic growth, having due regard to the interests of the depositors, the volume of deposits and other resources of the bank and the need for equitable allocation and the efficient use of these deposits and resources;
banking policy means a policy which is specified by the Bank of Ghana in the interests of the banking system or in the interests of monetary stability or sound economic growth;
banking policy means a policy which is specified by the Bank of Ghana in the interest of the banking system or in the interest of monetary stability or sound economic growth;
More Definitions of banking policy
banking policy means policy specified by RBI from time to time in the interest of
banking policy means any policy specified from time to time by the RBI in the interest of the banking system or in the interest of monetary stability or sound economic growth
banking policy means a policy which is specified by the Bank of Ghana in the interestsof the banking system or in the interests of monetary stability or sound economicgrowth; “capital adequacy ratio” of a bank is the ratio expressed as a percentage of its capitalbase to its risk weighted exposure; “chief executive” in relation to a bank, means a person, by whatever name called, whois responsible, subject to the authority of a bank’s board of directors, for the conductand management of the business of the bank; “connected lending” or “lending to related parties” means taking a financial exposure inrespect of (a) directors or significant shareholders, (b) firms or companies in which a director or a significant shareholder isinterested, directly or indirectly as director controlling shareholder, partner,proprietor, employee or guarantor, (c) holding or subsidiary companies of the company in which a director orsignificant shareholder is interested, directly or indirectly, as director,controlling shareholder, partner, proprietor, employee or guarantor; “controlling shareholding” means a direct or indirect holding in a bank (a) which represents more than fifty per cent of the capital or of the votingrights, or (b) which makes it possible to exercise a significant influence over themanagement of the bank in which a holding subsists; “financial exposure” of a bank to a person, firm, body corporate, or any unincorporatedbody of persons, concern or combination of that person, firm, body corporate, or anunincorporated body of persons, concern or combination shall be taken to be theaggregate of (a) the loans, advances and credit facilities (including off-balance sheetobligations) given to that person, firm, body corporate, or anunincorporated body of persons, concern or combination, and (b) the value of the bank’s holdings of shares and debentures and other debtsecurities issued by that person, firm, body corporate, or an unincorporatedbody of persons, concern or combination; Banking Act, 2004 Act 673 37 and in computing the financial exposure the following assets that may be held as collateralshall be deducted (c) cash deposit; (d) lien on term deposit with the bank; (e) market value of Treasury Bills, Government Securities, Bank Securities,and (f) other securities approved by the Bank of Ghana; “foreign bank” means a bank incorporated in Ghana in which not less than sixty percent of the equity share capital is held by foreigners; “large exposure” means financial exposure to a sing...