Banking Laws and Practices-Accountancy, Banking and Business Administration-Assignment , Exercises of Business Administration

Download Banking Laws and Practices-Accountancy, Banking and Business Administration-Assignment and more Exercises Business Administration in PDF only on Docsity! SEMESTER SPRING 2012 Banking Laws and Practices (BNK601) Assignment No.1 Due Date: April 12, 2012 Marks: 15 Assignment: The evolutionary process of banking in Pakistan has passed through different stages ranging from privatization to nationalization of banks. In 1974, when the banking sector was growing at a tremendous pace and contributing its role in financing business and corporate sector, Nationalization of Banks Act 1974 was promulgated and all operating commercial banks were taken into government custody. Being a student of banking specialization, analytically answer the following questions: • What was the effect of nationalization of banks on corporate culture and performance of banking industry at that time? (5 Marks) • Why the nationalization of banks was required despite of their proved role towards development in the country? (5 Marks) • What role the “Pakistan Banking Council” played in context to the nationalization of banks in Pakistan? (5 Marks) Instructions: Please read the following instructions carefully before preparing the assignment solution: • Avoid unnecessary details as it can have negative effect on your assignment score. • Produce answer in your own words to secure good grades. Note: Only in the case of Assignment, 24 hours extra / grace period after the due date is usually available to overcome uploading difficulties which may be faced by the students on last date. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience. docsity.com