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Is it change or recovery

With the global economy in the deepest recession in 60 yrs,a record 131 economies reformed business regulation in the fiscal year ended in may during this year which was surprise to everybody. Doing business 2010:reforming through difficult time,it was found that recorded 287 reforms between June 2008 and may 2009, a sharp 20 percent rise from the previous year which was good news to business world.

As researcher has found that Singapore become consistent reformer ranked top of the list for the comfort of doing business for the fourth consecutive year and Newzealand was second country. Rwanda became the first sub-Saharan African economy to lead the world in reform of business regulation which was proud for the African country, making it easier to establish business,registered the property,protect the investor, trade across the border.

Business regulation can affect how well small and mid size firms cope with the crisis and seize the opportunity when recovery begins. The financial crisis has been a job crisis for the developing countries and government are very concerned to find the new sources of growth and job creation.so this problem has been quite headache for most of the developing countries and they are trying to overcome this problem.

Business and Bank together

Can business and bank be together, even though we know today's commercial bank are directly concentrated toward business motive and they themselves are business killer.Different business tycoon are also investing in this banking sector.In this competitive world it is hard to find the gap difference between banks and business.Business tycoon are focusing toward banking sector and banks are running toward profit and only profit goals without caring about clients interest and their emotion.lets see how far this competition can go on!

Employee motivation in private commercial bank

An organization is a team of people working to the advantage of the organization itself. The workforce employed is ranked differently distinguishing some into operative level and some into managerial level in banks. The primary task of managerial level staff is that of maintaining the organization to effective functioning. For this cause manager must see that his sub-ordinates work efficiently and produce results that are beneficial to the organization. "Since every action a manager takes in an organization stimulates a reaction in his subordinates he has no choice of whether or not he motivates them but how he does it. Thus the application of motivation is considered and managers are required to see if their actions be effective so that employees work for the benefit of the organization, or ineffective to the organization determinants.

It is a proven fact that the performance of any one's at his job is affected by a combination of ability and motivation. These two variables are such that one is absolutely disturbed in absence of another. For instance, ability cannot be extracted if there is no motivation to use them and likewise motivation cannot be valued if there is no ability. Since then much work has been done which is of relevance to management of human beings within the organization. A.H. Maslow's need hierarchy has also got its roots in the above findings. McGregor's conventional and modern theories tried to distinguish a gap between management philosophies on the very ground of managers realization of human requirements.

In spite of the tremendous development so far recorded in dealing with human factor of an organization this" modern management ideas are rejected for being too western in Nepalese organization". Motivating employees have never been regarded as a prime necessity here. The positive motivation which is named "anxiety reducing approach" or the "carrot approach" that offers something valuable for acceptable performance has nothing relationship with the benefit as provided. For, the advantage of the scheme is for all. Once it is applied and there is no question of acceptable or unacceptable performance. However, negative motivation or stick approach can be observed being enforced now and then. It is a threat against unacceptable performance. Moreover, this term also has got limited scope as the length of acceptable performance has yet to be defined.

The present study focuses its aim at bringing out some managerial philosophies as practiced in dealing with human relation in today's banking organization and motives to work among the employees. The studies although titled to the motivational aspect in broad, special attention have been paid to the lower level's motivation.

Function of commercial banks

The commercial banks are those that pool together the saving of the community & arrange for their productive uses. They supply the financial needs of the modern business by various means. They accept deposit from the public on the condition that they are repayable on demand or on short notice. Commercial banks are restricted to invest their funds in corporate securities. Their business is confined to financing the short term needs of trade & industries such as working capital financing. They cannot finance in fixed asset. They grants loan in form of cash credit & cheques, security of valuables goods, financial advising to their customers. Thus commercial bank works for overall development of industries, trade & commerce, service and also agriculture. Major functions of commercial banks of Nepal are as follow-:

1. Accepting deposits

Bank accepts deposit in different types of accounts:

a) current account

A current account is running account with amounts being paid into & drawn out the A/C continuously. Bank doesn't pay interest on credit balance & there must be some minimum balance, which is predetermined by bank and informed to A/C holders.

b) Saving account

Banks accept saving deposit from individual and non-profit making organization under this account. A normal rate of interest is provided in saving account & clients are restricted to freely operate their A/C by some rule such as maintaining balance. Any balance below minimum will be subject to incidental charge as fixed by the bank time to time.

c) Fixed deposit account

Fixed deposit account is also known as term of time A/C. under this account bank pays interest at regular intervals but principal only at maturity. Unlike other account, where funds can be added or deducted it is always for fixed account.

2. Advance loan

Bank performs the function of advancing loan to the needy parties it may be an individual or institution. It provides short term, mid term & long term loan under certain condition and for this it charge interest & can also ask for security guarantee.

3. Agency service

Banks perform various types of function as an agent on behalf of its clients. Under agency service, it performs following functions.

• collection of cheque
• fund transfer
• payment of cheque, bills & promissory notes
• security brokerage service
• issuance of letter of credit & guarantee
• Receipt of payment of certain dividend, interest etc.

4. Miscellaneous

Under this heading we can categorize the following functions.

• Issuance of traveler's cheque
• Safe deposit locker service
• Financial advisory service
• Collection of trade information & statistics
• Credit creation
• Credit cash

Do you know bank?

Bank constitutes an important segment of the financial infrastructures of a country. Banks are among the most important financial institutions in economy and essential business in thousands local towns and cities. So economic development of the country depends upon the growth of the financial infrastructure of the country. Bank does the business of the money, so it is an institution which deals the money by accepting various types of deposits, disbursing loan and other financial services.

There are many opinions on the term 'bank' evolution. There has been lots of investigation on the topic bank evolution which has come out with many opinions. Some say that the term 'bank' has been derived from the French word 'Banque' and some other insist that the term 'bank' has come from the Italian word 'Benca' which is derived from German and means bench, and some other believe that this term is derived from Latin 'Bancus'. Money lender in northern Italy originally did business in open area, or big open room, with each working from his own bench.

In simple word bank may be defined as financial institution which deals in money or monetary transaction which collect surplus money from the public who are not using it at the time and lend to those who are in the position to use it for the productive purposes. Bank pays a certain amount of money as interest on the money deposited by the customer and charged a interest on the leading money which may be differ from banks to banks.

The first bank was established in Venice named 'bank of Venice' in 1157A.D. After this, the second banking institution ' bank of Barcelona' was established in Spain in 1401A.D.similarly, 'bank of Geneva' was established in 1407A.D.