A Research on Factors of Forex Procedures in Private Bank
William Robert P1, R. Monisha2
1William Robert.P, Asst. Professor, Saveetha School of Management, SIMATS, Chennai , Tamil Nadu, India.
2R.Monisha, Student, Saveetha School of Management, SIMATS, Chennai, Tamil Nadu, India.
Manuscript received on 13 September 2019 | Revised Manuscript received on 22 September 2019 | Manuscript Published on 11 October 2019 | PP: 776-781 | Volume-8 Issue-11S September 2019 | Retrieval Number: K113609811S19/2019©BEIESP | DOI: 10.35940/ijitee.K1136.09811S19
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Considering the perception of the respondents the study was conducted on factors influencing forex procedures in a private bank . This study focus on the objective such as employees and customer knowledge in forex procedures and collect the respondents profile and also to find out the factors which influencing forex procedures. To achieve these Descriptive analysis style is employed, during this study the source of information is collected based on the self structured questionnaire from Reserve Bank of India guidelines. Frequency analysis, factor analysis and mean analysis was used to analyze the collected information. The study inferred that majority of respondents are male within the age group of 25 to 35 years and designation with middle level .The finding of the study revealed that Ofac form, Realization of overseas ,Merchant rate transaction are the factor which influencing the Forex procedures .
Keywords: Foreign exchange procedures, Office of foreign assets control (ofac), Realization of overseas, Merchant trade transaction, Self write off, Factor influencing the procedures.
Scope of the Article: e-Commerce