Scribd Logo
Upload

Welcome to Scribd!

  • 9 views

    Section 5 (B) of The Banking Regulation Act, 1949, Defines Banking As

    Uploaded by

    adyashasmile
    Banking is defined as accepting deposits of money from the public that are repayable on demand and withdrawable by cheque, draft, or order. Banks provide payment and financial services like loans, deposits, money transfers, investment services, and more. Banking is based on principles of liquidity, safety, profitability, secrecy, and service quality. Commercial banks primarily accept deposits and grant loans, while also offering secondary services. Universal banks operate extensive branch networks and provide diverse financial services, equity, debt, and participate in corporate governance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Section 5 (B) of The Banking Regulation Act, 1949, Defines Banking As

    Uploaded by

    adyashasmile
    9 views5 pages
    Banking is defined as accepting deposits of money from the public that are repayable on demand and withdrawable by cheque, draft, or order. Banks provide payment and financial services like loans, deposits, money transfers, investment services, and more. Banking is based on principles of liquidity, safety, profitability, secrecy, and service quality. Commercial banks primarily accept deposits and grant loans, while also offering secondary services. Universal banks operate extensive branch networks and provide diverse financial services, equity, debt, and participate in corporate governance.

    Original Description:

    Original Title

    Banking

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Banking is defined as accepting deposits of money from the public that are repayable on demand and withdrawable by cheque, draft, or order. Banks provide payment and financial services like loans, deposits, money transfers, investment services, and more. Banking is based on principles of liquidity, safety, profitability, secrecy, and service quality. Commercial banks primarily accept deposits and grant loans, while also offering secondary services. Universal banks operate extensive branch networks and provide diverse financial services, equity, debt, and participate in corporate governance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    9 views5 pages

    Section 5 (B) of The Banking Regulation Act, 1949, Defines Banking As

    Uploaded by

    adyashasmile
    Banking is defined as accepting deposits of money from the public that are repayable on demand and withdrawable by cheque, draft, or order. Banks provide payment and financial services like loans, deposits, money transfers, investment services, and more. Banking is based on principles of liquidity, safety, profitability, secrecy, and service quality. Commercial banks primarily accept deposits and grant loans, while also offering secondary services. Universal banks operate extensive branch networks and provide diverse financial services, equity, debt, and participate in corporate governance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    of 5

    DEFINITION OF BANKING

    Section 5(b) of the Banking Regulation Act, 1949, defines banking as:
    Accepting

    for the purpose of lending and investment, deposits of money from public, repayable on demand or otherwise and withdrawable by cheque, draft, order or otherwise.

    FINANCIAL SERVICES PROVIDED BY BANKS


    y

    Payment System Constituent: y Payments and remittances y Collection Financial Intermediary: y Deposit y Loan Allied Services: y Sale of Mutual funds, insurance, gold coins y DeMat services y Safe-custody y Utility bills and taxes

    BANKING A BUSINESS OF TRUST


    Principles

    on which banking business is

    based : Liquidity Safety Profitability Secrecy Service Quality

    COMMERCIAL BANK
    Primary functions: The primary functions of a commercial bank include: a) accepting deposits; and b) granting loans and advances

    Secondary Functions:

    UNIVERSAL BANKING

    As per the World Bank, "In Universal Banking, large banks operate extensive network of branches, provide many different services, hold several claims on firms(including equity and debt) and participate directly in the Corporate Governance of firms that rely on the banks for funding or as insurance underwriters".

    You might also like