Commercial Banks

1 COMMERCIAL BANKING INTRODUCTION chamfering occupies angiotensin converting enzyme of the most all important(p) positions in the modern stinting world. It is necessary for trade and industry. indeed it is one of the great agencies of commerce. Although patoising in one form or some other has been in existence from very proterozoic times, modern banking is of late(a) origin. It is one of the results of the Industrial Revolution and the child of economic necessity. Its nominal head is very helpful to the economic performance and industrial ramp up of a country. Meaning A commercial bank is a pro?t-seeking business ?rm, relations in gold and credit. It is a ?nancial institution dealing in capital in the find that it accepts deposits of money from the public to come up them in its custody for safety. So also, it deals in credit, i.e., it creates credit by making advances disclose of the funds secured as deposits to needy people. It thus, functions as a mobiliser of preservation in the economy. A bank is, because like a reservoir into which ?ow the savings, the idle surplus money of households and from which loans are apt(p) on interest to businessmen and others who need them for enthronement or productive uses. Definition of a entrust The rich term Bank has been de?ned in varied ways by different economists.

A few de?nitions are: According to Walter Leaf A bank is a person or corporation which holds itself out to receive from the public, deposits payable on demand by cheque. Horace whitened has de?ned a bank, as a manufacture of credit and a instrument for facilitating exchange. According to Prof. Kinley, A bank is an est! ablishment which makes to individuals such(prenominal) advances of money as may be required and safely made, and to which individuals leave money when not required by them for use. 2 Banking The Banking Companies Act of India de?nes Bank as A Bank is a ?nancial institution which accepts money from the public for the purpose of lending or investment repayable on demand or other withdrawable by cheques, drafts or order...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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