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What is Banking and Banking System?

 05-NOV-2012

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Banking is a business of accepting deposits and lending money. It is carried out by financial intermediaries, which performs the functions of safeguarding deposits and providing loans to the public.

In other words, Banking means accepting for the purpose of lending or investment of deposits of money from public repayable on demand and can be withdrawn by cheque, draft order and so on.

Banking Company: Any company, which transacts the business of banking

Banking System is a principal mechanism through which the money supply of the country is created and controlled. The banking system enables us to understand Commercial Banks, Secondary Banks, Central Banks, Merchant Bank or Accepting Houses and Discount Houses but to exclude the Saving Banks and Investment and other intermediaries.

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By:YARAMALA AVINASH REDDY | On:04-JUN-2014 21:24:10


THIS WEBSITE IS A PLACE WHERE WE CAN GET ALL THE REQUIRED AND NECESSARY INFORMATION.


By:sumit singh | On:22-JUL-2013 22:09:09


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