Frauds in Banks

Banking System [pic] What is depositing? While walking on the streets of every town or city you might have happen uponn some(a) signboard on buildings with names Canara bank, Punjab landal bank, State bank of India, Commercial bank, and so forth what do these names stand for? Did you ever try to receipt about them? If you ever enter such building you get out find some kind of a business office. You go forth see some employees sitting behind counters dealing with visitors standing(a) in front of them you will find that some atomic number 18 depositing money at one counter while some are receiving money at other counter behind the counters of office you will see tables and chairs occupied by officers. On one side of the office you will also see a chamber (small partitioned room) where the manager is sitting with papers on his tables this is office of a bank. DEFINATION OF BANKING Banking is defined in the Banking edict Act as the activity of acceptance of deposits of money from the everyday repayable on demand or otherwise for the propose of lending or for investment. TYPES OF BANKS [pic] EVOLUTION OF BANKING SYSTEM IN INDIA [pic] Banking dust occupies an important place in a nations economy. A banking institution is essential in a unexampled society.

It plays a pivotal role in economic ontogeny of a country and forms the core of the money market in an advanced country. Banking industry in India has traversed a long musical mode to assume its present status. It has undergone a major structural transformation after the nationalization of 14 major commercial banks in 1969 and 6 more on 15 April 1980. The Indian banking system is unique and perhaps has no parallels in the banking history of any country in the world. Investment in India - Banking System The central bank of the country is the Reserve Bank of India (RBI). It was established in April 1935 with a share capital of Rs. 5 crores on the basis of the recommendations of the Hilton unsalted Commission. The share capital... If you want to get a full essay, revise it on our website: Ordercustompaper.com

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