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Bank:
The term Bank derives from the Italian word banco, which means "desk/bench", used to make transactions above a desk covered by a green tablecloth. Banks are among the most important financial institution in the economy. Bank is the intermediary financial institution it takes deposit from the surplus unit and provide loan to the deficit unit.
The various definition of bank have been given by many writers; among those some definitions are as follows, * A bank is a financial organization that deals in money and credit. * A bank is an office or institution for the lending, keeping, exchanging etc of money. * Bank is a financial intermediary accepting deposits and granting loans; offers the widest range of services of any financial institution and in return receives payments from them. * Banks are different to other businesses as Banks do not sell goods to the customer but sell financial services. * A Bank is a business organization that receipts & payment funds to their customers.
In final we can say that a bank is an institution the principle function of which is to collect the unutilized money of the people and to lend it to others.
Banking:
According to Oxford English Dictionary “Banking is the business of a banker, the keeping or management of a bank”
According to Indian banking law section-5(1) “Banking means the accepting for the purpose of lending or investment of deposit or money from the public, repayable on demand or otherwise, and withdrawn able by cheque, draft, and order or otherwise
Banks view point: All of the activities of bank are called banking.
Clients view point: All of the activities of clients that are related with bank are called banking.
Banker:
According to British Stampt Act, 1881“any person carrying on the business of banking is a banker”
According to G.Crowther, “A bank is a dealer in debt –his own and other peoples.”
A banker is a person who deals with the money of others; but he
The term Bank derives from the Italian word banco, which means "desk/bench", used to make transactions above a desk covered by a green tablecloth. Banks are among the most important financial institution in the economy. Bank is the intermediary financial institution it takes deposit from the surplus unit and provide loan to the deficit unit.
The various definition of bank have been given by many writers; among those some definitions are as follows, * A bank is a financial organization that deals in money and credit. * A bank is an office or institution for the lending, keeping, exchanging etc of money. * Bank is a financial intermediary accepting deposits and granting loans; offers the widest range of services of any financial institution and in return receives payments from them. * Banks are different to other businesses as Banks do not sell goods to the customer but sell financial services. * A Bank is a business organization that receipts & payment funds to their customers.
In final we can say that a bank is an institution the principle function of which is to collect the unutilized money of the people and to lend it to others.
Banking:
According to Oxford English Dictionary “Banking is the business of a banker, the keeping or management of a bank”
According to Indian banking law section-5(1) “Banking means the accepting for the purpose of lending or investment of deposit or money from the public, repayable on demand or otherwise, and withdrawn able by cheque, draft, and order or otherwise
Banks view point: All of the activities of bank are called banking.
Clients view point: All of the activities of clients that are related with bank are called banking.
Banker:
According to British Stampt Act, 1881“any person carrying on the business of banking is a banker”
According to G.Crowther, “A bank is a dealer in debt –his own and other peoples.”
A banker is a person who deals with the money of others; but he