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Bank

Bank in a very simple meaning is an institution that conducts financial related activities. It is called a departmental store of financial activities. According to history, banking was developed by goldsmiths.

Banks have become a part of civilized society. Their services or functions have reached to each and every state of a modern society.

Banking means the business of borrowing and lending money from the public and institution that repayable on demand, withdrawal by cheque, drafts etc

Banks are classified according to its nature and function. 

1.     Central Bank

2.     Commercial Bank

3.     Saving Bank

4.     Development Bank

5.     Exchange Bank

6.     Industrial Bank

7.     Investment Bank

8.     Rural Development Bank etc.


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