Banking

What is Banking and Banking System?

What is Banking and Banking System?- Banking is one of the key drivers of the economy. It provides the liquidity needed for families and businesses to invest for the future.

Banking
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.

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Evolution of Banking

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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accepting for the purpose of lending or investment of deposits of money from public repayable on demand and can be withdrawn by cheque, draft order and so on.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
Banking Company is any company, which transacts the business of banking.

Banking System
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.

Banker

Banker provides economic, financial and banking intelligence for the countries economic, banking and financial sector for built a good reputation. Banker has been the trusted source of banking information. Banker strives to stimulate and inform, offering an unparalleled outlook with a wide range of banking and financial news, features, analysis and interviews, and in-depth coverage of all the key issues facing the financial and banking sector.

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