Introduction To Banking | by Abhishek Sir

Introduction To Banking | by Abhishek Sir
Topics are covered in :
1.What is bank ?
A bank is a financial institution that provides a wide range of financial services to individuals, businesses, and governments. Here is a concise definition:
"A bank is an institution that accepts deposits, makes loans, and provides other financial services, acting as a safe and secure intermediary between savers and borrowers."
Key characteristics of a bank:
1. Accepts deposits (e.g., checking, savings accounts)
2. Makes loans (e.g., mortgages, personal loans)
3. Provides payment services (e.g., credit cards, wire transfers)
4. Offers investment and insurance products
5. Regulated by government agencies (e.g., central banks, financial authorities)
Banks play a vital role in facilitating financial transactions, managing risk, and supporting economic growth.
2.bank basically classified into two parts:
1.Central Bank
2.commersial Bank
what is bank
What is RBI
what is central Bank
what is commercial Bank
What is finance
what is mutual fund
reserve Bank of India
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