Banking

Bank Customer A person who has a bank account in his name and for whom the banker undertakes to provide the facilities as a banker…

A bank is one kind of financial institution which deals with money and other monetary instruments and conducts business. Bank receives deposits from one group…

Lien is a right to keep possession of property belonging to another person until a debt owed by that person is discharged. A particular lien…

Cash reserve ratio (CRR) is generally defined as a particular minimum amount of deposits that needs to be maintained as a reserve by every commercial…

Operation of Credit Card A credit card is a payment card issued to users rs as a system of payment. It allows the cardholder to…

A relationship between Bank Directors and Bank Management A board of directors is a body of elected or appointed members who jointly oversee the activities…

Merchant Banking A merchant bank is a financial institution that provides capital to companies in the form of share ownership instead of loans. A merchant…

ATM Operation “Automated Teller Machine – ATM” is an electronic banking outlet, which allows customers to complete basic transactions without the aid of a branch…

Online Banking Online banking (OBL) is an electronic payment system that enables customers of a financial institution to conduct financial transactions on a website operated…

Deposit is the blood of a bank and bank is the blood of an economy – justification, Besides performing the usual commercial banking functions, banks…