BANKING TERMS PART 1
-------- BANKING AWARENESS BY B.K SHARMA ------- (PO IN VIJAYA BANK) BANKING : Definition of Banking Business ‘Banking’ as defined in the Section 5 (b) of the Banking Regulations Act, 1949 is the business of "Accepting deposits of money from the public for the purpose of lending or investment". These deposits are repayable on demand or otherwise, and withdrawable by a cheque, draft, order or otherwise. The deposits accepted by a Banking Company are different from those accepted by Non Banking Finance Company or any other company in the nature in which these are repayable. Banks are the only financial institutes which can accept demand deposits (Saving / Current) which can be withdrawn by a cheque. Section 6 of Banking Regulations Act, 1949 elaborately specifies the other forms of business which a banking company may carry in addition to banking as defined in section 5. These ...


I want to improve maths plz tel source n suggestions
ReplyDeleteIt's depends on Practice .
DeleteU can prefer rs agrawal, mathura , kiran publication
But which u prefer practice that minimum 4 to 5 times