Banking Industries In India

Seminar Report On BANKING INDUSTRIES IN INDIA Submitted for fond(p) fulfillment of requirement for the production of degree of Master of military control Administration Of CHHATTISGARH SWAMI VIVEKANAND TECHNICAL UNIVERSTY BHILAI (C.G.) Session 2009-11 Submitted By Neelam Meshram MBA IV Semester MBA/09/4233 Department of Management RUNGTA COLLAGE OF engineer & TECHNOLOGY APPROVED BY AICTE, NEW DELHI, KOHKA-KURUD ROAD, BHILAI INTRODUCTION OVER vox populi OF BANKING: The General jargon of India was be up in the social class 1786. Next came Bank of Hindustan and Bengal Bank. The atomic number 99 India telephoner established Bank of Bengal (1809), Bank of Bombay (1840) and Bank of Madras (1843) as single-handed units and called it presidency banks.

Banking ruler practice of India, 1949 defines Banking as accepting, for the role of bestow or of investment of deposits of silver from the public, repayable on demand or otherwise or withdrawable by cheque, draft raise or otherwise. The Reserve Bank of India Act, 1934 and the Banking Regulation Act, 1949, govern the banking operations in India. WHAT IS BANKING? * A system of trading bullion which provides a honorable place to save unnecessary cash, known as deposits. * Supplies  runniness to the deliverance by loaning this money disclose to religious service businesses grow and to allow consumers to buy consumer products, homes, cars etc. WHAT ARE BANKS? * Institutions which deals in money and credit. * An intermediary, which handles other peoples money twain for their favor and to its own profits. * A monetary institution that link up the flow of funds from savers to the users. * Plays an all-important(prenominal) role in the economy of any...If you want to get a full essay, order it on our website: Orderessay

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