PRESENTATION ON BANKING INDUSTRY
DEFINATION “ A bank is a financial institution that accepts deposits and channels the money into lending activities .” “ Banking is an service based industry that is built on trust”.
DERIVATION OF BANKING ITLIAN WORD BANCO “ DESK/BENCH ”. ANCIENT ROMAN EMPIRE “ BANCU ”.
INTRODUCTION BANK STATEMENT ARE ACCONTING RECORDS. WORKS UNDER GAAP AND IFRS. THERE ARE TWO KINDS OF ACCOUNTS DEBIT AND CREDIT. INDIAN BANK ESTABLISHMENT IS ON 1786 THE CONCEPT OF BANKING FIRST STARTED IN EGYPT AND GREECE
MOTIVE OF BANK TO PROVIDE LOAN TO TRADING COMPANIES.
TO PROVIDE FUNDS TO BUSINESSES.
Law of banking Banking law is based on a contractual analysis of the relationship between the bank and the customer. any entity for which the bank agrees to conduct an account. The bank account balance is the financial position between the bank and the customer.
combine the customer's accounts.
OTHER SERVICES BANK NOTES INTERNET BANKING BANK DRAFT AND BANK CHEQUES TERM DEPOSIT OVER DRAFT CREDIT TRADE FINANCE SAFE DEPOSIT BOX ATM’SAND Alms Mobile offices and mobile ATMs
ENTRY IN MARKET ‘ fit and proper for the bank.
Approval of the bank’s business plan.
Great depression in saving and loan crisis in 1980s.