Banking may be defined as the business conducted by a bank.

1. Banking
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2. Learn from India’s Best Professors
Definition
Banking may be defined as the business
conducted by a bank.
A bank is a financial institution that has the
license to act as a receiver of deposits.
A bank serves as a link between those
customers with capital deficits and those with
capital surpluses.

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Banking in India
One of the first banks in India was the
Bank of Hindustan (1770-1829).
The State Bank of India is the oldest bank
that is still in existence.
The government nationalized all of the top
banks in 1969 that it still did not own.

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E-Banking
 Both small scale and large scale businesses are
heavily reliant on rapid access to banking
information for auditing, cash flow reviews etc.
 E-banking has now allowed such companies as
well as individuals ease of access, 24-hour
banking facility and secure transactions.

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