Banking for practical use

Banking for practical use free download

This course can be studied by all international students to get good knowledge on banking concepts

Banking is an industry that handles cash, credit, and other financial transactions for individual consumers and businesses alike.

The major functions of banks are almost the same but the set of people each sector or type deals with may differ.

1. Acceptance of deposits from the public

2. Provide demand withdrawal facility

3. Lending facility

4. Transfer of funds

5. Issue of drafts

6. Provide customers with locker facilities

7. Dealing with foreign exchange

Banking is known to be important in the economy because it provides services to businesses and consumers, such as offering loans, checking accounts, and various other services.

Central Bank:-

Every country has a central bank that regulates and takes care of other banks’ mechanisms within it

Commercial Banks

The primary source of running for these banks are the only public deposits and customers.

Retail banks

Retail banks, also known as consumer banks, are commercial banks that offer consumer and personal banking services to the general public

Investment Banks:-

These investment banks are pretty well-known in western countries. The banks such as Morgan Stanley, Goldman Sachs, etc., are popular investment banks. These banks have the function of assisting and aiding individuals and institutions to raise capital, issue securities, and invest the income. They are also quite popular for trading securities, stocks, and instruments.

Please read the contents of the course thoroughly before purchasing