The Banks can be classified on a number of basis. Depending upon the criterion selected, a bank can be classified into more than one category also.
WHAT IS A BANK ?
A Bank is a financial institution which acts as an intermediary between those who have surplus funds and those who need it. Persons with surplus funds keep...
HISTORY OF BANKING
The idea of banks began as long ago as 1,800 BC in Babylon, a city in present day Iraq. In those days wealthy persons acted as moneylenders and made loans to people.
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