Description
The word “Bank” means “an organization where people and businesses can invest or borrow money, change it to foreign currency, etc.”
Gerald Klein of University of London explains “bank” as “a body, corporate or not, that has been recognized by Bank of England under the Banking Act, 1987, to accept deposits as defined by that Act. In UK there is no statutory definition of a “bank or “banker”.
The following objectives are included in this Presentation:-
- Introduction to Banking
- Banking regulation
- Bank-customer relationship
- Types of customers and their accounts
- Deposit accounts
- Negotiable instruments and related matters
- Loans and advances
- Fee-based banking services
- Electronic banking
- Marketing of Bank Products
- Know Your Customer (KYC)
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