Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
53Activity
0 of .
Results for:
No results containing your search query
P. 1
Hsbc Bank

Hsbc Bank

Ratings:

5.0

(1)
|Views: 1,821 |Likes:

More info:

Published by: govindakhandelwal4106 on Aug 25, 2009
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOC, PDF, TXT or read online from Scribd
See more
See less

08/15/2013

pdf

text

original

 
PROJECT REPORTON
HSBC BANK PLC
SUBMITTED TO:
P
ROF
. U
DDEEPAN
C
HATTERJEE
S
UBMITTED
B
 Y
:
H
AMAD
S
IKANDAR
G
OVINDA
K
HANDELWAL
H
ONEY
 
MALVIYA
J
ITENDRA
K
ANADE
1
(G
ROUP
4, S
ECTION
-B)
 
CONTENTSINTRODUCTION TO THE BANKING SECTOR
 
Banking, the business of providing financial services to consumers and businesses.The basic services a bank provides are checking accounts, which can be used likemoney to make payments and purchase goods and services; savings accounts andtime deposits that can be used to save money for future use; loans that consumersand businesses can use to purchase goods and services; and basic cashmanagement services such as check cashing and foreign currency exchange. Abroader definition of a bank is any financial institution that receives, collects,transfers, pays, exchanges, lends, invests, or safeguards money for its customers
.
D
EFINITION
:
Engaging in the business of keeping money for savings and checkingaccounts or for exchange or for issuing loans and credit etc.
2
 
Transacting business with a bank; depositing or withdrawing funds or requesting a loan etc
A banker or bank is a financial institution that acts as a payment agent for customers, and borrows and lends money. ...
A banker or bank is a financial institution whose primary activity is to act as apayment agent for customers and to borrow and lend money.
 
H
ISTORY
O
F
B
ANKING
:
The first modern bank was founded in Italy in Genoa in 1406, its name was Bank of St. George. Banks have influenced economies and politics for centuries. Historically,the primary purpose of a bank was to provide loans to trading companies. Banksprovided funds to allow businesses to purchase inventory, and collected those fundsback with interest when the goods were sold. For centuries, the banking industryonly dealt with businesses, not consumers. Banking services have expanded toinclude services directed at individuals, and risk in these much smaller transactionsis pooled.
 
INTRODUCTION TO THE COMPANY
HSBC Holdings plcType
Public (LSE: HSBA, SEHK: 005,NYSE:HBC,Euronext: HSB, BSX: 1077223879)
Founded
Founder 
Headquarters
3

Activity (53)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
Mradul Yadav liked this
Soni Brijesh liked this
Emma Litting liked this
Mohamed Ahmed liked this
vijayspalnati liked this
Dilip Pawara liked this
vishnihalani liked this
vishnihalani liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->