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State Bank of India

State Bank of India

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Published by Pallavisweet

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Published by: Pallavisweet on Mar 18, 2010
Copyright:Attribution Non-commercial

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12/05/2010

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STATE BANK OF INDIASTATE BANK OF INDIA
 
BankBank
A banker or bank is a financialA banker or bank is a financialinstitutions whose primary activity isinstitutions whose primary activity isto act as a payment agent forto act as a payment agent forcustomers and to borrow or lendcustomers and to borrow or lendmoneymoneyThe first modern bank was foundedThe first modern bank was foundedin Itlay in Genoa in 1406 namedin Itlay in Genoa in 1406 namedBank of St GeorgeBank of St George
 
Functions of bankFunctions of bank
Accepting depositsAccepting depositsIssues debenturesIssues debenturesRemittancesRemittancesCustodial servicesCustodial servicesGovernment businessGovernment business

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