BANKING
FUNCTIONS OF BANKS
COMMERCIAL &
CENTRAL BANK
MONETARY POLICY OF
RBI
BANKS
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Banks are like reservoirs
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They collect the savings of some peopleand give them to others who use themproductively. In the process, they earn acommission, out of which they pay interestto those who save and deposits fund withthem
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A bank is an institution in which thosepeople who have spare cash deposit itand those who need funds borrow from it
TYPES OF BANKS
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COMMERCIAL BANKS
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EXCHANGE BANKS
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INDUSTRIAL BANKS
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AGRICULTURAL OR CO-OPERATIVEBANKS
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SAVINGS BANK
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CENTRAL BANK
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EACH TYPE SPECIALIZE IN APARTICULAR KIND OF BUSINESS
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