Answer Posted / deepak
A bank is a financial organization where people deposit their money to keep it safe. Banks play an important role in the financial system and the economy. As a key component of the financial system, banks allocate funds from savers to borrowers in an efficient manner.
Regional Rural Banks were established with an objective to ensure sufficient institutional credit for agriculture and other rural sectors. The RRBs mobilize financial resources from rural / semi-urban areas and grant loans and advances mostly to small and marginal farmers, agricultural labourers and rural artisans. The area of operation of RRBs is limited to the area as notified by GoI covering one or more districts in the State.
Banking services for individual customers is known as retail banking. A bank that deals mostly in but international finance, long-term loans for companies and underwriting.
Merchant banks do not provide regular banking services to the general public Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank.
Mobile Banking is a service that allows you to do banking transactions on your mobile phone without making a call, using the SMS facility. Is a term used for performing balance checks, account transactions, payments etc. via a mobile device such as a mobile phone.
Traditional banking is the normal bank accounts we have. Like, put your money in the bank and they act as a security and you will get only the normal interests (decided by RBI in our case, FED bank in US).
Investment banking is entirely different. Here, people who are having so much money (money in excess which will yield only less interest if in Banks) will invest their money and get higher returns. For example, If i have more money instead of taking the pain of investing in share market, buying properties etc. I will give to investment banks and they will do the money management and give me higher returns when compared to traditional banks.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Discuss Stratified sampling & cluster sampling techniques and discuss with example where exactly these techniques are useful.
Tell about Cost- Push and Demand - Pull Inflation?
what is mean by Ratio analysis in the orgnations?
What is budgetary deficit?
What was the initial name of NITI Aayog?
Which was the first indian bank to set up internet kiosk?
What advice would you give to the customer to avoid bad debt?
How will you define Retail Banking?
The rule of the Risk management provides a basic framework within which risk management decision can be made .Doscuss.
why do u came to EXIM bank?
What is IISC Code?
What is the difference between balance sheet and the income statement?
What is the dividend?
What is a term loan agreement? What are its various clauses?
What is capm?
