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Deposit : Meaning, Types and Mobilization
Meaning of Deposit A deposit is an act of keeping or placing money with the bank. It is done through a bank account opened with the bank which may or may not provide interest to the depositor. Such accounts are opened as per the need of customers along with integrated facilities provided by a bank.…
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Customer Oriented Banking Service (COBS)
Just like any other business, customers are the core of the banking business too. It is for customers, all the products and services of banks have to be designed. Customers are the actual users and beneficiaries of such services. If a customer has to feel-good factor for a bank, it works as an inducer for…
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Bank : Meaning, Evolution, Importance and Types
Meaning of Bank bank is a financial institution dealing with money or monetary transactions. It is a licensed and regulated institution involved in accepting the deposit, creating credit and performing other monetary transactions. Bank collect money from those having a surplus of it and lend the collected money to those who are in a deficit…