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Today is Jalaram jayanti. Know full detail about jalarambapa

Today is Jalaram jayanti. Know full detail about jalarambapa.
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Today is Jalaram jayanti. Know full detail about jalarambapa

Bank is an institution that accepts deposits of money from the public withdraw-able by cherub and used for lending.

Thus, there are two essential functions which make a financial institution a bank: 
The above discussion implies that neither of the functions alone is sufficient to earn an institution the status of a bank (in the modem sense of the term). Thus, acceptance, of chequable deposits from the public is only a necessary, but not a -sufficient, function of a bank. It must also lend to others. For this reason, Post Office savings banks are not banks in the accepted sense of a bank, even though some of them accept chequable deposits.


Today is Jalaram jayanti. Know full detail about jalarambapa
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