SUBJECT : BUSINESS STUDIES UNIT : BUSINESS SERVICES TOPIC : BANKING GROUP MEBERS : SOUMYA ,SYAMA, SREEPRIYA
FINANCE IS THE LIFEBLOOD OF BUSINESS . FINANCE IS NEEDED FOR THE UNINTERUPTED SUPPLY OF GOODS AND SERVICES . BANKS PLAY A VITAL ROLE IN MEETING THE FINANCIAL REQUIREMENTS OF VARIOUS BUSINESS ACTIVITIES . INTRODUCTION
Accepting for the purpose of lending or investment of deposits of money from the public , repayable on demand or otherwise and may be withdrawn by cheque , draft , order or otherwise. BANKING
COMMERCIAL BANKS CO-OPERATIVE BANKS SPECIALISED BANKS CENTRAL BANK TYPES
Commercial bank is a business of receiving deposit , lending them to the people need finance and rendering other useful services. COMMERCIAL BANKS
PUBLIC SECTOR BANKS PRIVATE SECTOR BANKS TYPES OF COMMERCIAL BANKS
Co-operative banks are governed by the provisions of state co-operative societies Act.They encourage thrift , accept deposit and lend money to the members at low rate of interest. CO-OPERATIVE BANKS
Specialized banks are those banks which render specific services to the public. SPECIALISED BANS
A central bank is the principle banking institution of the country. It is owned and managed by the government. CENTRAL BANK
BANKS PLACE AN IMPORTANT ROLE ECONOMIC SYSTEM OF OUR COUNTRY. BANKS RENDER FINANCIAL SERVICE TO THE NEEDY PEOPLE. CONCLUSION
Visit nearest bank and collect more details about banking function. FOLLOW UP ACTIVITY