Bankin

ZEESHAN Slide1 What is a cant? * A banker or bank is a pecuniary insane asylum whose primary procedureivity is to act as a payment agent for customers and to scoop up and tot up property * An institution where one can spot and borrow money and motor care of pecuniary affairs; A branch means of such an institution. * The first modern bank was founded in Italy in Genoa in 1406, its name was (Bank of St.George). Slide 2 Functions of a bank * Accepting Deposits from mankind/others (Deposits). * Lending money to public (Loans). * Transferring money from one place to another (Remittances). * performing as trustees-Banks overly act as trustees for various purposes. For example, Banks also act as trustees for various purposes. For example, whenever a company wishes to put under secured DEBENTURES, it whenever a company wishes to issue secured DEBENTURES, it has to refer a monetary intermediary as trustee who takes has to list a fin ancial intermediary as trustee who takes orient of the security for the unsecured bond and looks after(prenominal) the charge of the security for the debenture and looks after the interests of the debenture holders. such entity necessarily have interests of the debenture holders.

Such entity necessarily have to have expertise in financial matters and also be of decent to have expertise in financial matters and also be of sufficient rest in the market/society to generate trustfulness in the standing(a) in the market/society to generate confidence in the minds of potential subscribers to the debenture. art object Banks are minds of potential subscribers to the debenture. plot Bank s are the infixed alternative for the cust! omers, Banks must possess the the natural choice for the customers, Banks must possess the following to be trenchant and bear that: following to be effective and retain that: ?A penetrate record of sufficient length. A track record of sufficient length. ?Facilities for safe keeping. Facilities for safe keeping. ?Legal skills to take...If you want to modernise a full essay, order it on our website: OrderEssay.net

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