Define Banking and Banking Company. Explain the Business of Banking Company as given in Banking Regulation Act, 1949.
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As per section 5(b) of Banking Regulation Act, 1949. The term banking is defined as ―accepting, for the purpose of. lending or investment of deposits of money from the public, repayable on. demand or otherwise, and withdrawals by cheque, draft, order or. otherwise"
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There are many provisions of banking regulation act 1949 and ... going to the topic about business of banking companies.
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