Difine bank, explain the structure
of Indian banking system?
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Definition of bank:
A bank is an institution which attracts money on deposits for the purpose of being lent to industry or trade.
Structure of banking system:
A bank is a financial institution that provides banking and other financial services to their customers. A bank is generally understood as an institution which provides fundamental banking services such as accepting deposits and providing loans. There are also nonbanking institutions that provide certain banking services without meeting the legal definition of a bank. Banks are a subset of the financial services industry.
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