Question

hat Is
din principles of insurance,
Define bank. Explain. Different types of banks​

Answer 1

Answer:

According to Section 5(b) of Banking Regulation Act, 1949 (BR Act) the business of

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 withdraw able by cheque,

draft, order or otherwise .

1.commercial banks or deposits banks

a. scheduled banks

b.non scheduled banks

2. industrial banks

3. co-operative banks

4. agricultural banks

5. regional rural banks

foreign exchange banks

7. savings banks

8. Central Banks

9. development banks

10. public sector banks

11. private sector banks

12. world Banks

13. New generation banks

Explanation:

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