importance of bankers in 10 to 15 lines
Answers
Explanation:
Ten Lines on Banks
Set 1
1) Financial institutions which provide loans, accept deposits and manage monetary circulation are banks
2) Banks are the government certified and highly regulated financial authorities.
3) Majorly there are two types of banks Commercial/Retail Banks and Investment Banks.
4) Commercial/Retail banks provide consumer service like deposits, withdrawals, short term loans etc.
5) Investment banks provide corporate services like underwriting, trading, shares, mergers etc.
6) Banking system found its evolution since the 14th century in Italy.
7) The oldest working retail bank is Banca Monte Dei Paschi Di Siena in Italy.
8) Bahrenberg is the oldest corporate bank working since 1590.
9) Bank of Hindustan was the first bank of India established in 1770.