Question

parra banking means pls explain in detailed?

Answer 1

Banks can undertake certain eligible financial services or activities either departmentally or by setting up subsidiaries is called Para Banking. We could also define Para banking activities as the activities which are done by a Bank apart from its normal day to day activities (like deposit, withdrawal etc.).

Answer 2

banks can undertake certain eligible fincial services or activities either departmently or by setting up subsidiaries is called para banking.