Download Banking Study Material by CBSE Pdf book free online – from Banking Study Material by CBSE Pdf book; This note explains the following topics: Functions Of Banking and Indian Banking System, Banker and Customer, Employment of Bank Funds, Laws Relating to Negotiable Instruments, Communication at Workplace.
A banking company is a company, which accepts deposits of money for the purpose of lending or investment from the public which is payable on demand (Savings Bank and Current Accounts) or otherwise (after a period like Fixed Deposits) and withdrawable by cheque (Savings Bank and Current Accounts) or otherwise (by other instruments like fixed deposits).
A banker also gives clients financial advice on matters relating to loans, investments, securities and savings. Their financial advice not only helps clients to solve financial needs, but also increases their firm’s profits.
The relationship between a banker and a customer depends on the activities; products or services provided by bank to its customers or availed by the customer. Thus the relationship between a banker and customer is the transactional relationship. Bank’s business depends much on the strong bondage with the customer. “Trust” plays an important role in building healthy relationship between a banker and customer.