Fundamental of Banking by Prin. Dr. Babasaheb Pdf
Download Fundamental of Banking by Prin. Dr. Babasaheb Pdf book free online – from Fundamental of Banking by Prin. Dr. Babasaheb Pdf book; This book covers the following topics: Evolution of Banking, Functions of Bank, Procedure for opening and operating of deposit account, Methods of Remittances, Lending principles, Credit Creation and Balance Sheet of a bank, Negotiable Instruments, Endorsement, Technology in Banking.
Banking is an integral part of the modern economy. But the nature and functions of modern banks have evolved over a long
period of time. The idea of banking evolved with the idea of money. Banking business is mainly linked to lending. Moneylender is to be found in every society-ancient or modern; advanced or backward.
Modern banks also undertake foreign exchange transactions. In the middle ages, banking business was carried by the individuals. Then came partnership and today in all countries banking is carried out by joint stock companies and is regulated by the Government.
A bank is a financial institution which deals with deposits and advances and other related services. It receives money from those who want to save in the form of deposits and it lends money to those who need it. A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank is the connection between customers that have capital deficits and customers with capital surpluses.
The banking business is as old as authentic history. However, the early banking practices were in no way similar to the modern banking practices. There is evidence of the existence of banking in most of the ancient civilisations of the world. As early as 2,000 B.C. Babylonions had developed a system of banks. Although the business of banking is as old as authentic history, banking institutions have since then changed in character and content very much, evolution of banking in Europe means the history of banking in the following European countries.