Bank, definition and Meaning:
Finance acts in a business like life blood,and the Banking Sector plays the role of backbone of modern business,and the development of any country depends upon the proper utilization and maintenance of finance,so for that Banking system plays an important role.
The term "BANK" is derived form a French word Banque or from Italian word Banca , these both words have same meaning a Bench or money exchange Table.
"A Bank is a financial institution or organization where people and business man can deposit/invest or borrow,change it to foreign money or building where these services are offered.
Finance acts in a business like life blood,and the Banking Sector plays the role of backbone of modern business,and the development of any country depends upon the proper utilization and maintenance of finance,so for that Banking system plays an important role.
The term "BANK" is derived form a French word Banque or from Italian word Banca , these both words have same meaning a Bench or money exchange Table.
"A Bank is a financial institution or organization where people and business man can deposit/invest or borrow,change it to foreign money or building where these services are offered.
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