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What is the core business of a banking company?
What is the core business of a banking company?
The core business of a banking company is accepting deposits and lending to borrowers or investing money in securities to earn returns.
According to Section 5(b) of the Banking Regulation Act, 1949, how is banking defined?
According to Section 5(b) of the Banking Regulation Act, 1949, how is banking defined?
Banking is defined as accepting deposits of money from the public for the purpose of lending or investment, repayable on demand or otherwise and withdrawable by cheque, draft, order, or otherwise.
What is the profit for a banking company?
What is the profit for a banking company?
The profit for a banking company is the difference between interest paid and interest earned.
What are agency services provided by banks?
What are agency services provided by banks?
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What are the other types of activities undertaken by banks?
What are the other types of activities undertaken by banks?
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