Banking Project
TITLE
(Make it. Yes, you.)
Contents
( Can do by yourself)
Acknowledgements
[Agraj (He did all the work)
Just kidding, ask bala for who he asked and we’ll put in some random stuff later]
What is a bank?
The term bank is derived from the French word Banco which means a Bench or Money exchange table.
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.
Why are banks important?
Banks are large and complex organizations. Their clients range from individuals and institutions, all the way up to the governments and central banks of entire countries.
The work they do simply involves money – their money, their clients' money: borrowing it, lending it, and many other related activities. It's an important undertaking. The movement of capital handled by banks allows economies to grow and prosper. Businesses and governments cannot be completely self-sufficient. They need money to operate, and banks act as intermediaries (like ‘middlemen') between the suppliers of funds and users of funds.
What are the different types of banks?
Banks' activities can be divided into: * Retail banking - Dealing directly with individuals and small businesses; * Business banking - Providing services to mid-market business; * Corporate banking - Directed at large business entities; * Private banking - Providing wealth management services to high net worth individuals and families; * Investment banking - relating to activities on the financial markets. Most banks are profit-making, private enterprises. However, some are owned by government, or are non-profit organizations.
Banks come with a variety of names, and one bank can function as several different types of banks. Some of the most common types of banks are: * Retail banks * Commercial banks * Investment banks * Central
(Make it. Yes, you.)
Contents
( Can do by yourself)
Acknowledgements
[Agraj (He did all the work)
Just kidding, ask bala for who he asked and we’ll put in some random stuff later]
What is a bank?
The term bank is derived from the French word Banco which means a Bench or Money exchange table.
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.
Why are banks important?
Banks are large and complex organizations. Their clients range from individuals and institutions, all the way up to the governments and central banks of entire countries.
The work they do simply involves money – their money, their clients' money: borrowing it, lending it, and many other related activities. It's an important undertaking. The movement of capital handled by banks allows economies to grow and prosper. Businesses and governments cannot be completely self-sufficient. They need money to operate, and banks act as intermediaries (like ‘middlemen') between the suppliers of funds and users of funds.
What are the different types of banks?
Banks' activities can be divided into: * Retail banking - Dealing directly with individuals and small businesses; * Business banking - Providing services to mid-market business; * Corporate banking - Directed at large business entities; * Private banking - Providing wealth management services to high net worth individuals and families; * Investment banking - relating to activities on the financial markets. Most banks are profit-making, private enterprises. However, some are owned by government, or are non-profit organizations.
Banks come with a variety of names, and one bank can function as several different types of banks. Some of the most common types of banks are: * Retail banks * Commercial banks * Investment banks * Central