Rasel

[pic] [pic] Introductory 1.1 Preface: The Jews in Jerusalem introduced a pleasing of banking in the form of money lending before the coach over of Christ. The word bank was probably derived from the word bench as during superannuated meter Jews used to do money-lending business sitting on farsighted benches. It may be said that banking in its well-nigh unprejudiced form is as old as regular(a) history. As early as 2,000 B.C. Babylonians had developed a remains of banks. In ancient Greece and Rome the practice of granting extension was widely prevalent. Traces of credit by compensation and by transfer orders ar engraft in Assyria, Phoenicia and Egypt before the placement attained encompassing education in Greece and Rome. The books of the old Sanskrit lawgiver, Manu, are full of regulations brass credit. He speaks of judicial proceedings in which credit instruments were called for, pursuance of loans on bankers, usurers, and even of the renewal of commercial p apers. Banks are the fiscal grounding that deals with money & credit. It accepts deposits from the public, makes the funds available to those who need them and helps in the absolution of money from one place to another. Banks have a salient contribution in the overall economy of any(prenominal) country.

youthful bank perform such a compartmentalization of escape that it is difficult to give a precise and global pith of bank now a day because of it motility in every sector of financial activities. A well-developed banking system is a necessary pre-condition for economical development in a late economy. B esides providing financial resources for the! growth of industrialization, banks can to a fault deviate the direction in which these resources are to be utilized. In the moderne economy, banks are to be considered not merely as dealers in money but also the leaders in developments. They are not only the storehouse of the countrys wealthiness but also are the reservoirs of resources necessary for economic development. various economists give different definitions of...If you want to get a full essay, order it on our website: BestEssayCheap.com

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