What is a bank?
Institution accepting deposits and lending money.
Why do people save in banks?
Safety + earn interest + easy withdrawals.
. Meaning of banking
Accepting deposits and lending/investing money.
Two assurances banks give
Safety of deposits, withdrawal anytime.
Main income source of banks
Interest on loans + service charges.
Difference between bank & moneylender
Banks accept deposits; moneylenders use own money.
Who regulates banks?
Reserve Bank of India (RBI).
Role of banking in economy
Funds for business, boosts savings, supports development.
Types of banks in India
Central Bank, Commercial Banks, Co-operative Banks, Development Banks, Specialized Banks.
Functions of RBI
Controls banking system, issues currency, manages govt accounts.
Central Bank of India
RBI.
. Meaning of commercial banks
Banks that accept deposits & give loans.
Examples of public-sector banks
SBI, PNB, BOB, Canara Bank.
Private sector bank meaning
Owned by private individuals.
Examples of private banks
ICICI, HDFC, J&K Bank.
Foreign banks meaning
Headquartered abroad; branches in India.
Examples of foreign banks
HSBC, Citibank, Standard Chartered.
Development banks meaning
Give medium/long-term loans to industries.
Example of development banks
IFCI, SFCs.
Cooperative bank meaning
Bank owned by members of cooperative society.
EXIM Bank’s role
Helps exporters & importers.
Cooperative bank levels
Primary → District → State-level.
SIDBI’s role
Helps small industries.
NABARD’s role
Finances agriculture & rural development.
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CHAPTER 8 — POSTAL & COURIER SERVICES20
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CHAPTER 9 — BANKING SERVICES27
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CHAPTER 10 — INSURANCE SERVICES36
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CHAPTER 11 — OUTSOURCING13
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CHAPTER 12 — PURCHASE & SALE26
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CHAPTER 13 — CHANNELS OF DISTRIBUTION20
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CHAPTER 14 — RETAIL TRAD18
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CHAPTER 15 — ADVERTISING14
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Chapter 16 SALES PROMOTIONS & PERSONAL SELLING9
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Chapter 17 RIGHTS AND RESPONSIBILITIES OF CONSUMERS18
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Chapter 18 CONSUMER PROTECTION0
