Here is an essay on ‘Profit Planning in Banks’ especially written for school and banking students. Essay # 1. Profit Planning in Banks: Banks are commercial organisations. They are there to earn profits and provide good returns on the equity. However, they have the role of a financial intermediary. Banks accept deposits and lend monies to industry, trade, agriculture, consumption, [...]
After reading this article you will learn about:- 1. Origin and Development of Bank 2. Meaning and Definition of Bank 3. Classification 4. Functions 5. Advantages or Importance. Origin and Development of Bank: There is no unanimity of opinions about the origin of the word 'Bank'. According to some monetary experts, the word 'Bank' is derived from 'Banco'. 'Bancus', 'Banque' [...]
After reading this article you will learn about the direct and indirect services provided at the branch of a bank. Direct Services Provided at Branch Level: A normal branch provides following services directly: 1) Acceptance of cash, 2) Payment of cash, 3) Issuing Drafts/pay orders, 4) Fixed deposits 5) Operation of Saving Account, Current Account, Over Draft Account, 6) Issue [...]