What is banking and what is the role of banking in an economy? An organisation which accepts deposits from public repayable on demand or otherwise for the purpose of lending and investment. The banking services these days include issuance of debit and credit cards, providing safe custody of valuable items, lockers, ATM services and online transfer of funds across the country / world. It is well said that banking plays a silent, yet crucial part in our day-to-day lives. The banks perform financial inter mediation by pooling savings and channelizing them into investments through maturity and risk transformations, thereby keeping the economy’s growth engine revving. Banking business has done wonders for the world economy. The simple looking method of accepting money deposits from savers and then lending the same money to borrowers, banking activity encourages the flow of money to productive use and investments. This in turn allows the economy to grow. In the absence of banking business, savings would sit idle in our homes, the entrepreneurs would not be in a position to raise the money, ordinary people dreaming for a new car or house would not be able to purchase cars or houses. What is a bank ? Define a Bank ? An organisation which accepts deposits from public repayable on demand or otherwise for the purpose of lending and investment. What is a Banking Company ? Any company, which transacts the business of banking defined above is termed as Banking company and in INDIA these are regulated by BANKING REGULATION ACT AND RBI ACT. GUIDANCE SESSIONS Do you want to prepare for IBPS RRB PO/ SBI Clerk/ IBPS PO interviews?Mr Anil Aggarwal (a banking expert and interview process expert) is also taking guidance sessions. The focus of these sessions are: What type of questions can be raised from you on the basis of your profile? How to attempt your answers during interview? What are the expectations of selection board? How you can present your skills in live interview situation? What to read, what not to read? How to prepare for interview? How to cover ones weaknesses? How to improve confidence level? and so on........ HOW TO BOOK (DELHI / NCR CANDIDATES) You may call at 09811340788 or 011-22242640 (except Sunday) between 11am to 8pm. Candidates can avail face to face sessions or telephonic sessions as per convenience. Advance booking of session is a must. Mr Anil Aggarwal will be available only on the appointed date and time, at the following address. G42, Pankaj central market, Near Plato public school, I.P. Extn, Patparganj, Delhi 110092 Nearest metro station: Preet Vihar HOW TO BOOK (OTHER CANDIDATES) You may call at 09811340788 or 011-22242640 (except Sunday) between 11am to 8pm. Candidates can avail facility of telephonic sessions. These sessions are equally effective. Last year around 92% candidates out of total candidates availed telephonic guidance facility. PAST TRACK RECORD 81.8% enrolled candidates cleared their interviews with high scores and they are now working with various banks.
Posted on: Wed, 10 Dec 2014 04:58:02 +0000