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What is Bank ?
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Answer / pradeep gunuguntla
Bank is a financial institution. which is licensed to accept
deposits from the general public and which also provides loans.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / murugesh
A Bank means lending money to the public & accepting
deposits form the public.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / prasad rane
I think BANK stands for: B: Borrowing A: Accepting N:
Negotiating K: Keeping
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / thimmappa poojari
Banks are authrised ( by Reserve banks/govt) Financial
institutions which accepts deposits from general public,
firms, companies etc & channels those money into lending
activities under specified guidelines so helps the smooth
functioning of all financial transactions of individual /
business/any concerned / economy as a whole.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mayur chavare
Bank is Finacial Inestitutions which follws RBI Bak Rule
and pravides the loan
| Is This Answer Correct ? | 0 Yes | 0 No |
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