In a fast changing world, everything is subject to change and the field of banking is no exception. This book, in the light of developmental changes, highlights and explains the concepts of banking and finance, and presents an up-to-date legal discussion of the subject. It is written in simple and easy-to-understand language.
The text is divided into two parts. Part I covers a wide range of topics, such as money, the evolution and systems of banking, classification of banks, commercial and hi-tech banking, deployment of funds, new finance services, banker’s clearing house, central banking, the Indian finance system, the Indian money market, and banking legislation in India. Part II deals with the relationship between bank and customer, bank deposits, banking instruments, bank accounts, and lending.
The book is primarily intended for undergraduate students of commerce. It will also be useful to students of economics, banking professionals, chartered accountants, and all those engaged in a commercial field.Key features:
- Chapters are organised to enable easy understanding of terms, definitions and concepts.
- Includes tables and charts to clearly explain concepts.
- Includes modern technological developments.
- Provides chapter-end questions to test understanding.