Rasel

[pic] [pic] Introductory 1.1 Preface: The Jews in Jerusalem introduced a loving of banking in the form of money lending before the perplex over of Christ. The word bank was probably derived from the word bench as during superannuated meter Jews used to do money-lending business sitting on farsighted benches. It may be said that banking in its near unprejudiced form is as old as honest history. As early as 2,000 B.C. Babylonians had developed a organization of banks. In ancient Greece and Rome the practice of granting extension was astray prevalent. Traces of credit by compensation and by transfer orders ar engraft in Assyria, Phoenicia and Egypt before the body attained blanket(prenominal) education in Greece and Rome. The books of the old Sanskrit lawgiver, Manu, are full of regulations governance credit. He speaks of judicial proceedings in which credit instruments were called for, post of loans on bankers, usurers, and even of the renewal of commercial pape rs. Banks are the monetary grounding that deals with money & credit. It accepts deposits from the public, makes the funds available to those who need them and helps in the absolution of money from one place to another. Banks have a salient contribution in the overall economy of each country. youthful bank perform such a transition of escape that it is difficult to give a precise and superior general pith of bank now a day because of it try in every sector of financial activities. A well-developed banking system is a necessary pre-condition for economic development in a late economy. Besides providing financial resources for the growth of industrialization, banks can also deviate the direction in which these resources are to be utilized. In the moderne economy, banks are to be considered not merely as dealers in money but also the leaders in developments. They are not only the storehouse of the countrys wealthiness but also are the reservoirs of resources necessar y for economic development. various econo! mists give different definitions of...If you want to get a full essay, order it on our website: BestEssayCheap.com

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