• SIDDAMURTHY B

Banking is defined as business activity of accepting and safeguarding money of individuals and entities and then lending out this money for making profits or simply covering operational expenses. Banking is a process of accepting deposits from individual general public, businessmen, industrialists and other organizations, lending loans to the needy, providing safe deposit locker facilities, currency exchange and making bill payments. A bank is a Financial Institution permitted to receive deposits and make loans. A bank is a Financial Institution where customers can save or borrow money. Bank may also provide financial services such as wealth management, currency exchange and safe deposit boxes. It receives money, gives loans, provides safe locker facilities and render other financial services to its customers. Banks receive payments due to its customers.

Banking, Banks, Transactions, Customers, E-Banking, Money, Interest, RBI

"IMPORTANCE OF PRESENT BANKS AND BANKING SYSTEM IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 10, page no.f506-f513, October-2021, Available :http://www.jetir.org/papers/JETIR2110569.pdf

"IMPORTANCE OF PRESENT BANKS AND BANKING SYSTEM IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 10, page no. ppf506-f513, October-2021, Available at : http://www.jetir.org/papers/JETIR2110569.pdf