BANK MANAGEMENT ASSIGNMENT GHEA WOWOR 120613123
10 Definition of Bank: 1. Accord According ing to The Bankin Banking g Compan Companies ies Act Act of India, India, “A bank bank is a financ financial ial institu institutio tion n which which accepts money from the public for the purpose of lending or inestment repayable on demand or otherwise otherwise with drawable drawable by che!ues, che!ues, drafts, drafts, or other other or otherwise otherwise". ". #Commercial #Commercial Banking, Banking, page1$ http%&&www.newagepubl http%&&www .newagepublishers.c ishers.c om&samplechapter&' om&samplechapter&''1()(.pdf '1()(.pdf *. According According to +al +alter ter eaf, “A bank bank is a person or corporat corporation ion which which holds itself itself out to receie receie from the public, deposits payable on demand by che!ue". #Commercial Banking, page 1$ http%&&www.newagepubl http%&&www .newagepublishers.c ishers.c om&samplechapter&' om&samplechapter&''1()(.pdf '1()(.pdf ). -lace -lace of supply supply of capital capital,, of those those who cannot cannot use use profitab profitably ly to those those who can make it more productiely for the the benefit of the community. community. /0.B..A2uha http%&&www.pengertianp http%&&www .pengertianpakar.com akar.com&*'13&'4&pengert &*'13&'4&pengertian5bank5menurut5para5p ian5bank5menurut5para5pakar.h akar.html6 tml6 3. According According to -earson -earson argues argues /efinit /efinition ion bank is a busines businesss entity that that accepts accepts credit credit but do not gie credit. In this case according to -earson Bank in operation only passie, only receiing the deposit money. http%&&www.pengertianp http%&&www .pengertianpakar.com akar.com&*'13&'4&pengert &*'13&'4&pengertian5bank5menurut5para5p ian5bank5menurut5para5pakar.h akar.html6 tml6 7. 8nders 8nderstan tandin ding g Bank Bank accord according ing to -rof. -rof. 9.:. 9.:. ;erryn rryn . According According to Articl Articlee 3 of ?C /irectie /irectie *''(&3@, *''(&3@, a “credit instit institutio ution" n" that “A bank is an undertaking whose business is to receie deposits or other repayable funds from the public and to grant credits for its own account". http%&&2onesday.com @. According According to /0<. /0<. T. 9IA0< 9IA0<, , <, Bank is financial financial instit institutio ution n whose main main business business is to raise raise funds, proide credit and other serices in payment traffic and circulation of money. http%&&bela2arperbankangratis.blog http%&&bela2arp erbankangratis.blogspot.com&*'1*&'3 spot.com&*'1*&'3&pengertian5bank5m &pengertian5bank5menurut5beberapa5ahli enurut5beberapa5ahli.html .html 4. According According to A. A. Abdurahm Abdurahman, an, bank is a financial financial institu institution tion that that is carrying carrying out a wide ranbge ranbge of serices, such as proiding loans, circulating currency, superision of currency, acts as a storage aluable ob2ects, to finance the efforts of the company. http%&&elib.unikom.ac.id&files&disk1&)*1& 1'. According to orace +hite, “Bank is a manufacture manufacture of credit and a machine for facilitating facilitating eDchange". #Commercial Banking, page 1$ http%&&www.newagepubl http%&&www .newagepublishers.c ishers.c om&samplechapter&' om&samplechapter&''1()(.pdf '1()(.pdf
