The Model Of The Banking System And Importance Of Financial Services
Banking and financial services are very important for any country. The banks provide the credits to the people. People can deposit their money or they can borrow the money from the bank. The banking services can be of many types and they can provide the various services like credit, debit, loan and other financial services. The banks have several types and they provide the financial services according to their type and capacity. The banks can be of the following types:Reserve bank: reserve bank is the central banking service of India. This is the supreme monetary authority of India. Reserve bank holds on the financial condition of India. All the currency of country comes under the reserve bank of India. In common words, the reserve bank are the base of country’s commerce and fina...