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banking industry
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A bank is an institution that deals with money and credit. Different people understand the meaning of a bank in different ways. For a common man bank means a storehouse where money is stored; for a businessman it is a financial institution and for a day-to-day customer it is an institution where he can deposit his savings. In reality banks are service organization selling banking services.
Banks play an important role in the economy of any country as they hold the savings of the public. Provide means of payment for goods and services and provide necessary finance for the development of business and trade.
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by
shilpa
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on
8/2/2010 5:10:12 AM
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