Project Report for Mba Banking and Finance

Retail means sale of goods in sm every last(predicate) quantities, it is concern with buying of goods in small quantities from the wholesaler and selling them in small quantities to the ultimate consumers as per their requirements. The person engaged in this trade is called the retailer. He acts as a tie-up between the wholesaler and the customers. In retail trade goods are sold to the ultimate consumers for personal use and for the use of the championship in small quantities only. The retailer does not specialize in a particular proposition line or a particular product. Rather he maintains a large variety of goods. Generally, gross revenue are limited to a local and on a small scale. MEANING OF BANKING Banking has come to occupy a diametric position in a nations economy. tally to the modern concept, banking is a business which not only deals with borrowings, modify and remittance of funds, but also an important instrument for upbringing economic growth. The Banking Regulation Act 1949, defines the term banking as the accept for the purpose of lending or investment of deposits of money from the universal or otherwise and withdraw able by cheque, draft, tack or otherwise. Thus, the essentials of banking are: (1) There should be acceptance of deposited. (2) Deposits should be from the public.

(3) Deposits should be repayable on demand or resultant of a term or after a undertake periods. (4) The purpose of deposits should be lending or investment. Bank is an insane asylum which deals in money and credit. It buys money from depositors and sell to the borrowers. It is body of persons whether integrated or not who carry on the business of banking. A bank may defined as a potful or person which collects deposits from the public, repayable on demand and which supplies and facilitates all kinds of exchanges. RETAIL BANKING Retail banking means mobilizing deposit form individuals and providing lend facilities to them in the form of home loans, auto loans,... If you want to master a full essay, order it on our website: Ordercustompaper.com

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