A bank account is a financial account maintained by a bank and financial institutions to keep a record of the financial transactions between the bank and the customer. A bank offers different types of bank account centered around serving needs of different consumers. The features of a bank account include convenience, security, direct deposit, online and mobile Banking, and automatic bill…
A bank is a financial institution that accepts deposits from the public while providing lending services to customers. Banks play an important role in the economy as they help store and create money. There are nine major types of banks in India. Every type of bank holds different responsibilities and functions, providing unique services, under…
A bank is a place where people keep their savings, make deposits and withdrawals, and conduct various financial transactions, including obtaining loans. Investopedia defines a bank as a financial institution licensed to accept savings and checking deposits and lend money as loans. The other facilities offered by banks include services such as retirement accounts (IRAs), certificates…
Bank mergers mean two or more banks coming together under a single operation and resources. Generally, a larger bank having better resources combines with a smaller bank to benefit economies of scale through reduced costs. A bank merger reduces the banking operations and other costs and manages NPA (non-performing assets) and their risks in a…