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| Banking in Nepal |
Saturday, May 19, 2018
Meaning of Bank
Bank
Bank is an institution which deals in money, receiving it on deposit from customers, honoring customers’ drawings against such deposit on demand. In present scenario various types of banks are established for different purposes like industrial bank, development bank, agricultural bank, commercial bank, joint stock bank, cooperative bank etc. modern banking are more advance than the old banking. In other words, bank is the financial institution licensed to receive deposits and make loans, it may also provide financial services like fund management, currency exchange, locker facility, digital banking services.
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