Tell me what is banking?

Question

Tell me what is banking?

Answer 1

  BANKING, FINANCE AND INSURANCE

Law firm is regularly involved in advising bank, finance institution, company in various financing transactions, loans, legal due diligence, project financing and recovery. In the area of corporate finance, Law Firm's work covers rights issues, private placements, corporate restructuring, schemes of arrangement and advice on security regulations. This department handles a wide variety of work including:

Acting as legal counsel to banks & finance companies in transactions relating to securitization of loans and the subsequent public offering of the securitized portfolio.

Drafting of security/ loaning documents India

Advising and implementing on the creation of security in favor of the banks.

Corporate Finance and Security issues  

Consortium Lending  

Public Offerings  

Enforcing security in favour of Bank to recover the outstanding amount.

Litigation in India Courts/ Tribunal  

Lease Finance  

Project Financing

Insurance Work  

Commercial Conveyance  

Advising banks on adopting appropriate risk management models.

Drafting user agreements, security, loaning, service agreements, privacy policy statements, and allied documents for our clients

In recent years, especially in the wake of the steps taken to attract foreign investments into the banking sector, this industry has witnessed considerable expansion and growth. The Government of India has provided an added impetus to the banking industry by proposing to set up an Asset Reconstruction Company. With the setting up of such companies, the burden of those banks, which are saddled with Non-performing assets, will ease considerably. Amongst other measures, the Government of India has also permitted offshore banking units to be set up in Special Economic Zones. Structured finance deals whether in the form of domestic or cross-border securitization have gained momentum.

Answer 2

basically borrowing from one set of people and lending to another set of people.This includes current or cheque account (as lenders). Also mortgages (borrowers). It also revolves around short and long money. Some people want money in the future for pensions others wnat short money say for overdraft. Or long borrowed monry for mortgages. It's all about movement of money (or buying and selling money)

Answer 3

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Answer 4

Banking is the primary activity that acts as a payment agent for customers to borrow and lend.

By conducting checking or current accounts for customers, paying checks drawn by customers on the bank, and collecting checks deposited to customers' current accounts.

Answer 5

Banking is collecting money of individual as the purpose of security and providing interest on that amount to the customers.Bank use that money on further interests and use that money on mutual funds earn profit from your money.

Answer 6

Organized crime. They get to hold other peoples money, invest it, collect the profits; and pay little to nothing in return.

Answer 7

Banking is basically taking other people's money, investing it to make huge profits, and then giving back minuscule interests to your customers

Answer 8

Banking is business activity relating to transacting in money, lodgement of cash, lending of fund and as such