answersLogoWhite

0

What does a bank do?

Updated: 9/14/2023
User Avatar

Wiki User

14y ago

Best Answer

In basic terms a Bank accepts money for deposit - paying interest for the use of people or companies money - protecting it and then turns around and lends that money out charging a fee and/or interest for the use of loaned money.

Today banks facilitate transactions, such as direct deposit or purchases through electronic means.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does a bank do?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Which those banks are fully 100 percent government bank?

There are many banks in India that are owned by the Government 1005. They are: Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India and Vijaya Bank


Is wachovia bank the leading bank in America in bank lending?

Wachovia bank is a large bank in the United States. However, Wachovia bank is the not the leading bank in America in bank lending. Bank of America is the leading bank in lending.


What is the number of bank in Bangladesh?

The numbers are as follows:Foreign banks - 9Private Banks - 33Government Banks - 5Their names are:Government Banks:Rajshahi Krishi Unnoyan BankBangladesh Krishi BankBDBLBASIC BANK Ltd.NRB Bank Ltd.Private Banks:Agrani Bank LimitedKrishi BankBRAC Bank LimitedEastern Bank LimitedDutch Bangla Bank LimitedDhaka Bank LimitedIslami Bank Bangladesh LtdPubali Bank LimitedUttara Bank LimitedIFIC Bank LimitedNational Bank LimitedThe City Bank LimitedUnited Commercial Bank LimitedNCC Bank LimitedPrime Bank LimitedSouthEast Bank LimitedAl-Arafah Islami Bank LimitedSocial Islami Bank LimitedStandard Bank LimitedOne Bank LimitedExim Bank LimitedMercantile Bank LimitedBangladesh Commerce Bank LimitedMutual Trust Bank LimitedFirst Security Islami Bank LimitedThe Premier Bank LimitedBank Asia LimitedTrust Bank LimitedShahjalal Islami Bank LimitedJamuna Bank LimitedICB Islami BankAB Bank LimitedBASIC Bank Limited (Bangladesh Small Industries and Commerce Bank Limited)Foreign Banks:CitibankHSBCStandard Chartered BankCommercial Bank of CeylonState Bank of IndiaHabib BankNational Bank of PakistanWoori BankBank Alfalah


Is sbi bank public sector bank?

Yes. State Bank of India (SBI) is a public sector bank. It is also the largest bank in India that provides banking services to the citizens of India.State Bank of India Group has 8 banks. They are:State Bank of India (Parent Bank)State bank of Bikaner & JaipurState bank of HyderabadState bank of MysoreState bank of IndoreState bank of PatialaState bank of Travancore andState bank of Saurashtra


She works in a bank or at a bank?

she works at a bank.

Related questions

Which 19 bank in ibps?

19 banks for IBPS Exam are mentioned below : Allahabad bank Andra bank bank of India bank of Baroda bank of Maharashtra Canra bank central bank corporation bank Dena bank Indian bank Indain oversees bank oriental bank of commerce Punjab national bank Punjab &sind bank UCO bank Unoin bank Unitet bank Vijya bank


How many government banks in India?

There are many government banks in India. They are: Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India and Vijaya Bank


Which those banks are fully 100 percent government bank?

There are many banks in India that are owned by the Government 1005. They are: Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India and Vijaya Bank


How many development banks are there in Nepal?

Nepal Industrial Development CorporationUddyam Development Bank LimitedMalika Development Bank LimitedSiddhartha Development Bank LimitedUnited Development Bank LimitedManakamana Development Bank LimitedNarayani Development Bank LimitedPashimanchal Development Bank LimitedSahayogi Bikas Bank LimitedPashupati Development Bank LimitedKarnali Bikash Bank LimitedTriveni Development Bank LimitedAnnapurna Development Bank LimitedBhrikuti Bikas Bank LimitedShubhechchha Bikas Bank LimitedBageshowri Development Bank LimitedGaurishankar Development Bank LimitedGorkha Bikas Bank LimitedGandaki Bikas Bank LimitedInfrastructure Development Bank LimitedBusiness Development Bank LimitedBiratlaxmi Bikas Bank LimitedExcel Development Bank LimitedWestern Development Bank LimitedH. & B. Development Bank Limited**Arniko Development Bank LimitedNDEP Development Bank LimitedClean Energy Development Bank LimitedMiteri Development Bank LimitedTinau Bikas Bank LimitedRising Development Bank LimitedMuktinath Bikas Bank LimitedSewa Bikas Bank LimitedKankai Bikas Bank LimitedPublic Development Bank LimitedAce Development Bank LimitedMahakali Bikas Bank LimitedSangrila Bikas Bank LimitedBhargab Bikas Bank LimitedVibor Bikas Bank LimitedResunga Bikas Bank LimitedRara Bikas Bank LimitedDiyalo Bikas Bank LimitedCountry Development Bank LimitedKasthamandap Development Bank LimitedAlpine Development Bank LimitedNilgiri Bikas Bank LimitedCorporate Development Bank LimitedKamana Bikas Bank LimitedCity Development Bank LimitedGarima Bikas Bank LimitedBiswo Bikas Bank LimitedPathibhara Bikas Bank LimitedProfessional Bikas Bank LimitedKabeli Bikas Bank LimitedPurnima Bikas Bank LimitedJyoti Development Bank LimitedShine Development Bank LimitedBagmati Development Bank LimitedHamro Bikas Bank LimitedKakre Bihar Bikas Bank LimitedPacific Development Bank LimitedCivic Development Bank LimitedInternational Development Bank LimitedKanchan Development Bank LimitedGulmi Bikas Bank LimitedBright Development Bank LimitedMatribhumi Bikas Bank LimitedInnovative Development Bank LimitedJhimruk Bikas Bank LimitedMetro Development Bank LimitedRaptibheri Bikas Bank LimitedGaumukhi Bikas Bank LimitedNepal Consumer Development Bank LtdKhandbari Development Bank LimitedTourism Development Bank LimitedMission Development Bank LimitedSurya Development Bank LimitedMount Makalu Development Bank LimitedSindhu Bikas Bank LimitedSocial Development Bank LimitedSahara Development Bank LimitedNepal Community Development Bank LimitedCosmos Development Bank LimitedManasalu Development Bank LimitedSamabriddhi Development Bank Limited


What are the nationalized bank in India?

Allahabad Bank Bank of Baroda State Bank of India State Bank of Hyderabad ICICI Bank Axis Bank Andhra Bank


Is wachovia bank the leading bank in America in bank lending?

Wachovia bank is a large bank in the United States. However, Wachovia bank is the not the leading bank in America in bank lending. Bank of America is the leading bank in lending.


What banks have merged with Fifth Third Bank?

Bank of England, Bank of Scotland, Bank of Finland, Bank of GreenLand, Bank of Holand, Bank of Poland all merged with Wall Street Bank.Bank of Russia, , Bank of China, Bank of Africa, Bank of Canada, Bank of Srilanka, Bank of Rome all merged with Bank of Loss.


How many public sector bank in india?

There are many public sector banks in India. They are: Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India and Vijaya Bank


Which are the Sister bank of State Bank of India?

State Bank of Bikaner & JaipurState Bank of HyderabadState Bank of MysoreState Bank of PatialaState Bank of Travancore


What is the number of bank in Bangladesh?

The numbers are as follows:Foreign banks - 9Private Banks - 33Government Banks - 5Their names are:Government Banks:Rajshahi Krishi Unnoyan BankBangladesh Krishi BankBDBLBASIC BANK Ltd.NRB Bank Ltd.Private Banks:Agrani Bank LimitedKrishi BankBRAC Bank LimitedEastern Bank LimitedDutch Bangla Bank LimitedDhaka Bank LimitedIslami Bank Bangladesh LtdPubali Bank LimitedUttara Bank LimitedIFIC Bank LimitedNational Bank LimitedThe City Bank LimitedUnited Commercial Bank LimitedNCC Bank LimitedPrime Bank LimitedSouthEast Bank LimitedAl-Arafah Islami Bank LimitedSocial Islami Bank LimitedStandard Bank LimitedOne Bank LimitedExim Bank LimitedMercantile Bank LimitedBangladesh Commerce Bank LimitedMutual Trust Bank LimitedFirst Security Islami Bank LimitedThe Premier Bank LimitedBank Asia LimitedTrust Bank LimitedShahjalal Islami Bank LimitedJamuna Bank LimitedICB Islami BankAB Bank LimitedBASIC Bank Limited (Bangladesh Small Industries and Commerce Bank Limited)Foreign Banks:CitibankHSBCStandard Chartered BankCommercial Bank of CeylonState Bank of IndiaHabib BankNational Bank of PakistanWoori BankBank Alfalah


Micr code for icici bank pune shivajinagar?

ICICI BANK - BUND GARDEN, CAMP (BGR) - 411229002ICICI BANK - SHIVAJINAGAR (SNR) - 411229003ICICI BANK - AUNDH (AND) - 411229004ICICI BANK - KONDHWA (KON) - 411229005ICICI BANK - Bhandarkar Road/Deccan Gymkhan - 411229006ICICI BANK - CAMP - 411229007ICICI BANK - CHINCHWAD - 411229008ICICI BANK - KOTHRUD - 411229009ICICI BANK - SATARA ROAD - 411229010ICICI BANK - MODEL COLONY - 411229011ICICI BANK - CHAKAN BRANCH - 411229012ICICI BANK - TALEGAON DABHADE (TAL) (Sangli Bank) - 411229013ICICI BANK - KOTHRUD (Sangli Bank) - 411229014ICICI BANK - SANGLI BANK AUNDH (Sangli Bank) - 411229015ICICI BANK - Service Branch Phadke Haud Chowk,Raviwar Peth (Sangli Bank) - 411229016ICICI BANK - RAWIWAR PETH (RWP) (Sangli Bank) - 411229017ICICI BANK - LAXMI ROAD (LXM) (Sangli Bank) - 411229018ICICI BANK - SADASHIV (SSP) (Sangli Bank) - 411229019ICICI BANK - DECCAN GYMKHANA (DCG) (Sangli Bank ) - 411229020ICICI BANK - ERANDAWANA (EDV) (Sangli Bank ) - 411229021ICICI BANK - SHIVAJI NAGAR (SJN) (Sangli Bank) - 411229022ICICI BANK - BAJIRAO ROAD (BJR) (Sangli Bank) - 411229023ICICI BANK - SWARGATE (SRG) (Sangli Bank) - 411229024ICICI BANK - CAMP (CMP) (Sangli Bank) - 411229025ICICI BANK - M.I.T. (MIT) (Sangli Bank) - 411229026ICICI BANK - PIMPRI CHONCHWAD (PPC) (Sangli Bank) - 411229027ICICI BANK - HINJWADI PHASE-I - 411229028ICICI BANK - HINJWADI PHASE-II - 411229029


Which are the top ten banks in India for 2008-2009?

# Sate Bank of India. # ICICI bank. # Hdfc Bank. # kotak Mahindra Bank. # Axis Bank. # Panjab National Bank. # Bank of India. # Canara Bank. # IDBI Bank. # Bank of Borada.