In the US, a bank is defined as a financial institutions which offers both deposit accounts and loans.
The largest bank in terms of asset base is Bank of Ceylon. But in terms of customer service centres is People's Bank
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If consider the functionality or the roles in banking industry, only to very limited extend, there is nothing wrong to consider the Reserve Bank of India as Central Bank or Apex Bank with a connotation as Bankers' Bank. But, in these days, Reserve Bank of India is much more than these two terms.
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Affin Bank offers armed forces loans and corporate finance loans. Affin Bank is the smallest bank from Malaysia, in terms of the funds invested and on the annual revenue of the bank.
What does ICICI stand for in terms of ICICI bank? It stands for Industrial Credit and Investment Corporation of India
If consider the functionality or the roles in banking industry, only to very limited extend, there is nothing wrong to consider the Reserve Bank of India as Central Bank or Apex Bank with a connotation as Bankers' Bank. But, in these days, Reserve Bank of India is much more than these two terms.
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The powers of x in the two terms are different.The powers of x in the two terms are different.The powers of x in the two terms are different.The powers of x in the two terms are different.
In banking terms, withdrawal means the removal of money from a bank account. So the opposite is deposit, the adding of money to a bank account
There are many things which are important to review when opening a bank account.