Banking Inspection And Examination – Aid To Effective Banking Management

Banking Inspection And Examination – Aid To Effective Banking Management

Banking Inspection And Examination – Aid To Effective Banking Management

The banking act of 1969 defined banking business as the business of receiving monies from outside resources as deposits, irrespective of the payment of interest and the granting of money loans and cheques, or the purchase and sales of securities for accounts of others or the incurring of the obligation to acquire claims in respect of loans prior to their maturity or the assumption of guarantees and other warranties for others. [Read more…]