Gerald Klein of University of London explains “bank” as “a body, corporate or not, that has been recognized by Bank of England under the Banking Act, 1987, to accept deposits as defined by that Act. In UK there is no statutory definition of a “bank or “banker”. Banks are called “financial intermediaries” because they invest or lend funds of depositors who themselves are unable to lend their funds, due to risk and other factors involved in direct lending. Banks assume the credit risk involved in direct lending to those who needs funds. They have expertise and abilities to manage such risks.
Course Content
Course Modules
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Introduction to Banking
06:57 -
02:21
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Banking Regulation
03:01 -
Bank Customer Relationship
08:50 -
Types of Customers and Their Accounts
01:31 -
Deposit Accounts
04:01 -
Negotiable Instruments and Related Matters
03:19 -
Loans and Advances
03:21 -
Fee Based Banking Services
01:48 -
Electronic Banking
03:05 -
Marketing of Bank Products
01:59 -
Know Your Customer (KYC)
05:34
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