Bank on it
- POSTED ON: 20 Jun, 2020
- TOTAL VIEWS: 736 Views
- POSTED BY: Bhavya Venkatesh
- ARTICLE POINTS: 150 Points
Have you been inside a bank? They’re busy places, aren’t they? There’s a lot of hustle and bustle, as people perform important tasks.
Banks are institutions where people can keep their money safe. They give and take money from customers. A bank’s customers include individuals, businesses and even the government.
Banks are important to the economy as they help money flow. They keep people’s savings safe, and at the same time they use that money to help people buy things such as houses and cars, and start businesses.
Banks in India
The Reserve Bank of India (RBI) is the highest banking regulatory authority in India. This means that It controls and monitors the banking and finance system of the country and is generally responsible for how money goes around. Below the RBI come various categories of banks.
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