{"title":"Functions of Banks in India","authors":"Y. Kolekar","doi":"10.2139/SSRN.2870557","DOIUrl":null,"url":null,"abstract":"Acceptance of deposits and maintenance of accounts is the chief function of banks. The banks are free to devise deposit product within the guidelines framed by the Reserve Bank of India. The banks are also bound to follow the instructions on customer service issued by RBI from time to time. There are various types of deposit products offered by banks that are almost similar in nature however with different assigned names.","PeriodicalId":440695,"journal":{"name":"Corporate Governance: Actors & Players eJournal","volume":"75 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2016-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Corporate Governance: Actors & Players eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/SSRN.2870557","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
Acceptance of deposits and maintenance of accounts is the chief function of banks. The banks are free to devise deposit product within the guidelines framed by the Reserve Bank of India. The banks are also bound to follow the instructions on customer service issued by RBI from time to time. There are various types of deposit products offered by banks that are almost similar in nature however with different assigned names.
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