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What is Banking system why we involve in it.
The basis of banking system is to receive money from depositors and lend it to borrowers.Bank earns profit on lending and a portion of deposits distributes to depositors.
Banks provide lot of services like, opening of LCs, ATM services, issuance of cheques, accepts deposits. utility bills, collect fee and other charges on behalf of their clients and much more.
All banks governs under the Policy Guidelines with Central Bank of country.
