Bank

A bank is an organization, the major function of which is to deal in money and credit. It is the financial institution. The main business of a bank is to pool the idle deposits in the public and the channel it for the productive use. It collects deposits and invests to those who stand in need of money. Behind this bank has contributed to achieve industrial and commercial progress of the country. Bank is categories by its function. Central bank, Commercial bank, Development bank, Cooperative bank, Agriculture Development bank, Merchant bank, Exchange bank, Rural bank, Land Development bank, Finance company and Saving bank are the types of the bank. Among them central bank is the bank if all banks. It is the supreme body, which controls and stabilizes the economy of the country through its direct and indirect monetary policy.