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Banking Book

Banking Book

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Publicado por9290010274
Banking Book
Banking Book

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Published by: 9290010274 on Nov 08, 2011
Direitos Autorais:Attribution Non-commercial


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Basically, the business of banking, as it is known today, comprises acceptance of money
on deposit account and payment of cheques. It also includes collection of cheques. It may
rightly be contended that anyone who does not perform these essential services is not a
banker. Whenever a banker is entrusted with the job of collection of cheques, they must be
collected as speedily as possible through the accepted channels. Failure to exercise proper
care and employ the recognised route for collection may make the bank liable for any loss
which the customer may sustain.

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