What is the definition of a Bank

What is the definition of a Bank?

What is the definition of a Bank? Definition of Bank Bank is a financial institution or corporation which deals with money and its substitutes; it also provides other financial services. Banks accept deposits and make loans and obtain a profit from the difference in the interest paid to lenders (depositors) […]

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SWIFT

SWIFT History

SWIFT History SWIFT is the acronym of Society for Worldwide Interbank Financial Telecommunication (SWIFT)  SWIFT History * Increase in International trade and commerce after World War-II * Efficient Banking System for payment mechanism with Security, Reliability and Confidentiality was needed. * Computer and Telecommunication technology came to rescue. * SWIFT […]

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