University:
California State University, Northridge
Course:
ECON 311 | Money, Banking and the Federal Reserve
Academic year:

2024
Views:

445

Pages:

1
Author:

Krishna D.

Difference between Bank and Banking Sl.No. 1 2 Factors Nature Bank Banking Bank is a financial intermediary Banking is the summation of all institution activities of bank. may sole Banking has no Organo gram Organizational Banking be Structure proprietorship, partnership orany other form of organization 3 Functions Bank performs the banking functions Collection of deposits, granting loans etc is the functions of banking. 4 Liability 5 Success 6 7 Relationships Dissolution Banker is liable for the Bank’s activities Success of bank depends on the Bank is liable for the banking activities The success of banking dependson efficiency of the banker the size and for of the bank. Bank makes relationship with the Banking make relationshipwith Customers. bank The dissolution of bank is done by When a bank dissolve then the the local banking law banking activities end. 8 Dependency Bank is dependent on banker Banking is depended on the bank 9 Initiation Banker initiates bank Bank initiates Banking 10 Entity As a financial institution it has a Banking has no separate entity. It is separate entity based on the entity of the bank.