Bank

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Nepal Rastra Bank.
Today I am going to post about  'Bank'. I don't have to tell about bank so much because you all know about it.Today I am going to tell about the history of bank. The origin of the word,'Bank' was derived from an Italian word 'Banco'. Banks may be defined in terms of the various functions it performs. So it is quite impossible to define bank in just in one word. However, bank can be described as such as follows. ' A bank is an institution which  deals money receiving it on deposit from customers, honoring customers drawing against such deposit on demand, collecting cheques for customers and lending or investing surplus deposit until they are required or repayment.'

  Institutions Development of banking System in Nepal was establishment of Rajarath Add during the Prima Minister Randodip Sing's in 1933 B.S. the modern Banking system has been practice since 1994 B.S. with the establishment of Nepal Bank Limited. It was established under the Nepal Bank Act 1994, in order to control and regulate the banking in Nepal, Nepal Rastra Bank was established as the central Bank of the country on the 14th Baishakh 2013 B.S.



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