Monday 4 July 2011

Banker, Banking & Banking Company

“A banker is a dealer in capital, or more properly, a dealer in money. He is an intermediate party between the borrower & the lender. He borrows of one party and lends to another”
Banker means a person transacting the business of accepting the purpose of lending or investment, of deposit of money from the public, repayable on demand or otherwise and withdraw able by cheque, draft, order or otherwise, and includes any Post office saving Bank.”
 Banking:
Means the accepting for the purpose of lending or investment,of deposit of money from the public, repayable on demand or otherwise, and withdraw able by cheque, draft, order or otherwise; 

Banking Company:
Any company which transact the business of Banking.

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