Business of banking definition

Business of banking means the business generally done by banks.
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Business of banking means the business of a person who as set out in subarticle (2) accepts deposits of money from the public withdrawable or repayable on demand or after a fixed period or after notice or who borrows or raises money from the public (including the borrowing or raising of money by the issue of debentures or debenture stock or other instruments creating or acknowledging indebtedness), in either case for the purpose of employing such money in whole or in part by lending to others or otherwise investing for the account and at the risk of the person accepting such money;
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Business of banking means engaging in the regular business of soliciting, receiving, or accepting money or its equivalent for deposit, and any other business generally done by banks.
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Examples of Business of banking in a sentence

  • Business of banking" or "business of financial institutions" means soliciting, receiving or accepting of money or its equivalent on deposit and the loaning of money as a regular business by any person.[PL 1975, c.

  • Business of banking as defined in Section 5(b) of the BR Act, includes providing loans inter alia by a banking company, through online mode or otherwise.

  • If concessions were granted to Manila bound buses, provincial buses will conceivably request for a similar adjustment.

  • Business of banking" or "business of financial institutions" means soliciting, receiving or accepting of money or its equivalent on deposit and the loaning of money as a regular business by any person.[ 1975, c.

  • Cooperative Banks Business of banking Companies Section 6(1) and 6(2) r.w. 56(b) 1.

  • Business of banking – Interest from Government securities, fixed deposits, etc.

  • Business of banking – Income from trading in Government securities – Forms part of banking business in view of provisions of s.

  • On behalf of the SRTB staff, I hope you enjoy these as well as all the other articles and continue to find them informative.

  • Business of banking depends on effective monitoring and monitoring depends on MIS.

  • Bank Bjb Tbk Company.Management Performance Business of banking is a framework of business management designed to achieve excellences in the organization with a lift and rise above the competition at all levels and focusing on customers, people, supplier focus and services, financial and exchange markets, productivity, effectiveness and efficiency of the organization, as well as leadership, managemet procesess and supplier partnership focus responsibility (Vincent K.O., and Joel E.


More Definitions of Business of banking

Business of banking means receiving or accepting money on deposit, and may include the performance of related activities that are not exclusive to banks, including paying drafts or checks, lending money or any other activity authorized by applicable law. "Business of banking" shall not include any activity conducted by a student bank.
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Business of banking means engaging in the regular
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Business of banking means the business of a person who accepts deposits of money from the public withdrawable or repayable on demand or after a fixed period or after notice or who borrows or raises money from the public (including by the issue of debt securities), in either case for the purpose of lending such money to others or investing the said sums for its own account and risk. The activity will be caught whether the person does so as principal or as agent and if carried out as a regular feature of his business. The solicitation of deposits is likewise caught.
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Business of banking means the business of receiving deposits of money from the public on current account or deposit account which may be withdrawn on demand, by cheque, draft or order, and generally the undertaking of any business appertaining to the business of commercial banking including the performance of the functions and duties of a trustee, administrator, executor or attorney;
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Business of banking means activities and transactions involving banking, including: (A) receiving deposits, paying checks, and lending money; (B) activities of a bank which are supervised by the Commissioner; and (C) activities incidental, necessary, or convenient to banking.
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Related to Business of banking

  • Mobile Banking means the banking services accessible from the Device you have registered with us for Mobile Banking.

  • Internet Banking means the service we offer by which you can access and transact on a nominated account by using a personal computer and accessing via our website. This includes transactions processed through the mobile banking facility as well as the smartphone app facility.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Business Systems means all Software, computer hardware (whether general or special purpose), electronic data processing, information, record keeping, communications, telecommunications, networks, interfaces, platforms, servers, peripherals, and computer systems, including any outsourced systems and processes, that are owned or used or held for use in the conduct of the Company Business.

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;

  • Financial Services means any service of a financial nature, including (but not limited to) —

  • Ohio Business Gateway means the online computer network system, created under section 125.30 of the Ohio Revised Code, that allows persons to electronically file business reply forms with state agencies and includes any successor electronic filing and payment system.

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Student organization means a group, club or organization having students as its primary members or participants. It includes grade levels, classes, teams, activities or particular school events. A student organization does not have to be an official school organization to come within the terms of this definition.

  • Business organization means an individual, partnership, association, joint stock company, trust, corporation or other legal business entity or successor thereof.

  • Manager-managed limited liability company means a limited liability company that is managed by

  • Asset management is a principle/practice that includes planning processes, approaches, plans, or related documents that support an integrated lifecycle approach to the effective stewardship of infrastructure assets to maximize benefits and effectively manage risk.

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).