what mean of operations work in functions of private bank.?



please tell about operations, clearance etc for banking job in a private bank.

thanks.

what mean of operations work in functions of private bank.?
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One Reply to “what mean of operations work in functions of private bank.?”

  1. Banking in public sector bank & pvt,sector bank is basically same.Raw material
    of bank is mobolisation of funds through various schemes at different rate of interest.
    :Lending of this money at higher rate of interes for various purposes & thereby
    earning profit.Banks are also extending various services for smooth functioning
    & also charging service charges & earn as non-interest income.Carrying out these
    activities is a operation part of the bank.This includes deposit & withdarawal of
    cash as well.Clearing operations are conducted by one Bank may be RBI,SBI
    & any designated bank in the city to clear all cheques/drafts/negotiable instruments
    of different banks on the same day.Banks are undertaking lot of social responsibilties
    on behalf of govt.transactios/schemes to help public at large.





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