Theory of commercial Banking

The Term " BANK " is defined by prof. Sayers as " Banks are institutions whose debt-usually referred to as bank deposits-are commonly accepted in final settlement of other people's debts".
A/c to Banking regulation Act 1949 ,"Banking means the accepting for the purpose of lending or investment of deposits of money from public, repayble on demand or otherwise , and withdrawal by cheque, draft, order or otherwise.'
Functions:
1) Reciving deposits from the public
2) Making loans and advances.
3) Use of cheques systems and plastic cards
4) Transfer of Funds,
5) Other Functions:
Safety Vaults
Acting as a agents

In short Bank performs all the function which brings profits!