Principles of Business and Banking

  Banking financial institution, depository institution: Financial institution that accept deposit and channel the money into lending activities is called depository institution. Bank:  Central Bank Commercial Bank Development Bank Finance Company Microfinance Cooperatives Non banking financial institution, Contractual institution  Employee Provident Fund  Citizen investment trust Insurance companies Investment institution Brokers  Investment bank  underwriters

In the historical context of Nepal, the evolution of the banking industry is a relatively recent development. The records of Nepal's banking system provide a detailed account of a mixed economic life during various periods. In the unorganized money market, landlords, shopkeepers, and wealthy merchants served as lenders. In 723 A.D., Gunakam Dev borrowed money to rebuild the Kathmandu Valley, and by the end of the 8th century (780 A.D.), a new era called Nepali Sambat was introduced by Shankadhar, a Sudra merchant of Kantipur, after settling all outstanding debts in the country. In the 14th century, King Jayasthiti Malla of Kantipur introduced "Tanka Dhari," a term marking a significant chapter in the history of banking in Nepal. During the Malla regime in the 11th century, evidence of professional Money Lenders and Indigenous Bankers emerged. The introduction of silver coins in the 12th century marked a new economic epoch, but the absence of regulatory bodies allowed mone...

 Ancient time history document shows that there was some basic operation in practise even in the ancient day During the period of 8th Century Guna Kamdev has borrow money to reconstruct the Kritipur. The Nepal Sambat calendar was established by a trader of Kathmandu named Sankhadhar Sakhwa. The calendar era began on 20 October 879 AD after paying the debt. This means there were the practise of lending money and repaying the loan even in the ancient time Lichhivi Era. The Licchavi Kingdom, a significant period in Nepal’s history, this era marked the advent of the Classical period of Nepal. The Lichhavi coins, the first of their kind to be widely used in the Kathmandu Valley and its surrounding hills, were minted in copper. These coins bore legends in Gupta scripts, indicating a substantial cultural influence from other major kingdoms of the Classical Period. The Lichhavi coins, minted in copper, were the first to be widely used in the Kathmandu Valley and its surrounding hills. Thes...

 A banking is a finance institution which deal with deposit, advance and other related services. it received money from those who want to save it in the form of deposit and it lends money to those who need it. Bank deals with money and its substitution and provide all the financial services. They also generates profit from the fees charged for the service. According to Kent, "Bank is organisation which principal operations are concerned with the accumulation of temporary ideal money of general people for the purpose of advancing to other for expenditure. Banking development; [development of banking] Traditional form of banking traced back during the civilization of Greeks, Rome and Mesopotamia The terms "Bank" Is derived from the Latin word 'Bancus' which refers to the bench on which banker would keep money and record. Some people trace the origin of Italian word 'banks' means the bench. In ancient money lender used to conduct a business on bench. The ear...