摘要：From times immemorial, the banker has been an indispensable pillar of Economic Society all over the world. He may have been missing in the good old days when self-sufficiency was the law of land and there was no existence of money economy. The introduction of division of labour however brought in its wake the use of money without which there was a peculiar complexity and trouble in matter of exchange. Money Economy in turn , could not do without the institution of banking for any considerable time. In the Indian context, business of banking is largely governed by Banking Regulation Act, 1949 and some other statutes like Reserve bank of India Act, Companies Act, etc. These statutes also provide for accounting aspects of a banking company so an attempt to cover all such provisions to some possible extent has also been made.
关键词：banking companies;economic society ;money economy ;commercial institution
