Definitions of the Bank

1. REYNOLD  

            "Bank is the factory of credit".

2. DR. H.L. HART

          "A banker is one who is in the ordinary course of his business receives money which he repays by honouring cheques of persons from whom or for whose account he receives it".

3. PROF. CROWTHER 

         "Bank is an institution which gets to lend and in this way creates credit money".

4. KEYNES 

         "A bank is an institution which receives deposits and advance loans.