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Abstract
The development of banking is evolutionary in nature. There is no single answer to the question of what is banking because, a bank performs a multitude of function and services which cannot be comprehended into a single definition for a common man, a bank means a store house of money, for a businessman it is an institution of finance and for a worker it may be a depository for his savings. It may explain in brief as "banking is what a bank does". But it is no clear enough to understand the subject in full. The oxford dictionary defines a bank as "an establishment for the custody of money which it pays out on a customer's order”. But this definition is also not enough, because it considers the deposit accepting and repayment function only. The meaning of the bank can be understood only by its function as a free is known by its fruits. As any other subjects, it has its own origin, growth and development.