Plz explain inter bank deposits in brief. On what conditions does the company held the deposits of other banks
Dear student,
Inter bank deposits simply refer to the money deposited in the banks by other banking institutions. They engage in such deposit transactions to maintain liquidity or mandatory regulations such as minimum reserves. Also, a company does not hold deposits, it is the bank who holds deposits of public and other institutions.
Inter bank deposits simply refer to the money deposited in the banks by other banking institutions. They engage in such deposit transactions to maintain liquidity or mandatory regulations such as minimum reserves. Also, a company does not hold deposits, it is the bank who holds deposits of public and other institutions.