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This book has been prepared as a comprehensive study module in the principles and practices of banking, intended primarily for students of the Bachelor of Business Administration programme. Banking sits at the very centre of the modern financial system, and a sound understanding of how banks originated, how they function, how they are regulated, and how they interact with allied financial institutions is indispensable not only to students preparing for a career in banking and finance, but to any student of business who will, in one capacity or another, engage with banks throughout their professional life. The book is organised into six modules, following the prescribed syllabus. The first module traces the evolution of banking, from its earliest origins through its development in the West and in India, and lays the conceptual foundation of what a bank is and does. The second module examines the primary and secondary functions performed by a commercial bank, from the acceptance of deposits and the granting of loans and advances to the wide range of agency and general utility services banks provide. The third module turns to banking procedure, examining in detail how deposit accounts are opened and operated, and the special considerations that apply to different categories of account holders. The fourth module surveys the principal methods by which funds are remitted through the banking system. The fifth module looks beyond banks themselves to the wider universe of non-banking financial institutions, with particular attention to mutual funds and housing finance institutions. The sixth and concluding module examines the international dimension of banking, including the diversification of banks into new lines of business, the growth of multinational banking, and the distinctive features of the Eurocurrency market.