banks and companies

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Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2010 Hi.well i am confused about the difference between a bank and a company.

can u please help me out.

Ankur Garg

Ankur Garg (Expert)
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16 October 2010 No need to confuse at all.

Most of the banks are a company incorporated under companies act, 1956.

Few banks like SBI are incorporated under their own act passed by parliament but still they are company.

Kindly check the name of banks:

Bank of India Limited
HDFC Limited
PNB Limited

So they all are a company.

Regards

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