Definition of Banker and Customer

Banker There are three different definitions of Banker which covers essential and secondary functions of Banker. Dr. Herbert L. Hart defines a Banker as, “one who in the ordinary course of business, honors cheques drawn upon him by persons from and for whom he receives money on current account”. As per this definition, the receiving of deposits of money from the public and repaying the same by honoring their cheques are their essential functions...

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