![]() ![]() the famous temples of Ephesus, Delphi and Olympia were used as depositories for peoples surplus funds and these temples were the centers of money-lending transactions. 2 The new evidences show that the activities of money changers were being done in the temples of Jerusalem. When the banker failed, his Banco was broken up by the people and hence the word bankrupt was emerged. 1 According to the others, the word bank is derived from the words Banco or Banque that is a bench upon which the early European money-lenders and money changers used to display their coins and transact business in the market place. Some economist says that the word bank is derived from the German word banc which means a joint stock firm. According to some economist, the word bank is derived from the Greek word Banque i.e., a bench. 1.1 Origin and History of Bank: An International Perspective Important Events in Banking History- World Wide Origin and History of Banks: An Indian Perspective The Banking Structure in India Functions of Commercial Banks Profile of Sampled Units 26 1ΔΆ CHAPTER 1 BANKING- AN INTRODUCTION 1.1 Origin and History of Bank: An International Perspective There is no common view of the economist about the origin of the word banking. 1 CHAPTER 1 BANKING- AN INTRODUCTION CHAPTER INDEX No.
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