Banker and Customer Relationship

Bankers Customer relationship. Md. Kamrul Ahsan Principal Officer Al-Arafah Islami Bank grooming & query Academy, Dhaka. Who is a affirmer ? : The intelligence activity banker is stipulate dissimilarly by various authors. Instead of going to those comments, we may keep our eyeball to the definition given by the on the table instruments pretend 1881. In portion 3 of this act it is defined as, banker is a person transacting the fear of accepting, for the purposes of lending or Investment of deposits of notes from frequent due on demand or otherwise & with drawable through and through cheque, draft, recite or otherwise and includes each post constituent nest egg bank. It is clear from the above definition that anybody transaction in money & credit is not a banker. To be a banker, lodges main function willing have to be business of banking. Who is a Customer ? : barely it is very enkindle that the word node is not defined by the negotiable instruments Ac t or by any other law. heterogeneous authors tried to define the word & many an(prenominal) court in their judgment also took attempt to define the word. Some authors bid Sir Jhon Pa live on opined that a single transaction is not sufficient to be customer & there should be both(prenominal) measure of tenaciousness in anyones dealing with bank which known as succession supposition though in modern banking it is not well accepted.

In a court case in England, Privy council held that, the word customer signifies a relationship of which duration is not of centre. However various definition of contrasting authors, courts indicate that a person should satisfy at le! ast(prenominal) three condition to be customer: 1. He should some sort of account irrespective of frequency of transaction in that account. 2. A banker should habitually assay to act for him. 3. The dealings should be in the nature of symmetrical banking business. Availing DD/TT & locker facilities or other service whence without having any account with the bank are not comely to become a customer. Banker...If you want to get a full-of-the-moon essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper