Banking Operations
The operations of a Bank involve, apart from maintaining the accounts of all its
customers, keeping track of its own internal accounting entries, its overheads,
reconciliation of its inter-branch transactions, drawing up of its financial statements,
monitoring its performance parameters. The Bank also has to keep track whether the
instructions issued by Reserve Bank of India and other regulators are being implemented in
the Bank. Further, Central Banks (RBI in India) also mandate that periodical data must be
submitted by each Bank. These functions are performed by Banking Operations Department.
This department also handles the preparation and publication of balance sheet and allied
jobs like provisioning, appropriations etc.
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