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Evolution of Commerce is an unending process. With the technological changes taking place, commerce is growing every day.

Commerce is considered to be a part of business. It is that activity of business which is concerned with the exchange of goods and services.

The movement of goods from one place to another is called transport. Transport removes the hindrances of persons, place and time in exchange of goods and commodities.

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Banks are regarded as the nerve centre of the trade, industry and commerce of a country. They provide finance to all the sectors and as such are regarded as the backbone of the business units.

Receiving of deposit is one of the primary functions of a commercial bank. Banks usually accept deposits from those people who can save and cannot profitably use their surpluses.

Banks perform certain agency function because they act as agents of their customers in a number of ways.

Banks are regarded as the nerve centre of trade, industry and commerce of a country. Bank denotes an institution which deals in money and credit.

The Reserve Bank of India was incorporated in 1935 and it was nationalized in the year 1949.

The Imperial Bank of India was nationalized in 1957 and after nationalization it was renamed as the State Bank of India.

Commercial banks render a great deal of services to their customers. The relationship between banker and a customer can be expressed under the following angles:

Marine insurance consist of several warranties. A warranty means a stipulation upon which the fulfillment of the very contract depends.

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A successful claim for the losses by fire can e made when the following procedures are resorted:

There are a great deal of fire insurance policies designated to cater the needs of the insured. These policies are: