What Are Different Types Bank Department?

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The following are the department of chief importance of a bank
Cash Department: This department is responsible for the receipt and payment of cash. It maintains all records and accounting to this regard. The department conducts audit of cash so as to check any misappropriation or embezzlement of it. It also determines as to how much till cash is required.

Accounts Department: it gathers and keeps the record of all accounting data obtained from head office and branches of the bank. Audit is one of its functions that come in its purview. All the accounting working other department is done under its supervision. The department prepares final accounts of the bank.

Human Resource Department: The legal department of a bank is responsible for legal matter of the bank. Its functions include interpretation of the banking and government laws, and their enforcement. It deals with the court matters. It prepares legal suits against defaulters and acts as a respondent to any law suit filed against the bank
Legal Department: the legal department of a bank is responsible for legal matters of the bank. It functions include interpretation of the banking and government laws, and their enforcement, it deals with he court matters also.
d ds Profile
d ds answered
A bank has various departments and banks in different countries may give different names to these deportments. Some of these include audit department that appraises the various operations in the bank for their fairness. The communications department is responsible for all the external and internal communications, an economic analysis unit keeps a watchful eye on the economic situation and how it may affect the bank. Other departments include funds management and banking, IT department, financial services, currency services and the corporate services department which includes the Human resource management, Information management etc.

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