Correct Option: C

Branch banking implies engaging in banking activities such as accepting deposits or making loans at facilities away from a bank's home office. It means a system of banking in which a banking organization works at more than one place. The main place of business is called head office and other places of business are called branches. The head office controls and co-ordinates the work at branches. This system of banking is prevalent throughout the world. In India also, all the major banks have been operating under branch banking system.