Not able to create repository

Be careful with uppercase. You should type it all lowercase :

git init 

If it still doesn't work type this command:

echo $PATH 

Then look for the git binary in the directories listed by this command. If you can't find it reinstall git in one of those directories or add your git binary's directory to this list (google "add a directory to my path").

"Baash" ? Do you have a script which has #!/bin/baash at the top of it, instead of #!/bin/bash?

Was it not rather:

bash: $: command not found 

Which would indicate that git is not referenced in the PATH environment variable?
Or that you try typing:

$ git init 

instead of

git init 

(do not type the $)

Try this command:

type git 

It should respond with:

git is /usr/bin/git 

Try:

/usr/bin/git init 

Which should respond with:

Initialized empty Git repository in ... 

Also try:

echo $SHELL 

Which should return:

/bin/bash 

You can also try:

file /usr/bin/git 

Which should give you:

/usr/bin/git: MS-DOS executable PE for MS Windows (console) Intel 80386 32-bit