Importance of banking to an economy no emphasis. A well-organized banking system provides liquidity and mobility to the financial resources available in the economy. It helps the economy in the following regards. Importance of Banking Bring Economic Stability In The Country Co-Ordinate Among All The Units Accurate Investment Capital Formation: Creation Of Money Encourage Saving Facilitate Trade Acceptance Of Deposits […]
Functions of Commercial bank
Functions of Commercial bank A bank is a financial institution which deals with the money and credit. It is organized on a joint stock company system primarily for the earning of profit. The main function of commercial bank is to accept deposits from individuals, firm and companies at lower rate of interest and gives […]
What is Commercial Banks – Definition and Meaning
What is Commercial Banks: It is a financial institution that provides services for businesses, organizations and individuals. Services include offering current, deposit and saving accounts as well as giving out loans to businesses. Commercial banks are defined as a bank whose main business is deposit-taking and making loans. This […]
