Aims and objective of commer
cial banks
Answers
Explanation:
the main objective of Banks is to provide cheap loans to many people
If this is achieved,people can be employed as they have money for starting their courie
they will earn money and then can deposit surplus money to the bank.
the bank offers less rate of interest to depositors and charge higher interest from borrowers (loan takers). The difference of both the loans becomes their profit...
Answer:Commercial banks are profit- seeking businesses ; Their main objective is to achieve a profit by earning more from the interest charged on loans than the interest paid to depositors;Commercial banks can also make profits from providing other services such as deposit security, currency trading, business advice. The Main Functions of Commercial Banks: ADVERTISEMENTS: The three main and traditional functions of commercial banks are to accept deposits, to lend and to enable customers to make payments. The first function enables customers to keep their money in a safe place.
Functions of Commercial Banks: - Primary functions include accepting deposits, granting loans, advances, cash, credit, overdraft and discounting of bills.
Explanation:
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