Question

aims and objectives of a commercial bank

Answer 1

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.

Explanation:

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Answer 2

The aims and objectives of commercial banks are the attainment of profits by charging more interest on the loans.  

Explanation:  

• The commercial banks are financial institutions whose main aim is to earn revenue and generate profits.
• Therefore, their objective is the earning of more profit from the interest that is charged on the loads in comparison to the interest that they have to pay to the depositors.
• Therefore the interest on the deposit is much lesser than the interest banks charge on the loans.  

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