Question

differentiate between indigenous bankers and moneylenders​

Answer 1

Difference between indigenous bankers and moneylenders:

Answer 2

Difference between Indigenous bankers and Moneylenders are given below:

Indigenous bankers:

• Indigenous bankers are individuals or firms who operate as banks and give loans as well as receive deposits.  
• Their main objective is banking.  
• The indigenous bankers give loans from the money collected as deposits or in other ways.  
• The indigenous bankers deal with various credit instruments of commercial bills, Hundis and more.

Moneylenders:

• The money lenders have their business of lending money.  
• They are not concerned with banking processes.
• The money lenders have the only objective of lending money and they do that from their own funds.
• The money lenders only conduct their business in cash.