the role of Bank Credit in financing of Working Capital
Answers
Explanation:
a working capital loan is a loan that is taken to finance companies everyday operation......
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Answer:
Without bank credit barely any industry would survive. Bank credit provides with the financing part to the institutions which helps in working and running of the industry. Bank credit provide the facility of overdraft, short term loan, long term loan.
The primary function of a commercial bank is to to extend loan and advances. lending is most profitable business of a bank, charges interest from the borrower which is more than the interest paid to the depositors. This bank credit, it helps the industries spend on their working capital and helps in swiftly running of a business.