Question

What are the methods adopted by commercial banks to mobilise funds from the public?

Answer 1

Answer:

The rapid pace of transformation has created new demands as well as opportunities for business. For the banking sector the changes have been called for a more effective and efficient provision of financial services in response to the new order. Commercial banks through their intermediation role between savers and investors affect the volume and mobilisation of savings by providing the market with the diversification of instruments that will meet the precise liquidity needs of savers and at the same time making financial resources available to the investors over a relatively long period in accord with their needs.