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the role of commercial banking in the development of nigerian economy
the role of commercial banking in the development of nigerian economy
what is banking role in afghanistan economic development
essay the role of bank
The can help to grow the country. They will provide money to the growing government along with issue money to the people to use to grow the economy.
Banks are the financial intermediaries of the economy. Without them there will be no financial prosperity. Banks accept deposits from people who have surplus and lend out loans to people who need the money. Most commercial banks provide the following services to customers:Savings accountsChecking accountsFixed DepositsHome LoansPersonal and Auto loansCredit Cardsetc
Banks play a vital role to keep the flow of money in the economy in a controlled manner following the guidelines of RBI.
The banks play a pivotal role in a country's economy. The economy of a country is bound to crumble down if the banks are closed indefinitely. The banks provide necessary impetus to growth by pumping finance to industrial sector,without which the production cannot accelerate which is vital for employment and overall growth of the economy. However, the responsibilities of private banks are limited and they are more inclined for augmenting their profit acceleration. Whereas the nationalized banks have their social responsibilities to lift the cottage and small industries sector by providing soft loans, without caring for their profit motivation.
process of payment, common money market,issue money
Commercial banks offer services and facilities for people to manage their money, seek lines of credit, and invest the in the stock market. This allows the financial market run when money is circulated.
to spend the peoples money and rip of Ashley
The role of commercial banks in economic development is to ability to control the flow of investment capital through the market. This is accomplished through the lending processes which are closely monitored to determine the financial risks involved with lending to specific types of business entities.