The two main functions of commercial banks are - 1 - To provide loans to the companies , traders , industrialists , HUF , individual,etc 2- To take money from public and give an interest on these amount .
Note : you may note that bank take interest From borrowers is higher than what is paid by them to investors.
This difference they are gaining contribute to bank earnings.
The two main functions of commercial banks are
-
1 - To provide loans to the companies , traders , industrialists , HUF , individual,etc
2- To take money from public and give an interest on these amount .
Note : you may note that bank take interest
From borrowers is higher than what is paid by them to investors.
This difference they are gaining contribute to bank earnings.