Importance of Business Banking Commerce YouTube Lecture Handouts
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Title: Importance of Business Banking
Importance of Business Banking
Banks Connect Those Who Have Capital with Those Who Need Capital
Develops Financial Intermediaries and Markets
- Economic Development
- Easy & Global Access
- Pre sanction and Post sanction appraisal
- Creates Liquidity
- Guarantor
- Channelization of Funds
- Accept Deposits
- Lend Loans
- Insurance
- Para banking facilities
- Risk transformation
- Capital formation
- Acts as Entrepreneur
- Generates Employment
- Improves standard of living
- Consumer Finance
- Digital Banking
- Clearing of Cheques
- Payment Mechanism
- Trade facilitator
- Provision of Information
- Consultancy
- Finance to Govt.
- Issues Letter of Credit
- Factor and Discounting Agent
- Agent to Govt
- Optimum utilization of Financial Resources
- Development of monetary and credit policies
- Issue of Currency
- Boon to Farmers, MSME՚s, Small Businessmen
- Social Welfare Programmes
Role of Banking in Our Life
✍ Manishika