|
Introduction to banks
Banks are institutions that channelise the savings of individuals and entities into investment in productive assets in the economy. The accumulate the savings in the form of demand and time deposits, which are then deployed in financing agriculture, industry, trade and services. Banks have the advantage of low cost funding as they have access to the retail fund base. The access to retail funds is on account of the cheque facility that permits an account-holder to transmit funds at will. This convenience of easy transmission of funds has led to accumulation of funds at relatively low interest rates across numerous retail accounts thereby providing the bank with enormous resources at low cost of funds.
Trends in banking
|
Disclaimer: IMO Communications Pvt. Ltd has taken due care and caution in taking information from reliable sources while designing this module and believes the information contained in this module to be reliable. However it shall not warrant its completeness or accuracy. The said information should not be treated as professional advice and the users are requested to seek professional advice for taking financial decisions. IMO Communications Pvt. Limited shall not be liable for any losses or damages on account of the usage of the said information.
Citibank Disclaimer: The content on this page has been created by indiamarkets.com. Citibank does not guarantee the authenticity of the content and cannot be held responsible for the same.