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BANKING
FINANCIAL INTERMEDIARIES (NBFIS) Wc have studied banks and their functioris. Besides the hanks there arc other financial institutions too which practically perform the same functions (e.g. deposit mobilisation and advancing loans as thc banks but in a different way....
BANKING
Functions of the NBFs The following are the main functions perforated produce and provide near money and not money.Iii) Tile provide liquid assets the community. because their liabilities arc close substitutes for money,(iii) They pass on savings to ultimate...
BANKING
Significance of Credit Creation Credit creation vitally affects the level of economic activity (and hence national income, output and employment) in the country. It is no wonder that the policy pursued by the monetary authority in the country is directed to the...
BANKING
CREATION OF CREDIT Creation of credit is onc of the most important functions of a modern bank. A hank has sometimes been called a factory for the manufacture ofcredit. Let us see what we mean by credit creation. how it is created by the banks and, finally, whether...
BANKING
BANKING A bank is an institution which deals in money. Broadly speaking, bank draw surplus money from the people who are not using it at the time, and lend to those who are in. a position to use it for productive purposes. Modern banks have developed from very small...
