Banking is one of the most growing industry.Banking is noting but "accepting the deposits from the public for the purpose of lending".Banks acts as a intermediary between a surplus and needy.In general banks pay less interest on normal OR regular savings accounts and Charge more on loan accounts.Loans are the main profit for the banks. The gap between savings interest pay and lending interest charge is called "Spread",Which results after deducting the all miscellaneous charges such as operating charges.If any banks spread is more that means it is generating more profits.According to the needs of day to day basis banks are improving in their quality of services,making a customized products for a particular groups.Banks also promoting in development of the nation through their wide spread Branches as a financial service provider.
No comments:
Post a Comment