Why the credit function is important to the bank?

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The fees and interest on credit provide a bank with substantial income.
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What is the function of credit?

It allows you to buy things with future money (money you haven't got yet), AND it allows the lender to make money from your impatience. (a LOT of money).

What is the function of a bank?

The function of a bank is deficit financing and deposit mobilization. They collect deposits from customers and grant loans to people and businesses that need financing. . Th

What is the function of banks?

The main purpose or function of banks is to keep the flow of money in the economy. That is, to transfer money from the ones that have surplus to the ones that need it. Let

What are the function of banks?

A Bank is an institution that serves as the financial intermediary in the economy. They are responsible for cash flow within the nation's economy. Their main functions include

How do banks function?

Banks play a vital role to keep the flow of money in the economy in a controlled manner following the guidelines of RBI.

Functions of credit department in a bank?

The credit department's main function is to lend money. There are several roles and responsibilities that go along with this. . Assessing the potential loss risk of the lo

What is bank and functions?

A Bank is an institution that serves as the financial intermediary in the economy. They are responsible for cash flow within the nation's economy. Their main functions include

Where is this bank continental credit bank plc?

they are not type only send me this details of certifcate and attach copy if you want see i send Serial Numbers - 556543450906 Certificate No.768/904/812 Identification

What do you know by bank .explain functions and importance of bank?

A Bank is an institution that serves as the financial intermediary in the economy. They are responsible for cash flow within the nation's economy. Their main functions include
In Banking

What is the functions of banks?

A Bank is a financial institution that serves as the intermediary in the economy. They are responsible for cash flow within the nation's economy. They accept deposits from cus

What are the importance of credit in banking industry?

Credit is just like oxygen for banks.Banks loan out money to the person that needs the money and banks build interest off of the money they loan out.. When banks give out loa
In Banking

What was the function of the bank?

The main function of a bank is to play the role of a financial intermediary in the economy. They help keep the cash flow going in the economy by collecting deposits from peopl