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Tuesday, March 10, 2015

Importance/ Necessity/ Role/ Significance of Bank.

 M N H     12:38:00 PM     Introduction     No comments   

Bank is such an organization which increases the flow of trading, business & commerce through safety & secured collection, transfer consigning & loan providing of deposited money of general peoples. The importance and role of bank are given below -



1. Collection of savings of general people.

2. Capital supply to productive purpose.

3. Preserving money as safe custody.

4. Money transfer.

5. Creation of exchange medium.

6. Assist in trade & commerce.

7. Issuing credit.

8. Creation of credit & deposits.

9. Credit control.

10. Assist in production.

11. Information supply & advising.

12. Agriculture development.

13. Industrial development.

14. Increasing of govt revenue.

15. Employment.

16. Development of living standard.

17. Control of foreign exchange.

18. Decreasing deflation.

19. Creation of loan- deposits.

20. Establishing economic stability.

21.Assist to determine financial policy.


At last we can say that the significance  & functions of modern banks are so enormous that we can't imagine the existence of the present society without banks.
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