Principles of Banking 1.Liquidity 2.Safety 3.Profitability 4.Secrecy 5.Service Quality
Role of Commercial Banks
Financial Intermediation : Pool the resources from the people who have it & deploy it to the trade & commerce who needs it. Payment System :Banks are the only institutions that can accept Demand deposit/s repayable as & when demanded. Financial Services : Selling MF, insurance, collection of bills, utility payments, sale of gold coins etc.