COMMERCIAL BANKS, THEIR FUNDAMENTALS AND FUNCTIONS
Keywords:
Commercial banks, banking system, financial institutions, deposits, loans, payment services, economic development, digital banking, fintech, financial intermediation.Abstract
Commercial banks play a vital role in the financial system by facilitating economic activities through various banking services. They serve as intermediaries between depositors and borrowers, ensuring the smooth functioning of financial markets. This article explores the fundamentals of commercial banks, their core functions, and their significance in economic development. Key functions such as accepting deposits, providing loans, facilitating payments, and offering investment services are analyzed. Additionally, the article discusses the evolving role of commercial banks in the digital age, highlighting trends in online banking and fintech integration.
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