Abstract:
Banks have an extensive and affluent narrative. It was brought about by a necessity for the people. And over time it has been helpful in meeting the immediate demands of businesspeople and more. The banking industry is offering a number of cutting-edge services with fundamental features to reduce the complexity as it grows more and more sophisticated every day.
At present, modern banking evaluated as result of changing economic activities and ways of life. Right now , the aim of commercialized banks is to maximize their profits. Therefore, it should lend money to industries where it will earn a better return. However, the commercial banks that have been nationalized now operate in a different purpose.
The main goal is to maximize social benefit in addition to financial gain. Commercial banks offer a wide range of additional services to its customers, including remittance options, credit data information, financial counseling & fees or along with others. In addition, banks' offer numerous favors for clients. Those facilities might be personal care, where managing real state in the name of consumers, pension plans for businesses, which allow withdrawal benefits of its staffs, or corporate trust services, which are related to the issuance of bonds.
