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What is indigious banking??

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What is indigious banking??

Posted by Mohit Kashyap 4 years, 9 months ago

CBSE > Class 11 > Business Studies

1 answers

Yogita Ingle 4 years, 9 months ago

The activities of indigenous bankers was getting low but their importantance not. After nationalisation of commercial banks and the spread of banking in urban and rural areas, because the borrowers still facing problems to getting loans from the bank.

Indigeneous bankers doesn't have fixed hours and paper formalities that's why the borrowers approach them directly and informally and get loans promptly and easily. They are very popular with traders, businessmen, agriculturists, and ordinary people.

Indigenous bankers provide finance and remittance facilities to traders and small industrialists by advancing loans; writing, buying and selling hundis; writing finance bills and trade bills. Thus they help not only in financing internal trade but also in expanding it.

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