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Banks are financial intermediaries which offer loan for a wide range of economic activities.
1) They keep small proportions of the deposits with them as cash.
2) These deposits are used to offer loans to the borrowers. The bank thus intermediates between those who have surplus funds (depositors) and those who are in need of the funds (borrowers).
3) Banks charge a higher interest rate on loans than what they offer on deposits. The difference between what is charged from borrowers and what is paid to depositors is their main source of income.
The banks offer various types of loans to the borrowers which are categorized as Priority sector loans, corporate loans, Housing loans, Personal loans, student loans, etc. These loans are offered at different interest rates by the banks.
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♛ ❝Ѕυнαɴα❞ ♛ 5 years, 8 months ago
⚫ Italy was divided into seven states.
⚫ The central part was under the Pope.
⚫ Failure of the 1831 and 1834 revolution uprisings prompted King Victor Emmanuel ll from Sardinia-piedmont to unify the Italy states. The Cheif Minister, Count Cavour , lead the movement for the unification of Italy.
⚫In 1861, Victor Emmanuel ll was declared as the king of united italy and rome was declared as the capital of italy.
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Pallavi Kumari 5 years, 8 months ago
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