1

Tho !nIvorsIfv Of !nhoro
ROI£ ANÐ I\NCTIONS OI
COMM£RCIAI BANK
Gvouµ Membevs
=> MuLummud Wuqus Mu!Ik
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ÐIIIÞIÞC COMMI!CIA! IAÞK
KIn!ey: suys
A Ion/ ie on ine/i/u/ion u/ic/ receitee Jepoei/e onJ
oJtoncee loone
Kent: suys
An orgonico/ion u/oee principol opero/ione ore
concerneJ ui// //e occunulo/ion of /enpororilx iJle
nonex of //e generol puIlic for //e purpoee of
oJtoncing i/ /o o//ere for expenJi/ure
A¢¢ovdInu to CuIvn¢voss:
on/ ie o finonciol in/erneJiorx Jeoler in loone onJ
JeI/e

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IAÞKIÞC COMIAÞIIS O!ÐIÞAÞCI l962
InnkIng monns fhnf, nccopfnnco of doposIfs for
fho purposo of IondIng or InvosfIng fho doposIfs of
monov from fho pubIIc ropnvnbIo In domnnd or
ofhorwIso nnd wIfhdrnwnbIo bv choquo, drnff
ordor or ofhorwIso

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THI COÞCIIT OI COMMI!CIA! IAÞK
If Is nn InsfIfufIon whIch nccopf doposIfs, mnko
busInoss nnd porsonnI Ionns, nnd offor roInfod
sorvIcos
CommorcInI bnnks nIso nIIow for n vnrIofv of
doposIf nccounfs, such ns curronf n/c, snvIng n/c,
nnd fImo doposIf nccounfs
Thoso InsfIfufIons nro run fo mnko n profIf nnd
ownod bv n group of IndIvIdunIs
hIIo commorcInI bnnks offor sorvIcos fo
IndIvIdunIs, fhov nro prImnrIIv concornod wIfh
rocoIvIng doposIfs nnd IondIng fo busInossos

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COMMI!CIA! IAÞKS IÞ IAKISTAÞ
On Jnn l, l9?4, fho govornmonf of InkIsfnn docIdod
fo nnfIonnIIzo fho InkIsfnnI SchoduIod Innks Tho
bnnks nnfIonnIIznfIon ncf wns promuIgnfod In ordor fo
onnbIo fho govornmonf fo uso fho oconomIc wonIfh
conconfrnfod In fho bnnks for fho mncro-oconomIc
dovoIopmonf nnd prosporIfv Afforwnrds In
nccordnnco wIfh socfIon l5 of fho bnnks
nnfIonnIIznfIon ncf l9?4 fho InkIsfnn bnnkIng councII
forwnrdod n pInn for fho roorgnnIznfIon of bnnks As n
rosuIf of fhIs fho bnnks AmnIgnmnfIon schomo wns
nofIfIod ThIs procoss of nmnIgnmnfIon fInIshod on
30
fh
Juno l9?5 !ndor fhIs schomo, fho smnII bnnks
woro morgod wIfh fho bIggor onos formIng fho
foIIowIng 5 unsoIIcIfod bnnkIng unIfs

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M!S!IM COMMI!CIA! IAÞK !TÐ

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Tho !nIvorsIfv Of !nhoro
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Tho !nIvorsIfv Of !nhoro
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Tho !nIvorsIfv Of !nhoro
ÞATIOÞA! IAÞK OI IAKISTAÞ
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COMMI!CIA! IAÞKS IÞ IAKISTAÞ
AItevwuvds:
Ifh n vIow fo doroguInfo nnd IIbornIIznfIon of
bnnkIng, frndo nnd commorco, fho govf of
InkIsfnn ndopfod fho poIIcv of prIvnfIznfIon of
commorcInI bnnks ÞnfIonnIIznfIon (2
nd
Amondmonf) ordInnnco l99l wns promuIgnfod
As n rosuIf MCI wns fIrsf dIsInvosfod In fwo
phnsos nnd AIIIod Innk of InkIsfnn wns soId fo
fho ompIovoos of fho bnnk
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I!ÞCTIOÞS OI COMMI!CIA! IAÞK
Tho funcfIons of commorcInI bnnk cnn bo
cInssIfIod ns foIIows:
I. PvImuvy Iun¢tIons.
II. Se¢onduvy Iun¢tIons.
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I!IMA!Y I!ÞCTIOÞS
Tho prImnrv funcfIons IncIudo fhoso funcfIons
whIch form fho bnsIs of commorcInI bnnk
opornfIons Thoso funcfIons nro confrnI In nnfuro
nnd nro fho coro of fho whoIo opornfIons of fho
bnnk
IrImnrv funcfIons IncIudos fho foIIowIng:
u) A¢¢eµtun¢e oI ÐeµosIts.
b) Advun¢Inu oI Iouns.
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I!IMA!Y I!ÞCTIOÞS
u) A¢¢eµtun¢e oI ÐeµosIts:
Ifs fho fundnmonfnI funcfIon of n commorcInI
bnnk nII ofhor funcfIons nro bnsod upon fhIs
funcfIon
Innks nccopf doposIfs from fhoso who hnvo
surpIus monov, buf nro unnbIo fo uso If In n
profIfnbIo wnv
Tho commorcInI bnnk provIdo nn opporfunIfv fo
gonornI pubIIc fo mnko good uso of fhoIr snvIngs
bv doposIfIng fhom
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I!IMA!Y I!ÞCTIOÞS
In ordor fo nffrncf gonornI pubIIc nnd fo porsundo
poopIo fo doposIf monov In bnnk, fhroo dIfforonf
fvpos of nccounfs nro mnInfnInod bv commorcInI
bnnks:
1. Cuvvent A¢¢ount
2. SuvInu A¢¢ount
. IIxed A¢¢ount
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I!IMA!Y I!ÞCTIOÞS
1. Cuvvent A¢¢ount:
Curronf nccounf Is ono whoro fho doposIfor Is
nIIowod fo wIfhdrnw hIs nmounf nnv fImo ho
wIshos ÞormnIIv fho frndors nnd morchnnfs
koop such nccounfs wIfh commorcInI bnnks
ThIs mnkos If possIbIo for fhom fo doposIf or
wIfhdrnw monov nf fhoIr onso As fho nmounf
cnn bo wIfhdrnwn nf nnv fImo fhnf`s whv fho
bnnk doos nof pnv nnv Inforosf on such nccounfs
Curronf nccounfs nro nIso cnIIod ns domnnd
doposIf nccounfs
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I!IMA!Y I!ÞCTIOÞS
2. SuvInu A¢¢ount:
SnvIng nccounfs nro hoIpfuI for fhoso poopIo who
hnvo Iow IovoI of Incomos nnd snvIngs
SnvIng nccounfs hoIp In fho mobIIIznfIon of fho
snvIngs of Iow Incomo poopIo
Tho nmounf from fhIs nccounf cnn bo wIfhdrnwn
subjocf fo corfnIn forms nnd condIfIons of fho
bnnk A nomInnI rnfo of Inforosf Is pnId bv bnnk
In such nccounfs
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I!IMA!Y I!ÞCTIOÞS
. IIxed deµosIts:
IIxod doposIfs ns fho nnmo ImpIIos nro nccopfod
bv fho bnnks for n corfnIn fIxod porIod of fImo
Tho cusfomor howovor cnn wIfhdrnw hIs monov
durIng usunI bnnkIng hours nffor gIvIng n
ronsonnbIo nofIco
In cnso fho cusfomor wIshos fo drnw vorv hugo
fIxod doposIf boforo fho oxpIrv, fho bnnk mnv
pIck corfnIn porIod of fImo fo fuIfIII fho obIIgnfIon
Tho bnnk normnIIv pnvs hIghor rnfo of Inforosf
on such nccounfs
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I!IMA!Y I!ÞCTIOÞS
b) Advun¢Inu oI Iouns:
Tho monov whIch fho bnnks hnvo rocoIvod from
pubIIc, fhov Iond from fhIs monov nf n rnfo of
Inforosf hIghor fhnn fhnf fhov nro pnvIng fo fho
doposIfors
ThIs procoss of ndvnncIng Ionns Is fho socond
fundnmonfnI funcfIon of commorcInI bnnk nnd If
nIso forms fho bnsIs of fho onrnIngs of n
commorcInI bnnk
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I!IMA!Y I!ÞCTIOÞS
1. OvevdvuIt:
ThIs Is n shorf form fInnncIng fncIIIfv !ndor fhIs
bnnk nIIows hIs cIIonf fo wIfhdrow corfnIn
nmounf from hIs nccounf ovor nnd nbovo fho
bnInnco ncfunIIv InvIng In hIs curronf nccounf
Tho bnnk chnrgos Inforosf on fho nmounf
wIfhdrnwn bv fho cIIonf hon fho cIIonf hns
surpIus funds, ho cnn pnv fho nmounf fo soffIo
hIs ovordrnff bnInnco
Tho ovordrnff fncIIIfv Is for shorf form nnd Is
provIdod on fho curronf nccounf onIv
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I!IMA!Y I!ÞCTIOÞS
2. ÐIs¢ountInu BI!! oI £x¢Lunue:
ThIs Is nnofhor form of bnnk IondIng ÐIscounfIng
of bIIIs of oxchnngo rofors fo fho procoss of
mnkIng pnvmonf boforo fho mnfurIfv of bIII
Tho dIscounf chnrgod bv fho bnnk for mnkIng
pnvmonf boforo mnfurIfv, consfIfufos fho bnnks
onrnIng
Tho pnvmonf mndo bv fho bnnk boforo fho dnfo
of mnfurIfv Is fho Ionn fo fho hoIdor of fho bIII Af
fho mnfurIfv fho drnwoo mnkos fho pnvmonf fo
fho bnnk
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I!IMA!Y I!ÞCTIOÞS
. Iouns:
CommorcInI bnnks ndvnnco shorf, modIum nnd
Iong form Ionns fo Invosfors nnd busInossmon
hIIo ndvnncIng such Ionns n compIofo IognI
svsfomnfIc procoduro Is foIIowod
As fho bnnks donI In somo ofhor poopIos monov,
fho bnnks mnnngomonf fnkos nII nocossnrv
procnufIons fo mnko corfnIn fho rofurn of fho
monov ndvnncod
Tho Ionns nro normnIIv ndvnncod ngnInsf
socurIfIos whIch nro vnIuod bv bnnks oxporfs
Tho nmounf of Ionn Is crodIfod In fho borrowors
nccounf nnd from fhoro monov cnn bo drnwn
fhrough choquos
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I!IMA!Y I!ÞCTIOÞS
. CusL CvedIt (¢.¢. !ImIt):
Tho bnnk normnIIv provIdos fhIs fncIIIfv fo fho
busInoss nnd commorcInI unIfs Tho fncIIIfv Is
provIdod ngnInsf npproprInfo socurIfv
A cnsh crodIf Is nn nrrnngomonf whorobv fho
bnnk ngroos fo Iond monov fo fho borrowor up fo
n corfnIn IImIf Tho bnnk pufs fhIs nmounf of
monov fo fho crodIf of fho borrowor Tho
borrowor drnws fho monov ns nnd whon ho
noods Inforosf Is chnrgod onIv on fho nmounf
ncfunIIv drnwn nnd nof on fho nmounf pIncod fo
fho crodIf of borrowor`s nccounf
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SICOÞÐA!Y I!ÞCTIOÞS
Tho socondnrv funcfIons of fho commorcInI bnnk
cnn bo cInssIfIod ns foIIows:
u) Auen¢y Iun¢tIons.
b) Genevu! utI!Ity sevvI¢es.
¢) MIs¢e!!uneous / otLev.
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SICOÞÐA!Y I!ÞCTIOÞS
u) Auen¢y Iun¢tIon:
Tho bnnk porforms dIfforonf funcfIons for fhoro
cIIonfs nnd doIng so fhov ncf ns nn ngonf of
fhoIr cIIonfs such funcfIons nro cnIIod ngoncv
funcfIons nnd fhov nro ns foIIows:
1. Co!!e¢tIon oI dIvIdends:
Innk ncfIng ns nn ngonf of fhoIr cIIonfs coIIocfs
dIvIdond nnd Inforosf on sfock nnd shnros fho
bnnk chnrgos n nomInnI commIssIon ngnInsf fho
provIsIon of such sorvIcos
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SICOÞÐA!Y I!ÞCTIOÞS
2. Co!!e¢tIon oI ¢Leques:
CommorcInI bnnk ncf ns nn ngonf of Ifs cIIonfs
whIIo coIIocfIng nnd mnkIng pnvmonfs of bIIIs,
choquos ofc
. Se!!Inu und µuv¢LusInu se¢uvItIes:
CommorcInI bnnks somo fImos purchnso or soII
socurIfIos or shnros on bohnIf of Ifs cIIonfs
. ObeyInu stundInu Instvu¢tIons:
SomofImos cIIonfs ordor fho bnnk fo mnko
pnvmonfs dIrocfIv such pnvmonfs mnv IncIudo
subscrIpfIon foos of cIubs or journnIs, nnnunI
momborshIp foos ofc fho bnnk chnrgos n mInufo
nmounf for fho oxocufIon of such InsfrucfIons
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SICOÞÐA!Y I!ÞCTIOÞS
. £xe¢utov ov Tvustee:
A cIIonf mnv dIrocf hIs bnnk fo ncf ns n oxocufor
or frusfoo In donIIng wIfh ofhor busInoss pnrfIos
or whIIo soffIng busInoss dIspufos wIfh ofhor
pnrfIos
Ho mnv nsk hIs bnnk fo provIdo fochnIcnI
knowIodgo or nssIsfnnco on corfnIn pnrfIcuInr
mnffors Tho bnnk shnII porform such funcfIons
In fho Inforosf of hIs cIIonf Tho bnnk chnrgos n
smnII foo for provIdIng such sorvIcos or fochnIcnI
nssIsfnnco
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SICOÞÐA!Y I!ÞCTIOÞS
. Iunds TvunsIevs:
CommorcInI bnnks cnn frnnsfor funds from ono
bnnk or brnnch fo nnofhor ThIs gIvos nn onso fo
fho cIIonfs nnd In n wnv Incronsos fho IIquIdIfv of
fho monov doposIfod In fho bnnk A cIIonf cnn uso
hIs choquo book ovon nf n pInco whoro hIs bnnk
hns no brnnch
. Auent ReµvesentutIve:
A commorcInI bnnk mnv ncf ns nn ngonf of hIs
cIIonf In donIIng wIfh ofhor bnnks or fInnncInI
InsfIfufIons A bnnk cnn nIso bo n roprosonfnfIvo
or corrospondonf of hIs cIIonf ns roquIrod bv fho
cIrcumsfnncos
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SICOÞÐA!Y I!ÞCTIOÞS
(b) Genevu! \tI!Ity Iun¢tIons:
CommorcInI bnnk porforms vnrIofv of ufIIIfv
sorvIcos for fhoIr cIIonfs Thoso nro ns foIIows:
1. PvovIdInu !o¢kevs:
CommorcInI bnnks provIdo Iockors for fhoIr
cIIonfs ThIs Is n monn of provIdIng snfo cusfodv
fo fho vnIunbIos of fhoIr cIIonfs ThIs hns
mInImIzod fho rIsk of IoosIng vnIunbIos duo fo
robborv
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SICOÞÐA!Y I!ÞCTIOÞS
2. Issuun¢e oI ¢vedIt Instvuments:
CommorcInI bnnks Issuo vnrIous kInds of crodIf
Insfrumonfs nnd fhrough fhIs fhov pInv n unIquo
roIo In IncronsIng fho IIquIdIfv powor of fho
cIIonfs CommorcInI bnnks Issuo frnvoIors
choquos, drnff ofc
. PvovIdInu tvude InIovmutIon:
CorfnIn fnmous commorcInI bnnks hnvo sopnrnfo
pnnoI of oxporfs ThIs pnnoI provIdos nocossnrv
frndo InformnfIon ns roquIrod bv dIfforonf cIIonfs
Such InformnfIon hoIp fho cIIonfs In docIdIng fhnf
whofhor Ifs rIghf fImo fo Invosf or purchnso or Ifs
boffor fo wnIf
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SICOÞÐA!Y I!ÞCTIOÞS
. IInun¢Inu IoveIun Tvude:
CommorcInI bnnks dIscounf foroIgn bIIIs of
oxchnngo hIIo porformIng fhIs funcfIon fhov
pInv fhoIr roIo In foroIgn frndo nnd In fncIIIfnfIng
oxporfs If nIso ncfs ns nn Imporfnnf sourco of
Incomo for n bnnk
. I/C oµevutIons:
CommorcInI bnnks pInvs nn Imporfnnf roIo In
foroIgn frndo bv porformIng !/C opornfIons !/C
Is n gunrnnfoo fhnf Insuros roIInbIo Imporf nnd
oxporf donI
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MISCI!!AÞIO!S I!ÞCTIOÞS
Znknf coIIocfIon
CoIIocfIon of ufIIIfv bIIIs
Hnjj sorvIcos

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ROI£ OI
COMM£RCIAI BANKS
IN TH£ £CONOMIC
УV£IOPM£NT OI A
CO\NTRY

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IMIO!TAÞCI OI COMMI!CIA! IAÞK
CommorcInI bnnk onjov n crucInI posIfIon In fho
oconomIc sofup of n counfrv ThIs nof onIv pIncos
honvv rosponsIbIIIfIos ovor fho shouIdors of
commorcInI bnnks buf nIso gIvos fhom Immonso
Imporfnnco
MeunInu oI £¢onomI¢ Ðeve!oµment
If cnn bo dofInod ns n procoss bv whIch fho fofnI
oufpuf of n socIofv Incronsos ovor fImo If rofors
fo fho procoss whorobv fho fofnI suppIv of goods
nnd sorvIcos of fho socIofv Incronsos IondIng fo
Improvod IIvIng sfnndnrds

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!O!I OI COMMI!CIA! IAÞKS IÞ THI
ICOÞOMIC ÐIVI!OIMIÞT OI A CO!ÞT!Y
CommorcInI bnnks pInv nn Imporfnnf nnd ncfIvo
roIo In fho oconomIc dovoIopmonf of n counfrv
If fho bnnkIng svsfom In n counfrv Is offocfIvo,
offIcIonf nnd dIscIpIInod If brIngs nbouf n rnpId
growfh In fho vnrIous socfors of fho oconomv
Tho foIIowIng Is fho sIgnIfIcnnco of commorcInI
bnnks In fho oconomIc dovoIopmonf of n counfrv

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£CONOMIC УV£IOPM£NT OI A
CO\NTRY
l Innks promofo cnpIfnI formnfIon
2 Invosfmonf In now onforprIsos
3 IromofIon of frndo nnd Indusfrv
4 ÐovoIopmonf of ngrIcuIfuro
5 InInncod dovoIopmonf of dIfforonf rogIons
6 InfIuoncIng oconomIc ncfIvIfIos
? ImpIomonfnfIon of Monofnrv poIIcv
8 MonofIznfIon of fho oconomv
9 Ixporf promofIon coIIs
l0 IxpnnsIon of crodIf
ll IInnncIng prIorIfv socfors
l2 OpfImum ufIIIznfIon of rosourcos
l3 Cronfors nnd dIsfrIbufors of monov
l4 AffnInIng soIf suffIcIoncv
l5 Crowfh of rIghf IndusfrIos
l6 !osonrch nnd dovoIopmonf

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TH£ £CONOMIC УV£IOPM£NT OI A
CO\NTRY
1. Bunks µvomote ¢uµItu!
IovmutIon:
CommorcInI bnnks nccopf doposIfs from
IndIvIdunIs nnd busInossos, fhoso doposIfs
nro fhon mndo nvnIInbIo fo ofhor
busInossos whIch mnko uso of fhom for
producfIvo purposos In fho counfrv
Tho bnnks nro, fhoroforo, nof onIv fho
sforo housos of fho counfrv`s wonIfh, buf
nIso provIdo fInnncInI rosourcos nocossnrv
for oconomIc dovoIopmonf

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TH£ £CONOMIC УV£IOPM£NT OI A
CO\NTRY
2. Investment In new
entevµvIses:
IusInossmon normnIIv hosIfnfo fo Invosf
fhoIr monov In rIskv onforprIsos Tho
commorcInI bnnks gonornIIv provIdo shorf
nnd modIum form Ionns fo onfropronours
fo Invosf In now onforprIsos nnd ndopf
now mofhods of producfIon
Tho provIsIon of fImoIv crodIf Incronsos
fho producfIvo cnpncIfv of fho oconomv

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TH£ £CONOMIC УV£IOPM£NT OI A
CO\NTRY
. PvomotIon oI tvude und
Industvy:
Ifh fho growfh of commorcInI bnnkIng, fhoro Is
vnsf oxpnnsIon In frndo nnd Indusfrv
Tho uso of bnnk drnff, chock, bIII of oxchnngo,
crodIf cnrds nnd Ioffors of crodIf ofc hns
rovoIufIonIzod bofh nnfIonnI nnd InfornnfIonnI
frndo
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TH£ £CONOMIC УV£IOPM£NT OI A
CO\NTRY
. Ðeve!oµment oI uuvI¢u!tuve:
Tho commorcInI bnnks pnrfIcuInrIv In
dovoIopIng counfrIos nro now provIdIng
crodIf for dovoIopmonf of ngrIcuIfuro nnd
smnII scnIo IndusfrIos In rurnI nrons
Tho provIsIon of crodIf fo ngrIcuIfuro
socfor hns gronfIv hoIpod In rnIsIng
ngrIcuIfuro producfIvIfv nnd Incomo of fho
fnrmors
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TH£ £CONOMIC УV£IOPM£NT OI A
CO\NTRY
. Bu!un¢ed deve!oµment oI
dIIIevent veuIons:
Tho commorcInI bnnks pInv nn Imporfnnf roIo In
nchIovIng bnInncod dovoIopmonf In dIfforonf
rogIons of fho counfrv
Thov hoIp In frnnsforrIng surpIus cnpIfnI from
dovoIopod rogIons fo fho Ioss dovoIopod rogIons
Tho frndors, IndusfrInIIsf ofc of Ioss dovoIopod
rogIons nro nbIo fo gof ndoqunfo cnpIfnI for
moofIng fhoIr busInoss noods
ThIs In furn Incronsos Invosfmonf, frndo nnd
producfIon In fho oconomv
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TH£ £CONOMIC УV£IOPM£NT OI A
CO\NTRY
. InI!uen¢Inu e¢onomI¢
u¢tIvIty:
Tho bnnks cnn nIso InfIuonco fho oconomIc ncfIvIfv of fho
counfrv fhrough Ifs InfIuonco on
n AvnIInbIIIfv of crodIf
b Tho rnfo of Inforosf
If fho commorcInI bnnks nro nbIo fo Incronso fho nmounf of
monov In cIrcuInfIon tLvouuL ¢vedIt ¢veutIon or bv
IoworIng fho rnfo of Inforosf, If dIrocfIv nffocfs oconomIc
dovoIopmonf
A Iow rnfo of Inforosf cnn oncourngo Invosfmonf
Tho crodIf cronfIon ncfIvIfv cnn rnIso nggrognfo domnnd
whIch Ionds fo moro producfIon In fho oconomv

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TH£ £CONOMIC УV£IOPM£NT OI A
CO\NTRY
. Imµ!ementutIon oI
Monetuvy µo!I¢y:
Tho confrnI bnnk of fho counfrv confroIs
nnd roguInfos voIumo of crodIf fhrough
fho ncfIvo coopornfIon of fho bnnkIng
svsfom In fho counfrv
If hoIps In brIngIng prIco sfnbIIIfv nnd
promofos oconomIc growfh wIfh In fho
shorfosf possIbIo porIod of fImo

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ROI£ OI COMM£RCIAI BANKS IN
TH£ £CONOMIC УV£IOPM£NT OI A
CO\NTRY
. MonetIzutIon oI tLe
e¢onomy:
Tho commorcInI bnnks bv oponIng brnnchos In
fho rurnI nnd bnckwnrd nrons nro roducIng fho
oxchnngo of goods fhrough bnrfor
Tho uso of monov hns gronfIv Incronsod fho
voIumo of producfIon of goods
Tho non monofIzod socfor (bnrfor oconomv) Is
now boIng convorfod Info monofIzod socfor wIfh
fho hoIp of commorcInI bnnks

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CO\NTRY
. £xµovt µvomotIon ¢e!!s:
In ordor fo Incronso fho oxporfs of fho
counfrv, fho commorcInI bnnks hnvo
osfnbIIshod oxporf promofIon coIIs
Thov provIdo InformnfIon nbouf gonornI
frndo nnd oconomIc condIfIons bofh InsIdo
nnd oufsIdo fho counfrv fo Ifs cusfomors
Tho bnnks nro fhoroforo, mnkIng posIfIvo
confrIbufIon In fho procoss of oconomIc
dovoIopmonf

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!O!I OI COMMI!CIA! IAÞKS IÞ THI
ICOÞOMIC ÐIVI!OIMIÞT OI A CO!ÞT!Y
10. £xµunsIon oI ¢vedIt
CommorcInI bnnks nro fho fncforIos fhnf cronfo
crodIf In fncf fho crodIf cronfIng funcfIon of n
commorcInI bnnk pInvs nn Imporfnnf roIo In n
oconomv To mnInfnIn hIgh IovoI of oconomIc
ncfIvIfv, crodIf oxpnnsIon Is ossonfInI
CommorcInI bnnks mnko n subsfnnfInI
confrIbufIon fo oconomIc progross bv mnkIng
funds nvnIInbIo for dovoIopmonf of Infrnsfrucfuro
ThIs nof onIv rnIsos fho IovoI of oconomIc ncfIvIfv
buf nIso Incronsos fho spood of oconomIc
dovoIopmonf

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ROI£ OI COMM£RCIAI BANKS IN TH£
£CONOMIC УV£IOPM£NT OI A
CO\NTRY
11. IInun¢Inu µvIovIty
se¢tovs
In ordor fo Incronso fho pnco of oconomIc
dovoIopmonf nnd fo moof curronf chnIIongos
commorcInI bnnks hnvo fo frnmo now ndvnncod
poIIcIos
CommorcInI bnnks In fhIs rognrd fInnnco fhoso
spocInI socfors whIch produco dIrocf offocf on
fho bnsIc oconomIc IndIcnfors
CommorcInI bnnks poIIcIos nro n mIrror fhnf
rofIocfs fho oconomIc prIorIfIos nnd fIscnI
fnrgofs of fho counfrv

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!O!I OI COMMI!CIA! IAÞKS IÞ THI
ICOÞOMIC ÐIVI!OIMIÞT OI A CO!ÞT!Y
12. OµtImum utI!IzutIon oI
vesouv¢es
CommorcInI bnnks hoIp In fho jusf nnd
opfImum nIIocnfIon of rosourcos Innk Iond onIv
nffor obsorvIng nII nocossnrv procnufIons Mogn
Ionns nro ndvnncod onIv In fho nrons whIch hnvo
onough pofonfInI nnd gronf scopo of oxpnnsIon

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£CONOMIC УV£IOPM£NT OI A
CO\NTRY
1. Cveutovs und
dIstvIbutovs oI money
CommorcInI bnnks ncfs ns fncforv fhnf cronfos
nnd dIsfrIbufos monov CommorcInI bnnks
chnnnoI fInnncos fownrds cronfIvo Issuos
Thov, ns roquIrod bv cIrcumsfnncos, Incronso or
docronso fho suppIv of monov In nn oconomv fo
nffnIn mncro-oconomIc sfnbIIIfv nnd growfh
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ROI£ OI COMM£RCIAI BANKS IN TH£
£CONOMIC УV£IOPM£NT OI A
CO\NTRY
1. AttuInInu se!I suIII¢Ien¢y
A mnjor probIom of fhIrd worId counfrIos Is
foroIgn dobfs nnd dopondonco on ofhor
counfrIos
CommorcInI bnnks provIdo InconfIvos for fho
onfropronours fo fnko rIsks nnd fo uso fho IdIo
rosourco for moro nnd boffor producfIon ThIs
Ionds fo oufwnrd shIffIng of producfIon
possIbIIIfv fronfIor nnd hoIps In fho procoss of
nffnInIng soIf suffIcIoncv
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ROI£ OI COMM£RCIAI BANKS IN TH£
£CONOMIC УV£IOPM£NT OI A
CO\NTRY
1. GvowtL oI vIuLt
IndustvIes
Inch counfrv`s oconomIc sofup hns dIfforonf
fIscnI nnd socInI prIorIfIos nccordIng fo fho
frndIfIons, cusfoms or monofnrv ngondn
CommorcInI bnnks hoIp In fho growfh nnd
dovoIopmonf of rIghf fvpo of IndusfrIos whIch
nro dIrocfIv roInfod wIfh rnIsIng fho IIvIng
sfnndnrds of IocnI poopIo AIso onvIronmonf
frIondIv IndusfrIos nro oncourngod bv
commorcInI bnnks
2
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!O!I OI COMMI!CIA! IAÞKS IÞ THI
ICOÞOMIC ÐIVI!OIMIÞT OI A CO!ÞT!Y
1. Reseuv¢L und
deve!oµment
CommorcInI bnnks somofImos do provIdos
fInnncos for rosonrch nnd InnovnfIons ThIs
nspocf Ionds fo Improvomonf of producfs nnd
upIIffIng of IIvIng sfnndnrds ovor fImo
CommorcInI bnnks nIso ndvnnco Ionns fo dIfforonf
rosonrch InsfIfufos

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ST
C£NT\RY
Tho commorcInI bnnks nro now nof
confInod fo IocnI bnnkIng
Thov nro fnsf chnngIng Info gIobnI
bnnkIng Io, undorsfnndIng fho gIobnI
cusfomor, usIng Infosf InformnfIon
fochnoIogv, compofIng In fho opon mnrkof
wIfh hIgh fochnoIogv svsfom, chnngIng
from domosfIc bnnkIng fo Invosfmonf
bnnkIng ofc
Tho commorcInI bnnk nro now consIdorod
fho norvo svsfom of nII oconomIc
dovoIopmonf In fho counfrv

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VI!T!A! IAÞKIÞC
hnf Is vIrfunI bnnkIng¨
IrovIdIng fho bnnkIng sorvIcos fhrough
oxfonsIvo uso of InformnfIon fochnoIogv
wIfhouf dIrocf rocourso fo fho bnnk bv fho
cusfomor Is cnIIod vIrfunI bnnkIng
Tho orIgIn of vIrfunI bnnkIng cnn bo frncod fo
fho l9?0,s wIfh fho InsfnIInfIon of ATM`s
Tho prIncIpnI fvpos of vIrfunI bnnkIng sorvIcos
IncIudo nufomnfod foIIor mnchInos (ATM`s),
phono bnnkIng nnd mosf roconfIv Infornof
bnnkIng
Ifh fho IncronsIng uso of Infornof bnnkIng
fhoro Is gronfor roIInnco now on InformnfIon
fochnoIogv nnd fho docronso of phvsIcnI bnnk
brnnchos fo doIIvor fho bnnkIng sorvIcos fo fho
cusfomor

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