The author concluded that the competition was tough and consumers benefited from better services quality, innovative products and better bargains.
Cash Credit : The Debtor is allowed to withdraw a certain amount on a given security. Discounting Bill of Exchange : It is another method of making advances by the banks.
Axis Bank employees have highest profit per employee. Sometimes banks also undertake income tax services on behalf of the customers.
In the Interbank market it enables bank to make adjustment according to their liquidity requirements. Higher ratio of advances of bank deposits assets is preferred to a lower one. Later it decreased due to more working capital funds.
The ratio is consistently increasing for Axis bank and Bank of Baroda for the five years. It is also asses on the development of interest rate of a bank. A Agency Functions Banks act as agents to their customers in different ways :- i Collection and Payment of Credit and Other Instruments: The Commercial banks collect and pay cheques, bills of exchange, promissory notes, hundies, rent, interest etc.
Overdraft Facilities : Customers of good trading are allowed to overdraw from their current account.
Loans and advances usually symbolize the largest asset of most of the banks. They are generally issued free of charge. Private Banks like Kotak Mahidra bank had less debt to equity ratio mainly because the bank raises equity capital more than debt.