The Role of Commercial Banks in the Economy.
Mobile banking (also known as M-Banking, mbanking, SMS Banking) is a term used for performing account transactions, payments, credit applications and other banking transactions through a mobile device such as a mobile phone or Personal Digital.Banks and financial institutions enable their customers to pay others. Customers are given checks, both paper and electronic, and other payment tools, such as debit cards.Banks also face a number of risks atypical of non financial companies due to the payment and intermediary function which they perform. Recent changes in the banking environment has lead to an increased pressure to maximise shareholder value, this means that banks take on a higher risk in order to gain a higher return.
The main objective of payments bank is to widen the spread of payment and financial services to small business, low-income households, migrant labour workforce in secured technology-driven environment. With payments banks, RBI seeks to increase the penetration level of financial services to the remote areas of the country.The central bank in a developing economy performs both traditional and non-traditional functions. The principal traditional functions performed by it are the monopoly of note issue, banker to the government, bankers’ bank, lender of the last resort, controller of credit and maintaining stable exchange rate.
The Role of Factoring for Financing Small and Medium Enterprises Leora Klapper The World Bank Abstract: Factoring is explicitly linked to the value of a supplier’s accounts receivable and receivables are sold, rather than collateralized, and factored receivables are not part of the estate of a bankrupt firm.
