Commercial Bank will carefully analyze and consider 7 factors before sanctioning loans to its customers.
Rights of general lien in the most important of the rights of a banker over this customer that the banker can enjoy.
The relationship between banker and Customer are categorized into three; relationship as debtor and creditor, banker as a trustee and banker as an agent.
Relationship between a banker and his customer differs from similar relationship arising out of ordinary commercial debt.
Bank uses documentary records for keeping account of deposits and withdrawals as per necessity of the depositors.
There are seven reasons why Depositors Book and Bank Statement Differs in Balance.
Bank / Banker is under an obligation to take utmost care in keeping secrecy about the account of his customers.
Modern commercial banks acts as Agents, Trustees, Executors, and Administrators for its Customers.
Unit banking of a particular locality utilizes its resources for the development of its own locality only and does not transfer them to other localities like branch banking.
Bank Credit is the aggregated amount financial institutions are willing and able to offer as loan or advance to an individual or organization.