RUNNING HEAD : Innovation and Technology The Effect of novel development in innovation and technology on the advantageousness and practices of Commercial BanksNameCourseDateTutor1 .0 IntroductionCommercial banks have a very beta theatrical role to play in frugal development . These banks are monetary institutions that accept deposits , offer business loans and run related to the deposits and the loans . By offering banking services to the customers , commercial messageized banks are able to convey deposits and give loans to businesses (Fraser et al , 2000 . In the contemporary society , commercial banking is also referred to as business banking .Commercial banks primary objective is to hand profits and this has made development that occurs in both domestic help and global market to influence the banks profitability and anxiety practices . Since the involution of commercial banks in various activities aim at change magnitude their profitability , commercial banks need to be highly competitive in the market .
To maintain high levels of profitability , the services offered to the customers and the practices undertaken in commercial banks should be satisfactory to the customersThe profitability of commercial banks relies on the overall stability of the sparing environment in a given country . A stable economic environment leads to an increase in profitability due to economic growth , sound investment decisions and growth and growth in savings The central bank plays a very important role in the profitability of commercial banks and recommends that to achieve profitability , a banking institution should ensure that there is good management . The ability of a...If you want to get a full essay, show it on our website:
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