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One Comment on “WHY COMMERCIAL BANK AND FINANCE COMPANY NEED TO COMBINE?”

1. 
   1 sastry_kvkunapuli said at 12:43 am on November 17th, 2009:

   there is no reason why a commercial bank and finance company combine for the following reasons;
   a commercial bank works under the overall supervision of an organ of the goverment like reserve bank of india.the common goal of all commercial banks is to provide banking services to the enterprise in the country so that economy remains vibrant.
   the working norms,credit aspects and lending rates are closely supervised by a central govt owned agency like reserve bank of india.
   on the other hand a finance company has a limited role and generally confines its activities by serving a few.they work under the supervision of their owners like partners or board as the case may be.
   the only common feature in both is that providing finance!
   except this they are poles apart!