How Banks Earn Money? | Net Interest Income (NII) Explained | FinShort#66

How does every bank pay interest on savings ?

Explain the process of money creation by commerical banks, giving a numerical example. OR How do commerical banks create deospite ? Explain OR Explain the credit creation role of commercial banks with the help of a numerical example. OR Explain money creation function of commericial banks.

The rate of interest on which commercial banks borrow money from RBI to meet their short term credit needs is known as: