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Asian Journal of Research in Business Economics and Management
Year : 2022, Volume : 12, Issue : 4
First page : ( 112) Last page : ( 115)
Online ISSN : 2249-7307.
Article DOI : 10.5958/2249-7307.2022.00042.1

The role of commercial banks and their operations in the modern economy

Meylievich Nazarov Sardor*

*Researcher of Master of Business Administration, State University of Management, Russia, Email id: s.nazarov.1993@mail.ru

Online Published on 25 May, 2022.

Abstract

The article shows the Commercial banks are an integral part of the modern monetary economy, their activities are closely related to the needs of reproduction. They are at the center of economic life, serve the interests of producers, linking industry and trade, agriculture and the population with the cash flow. All over the world, banks wield considerable power and influence; they dispose of huge money capital, which comes to them from enterprises and firms, from merchants and farmers, from the state and individuals. Thus, the necessity and importance of banking structures both for business and for the country's economy as a whole is obvious. Commercial banks should be considered from the point of view of microeconomics as market agents acting primarily from the point of view of their own interests.

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Keywords

Inflation, Banking System, Transaction Economy, Improving.

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