Borrowing money is their cup of tea and their signature. If you have never borrowed money, you will never lend money. And cant lend it if you don’t have it.
A bank is a broker between the poor and the rich. The only place where the two meet is in a bank. The poor brings the money and the rich takes it.
A poor person saves the money because they have more money than their thinking capacity. So they keep the money there so they can go and think what to do with it…
Rich people come to pick that money because they have many ideas than the money they have. So they come to pick that money to go implement those great ideas. Only poor people operate savings and fixed deposit accounts.
Fixed deposit accounts are for the living dead. People who undertake and commit that they will not think about any idea for that money until the expiry of that period of time, and that if they end up thinking and want that money, then they will be penalized.
Rich people operate current accounts. Therefore, a bank exists purposely for TWO reasons:
A) For the poor to bring in the money
B) For the rich to come and take it away
Banks make more money from borrowers than savers. Hence they respect the former.