Question

1. वाणिज्यिक बैंक किसे कहते हैं? इसके मुख्य कार्यों की संक्षेप में व्याख्या कीजिए।
What is a commercial bank? Explain in brief its main functions.​

Answer 1

Commercial banks are authorized to provide a variety of financial services which includes loans, savings accounts, etc. In this article, we will talk about various functions that a commercial bank performs.

The primary functions of a commercial bank are accepting deposits and also lending funds. Deposits are savings, current, or time deposits. Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.