define bank also explain the functions of commercial bank and Reserve Bank
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function of commercial bank is purchase of granting loans to infividual and businesses .
function of reserve bank is overseng monetary police ,issuing currency managing foreign currency.
bank mean primary functions include accepting deposits and lending money
may be its helpful for you
function of reserve bank is overseng monetary police ,issuing currency managing foreign currency.
bank mean primary functions include accepting deposits and lending money
may be its helpful for you
Answered by
6
Hey,
bank is an institution who deposits our money n provide loans.
The main function of commercial bank is credit creation, to facilities overdraft, to provide credit for individual, business purposes n farmers also , discounting the bills, to issues credit like cheque, draft, exchange bill, hundi etc.
The main function of rbi is :
# credit control
#issuing Currency
bank is an institution who deposits our money n provide loans.
The main function of commercial bank is credit creation, to facilities overdraft, to provide credit for individual, business purposes n farmers also , discounting the bills, to issues credit like cheque, draft, exchange bill, hundi etc.
The main function of rbi is :
# credit control
#issuing Currency
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