Question

discuss the function of commercial bank

Answer 1

Refers to one of the important functions of commercial banks. The public deposits are used by commercial banks for the purpose of granting loans to individuals and businesses. Commercial banks grant loans in the form of overdraft, cash credit, and discounting bills of exchange

Answer 2

commercial bank is profit based finical institution that grant loans,accept the deposit and offer other financial services such as overdraft facilities and electronic transfer of funds