Economy, asked by gotitushar600, 2 months ago

Explain importent functions of commerical banks

Answers

Answered by InstaPrince
2

Required Answer:

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.

Answered by GιяℓуSσυℓ
1

Answer:

Accepting Deposits – Commercial banks accept deposits from their customers in the form of saving, fixed, and current deposits. ...

Providing Loans – One of the main functions of commercial banks is providing credit to organisations and individuals, and profit from the earned interest.

Similar questions