Question

EXPLAIN THE FUNCTION OF COMMERCIAL BANKS .!!!!!^_^

Answer 1

. The public deposits are used bycommercial 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.
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Answer 2

Explanation:

Functions of commercial banks are:-

Accepting Deposits. Commercial banks accept deposits from people, businesses, and other entities in the form of: ...

Lending of Funds. Another important activity is lending funds to customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.