Question

explain the functions of commercial bank

Answer 1

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 and credit and discounting bills of exchange.

Answer 2

The main functions of commercial banks are accepting deposits from the public and advancing them loans.

However, besides these functions there are many other functions which these banks perform. All these functions can be divided under the following heads:

1. Accepting deposits

2. Giving loans

3. Overdraft

4. Discounting of Bills of Exchange

5. Investment of Funds

6. Agency Functions

7. Miscellaneous Functions

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