Question

Explain the functions of the 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.

Answer 2

Hello.....
The primary functions of commercial banks

Accepting Deposit : The main function of commercial banks is to accept deposits from public

Current deposit
fixed deposit
saving deposit and
giving loans

are the functions of commercial banks


Hope will help u....