Explain the role and Function’s of modern Banking in india.
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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.
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The Central Bank, RBI in India, acts asthe government banker and issues currency notes in the country. It also acts as the banker's bank. ... Functionsof Commercial Banks: - Primaryfunctions include accepting deposits, granting loans, advances, cash, credit, overdraft and discounting of bills.
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