Explain the subsidiary functions of commercial Bank.
Answers
Answered by
1
Answer:
commercial bank is a kind of financial institution which carries all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, etc. These banks are profit-making institutions and do business only to make a profit
Top 5 Functions Performed by Commercial Banks– Discussed!
(a) Accepting Deposits:
(b) Advancing Loans:
(c) Discounting Bills of Exchange or Hundies:
(d) Transfer of Money:
(e) Miscellaneous Functions:
Commercial banks offer loans, deposits, savings accounts, etc. to their customers.
...
Credit creation.
Investment of funds.
Discounting bills of exchange.
Offering overdraft facilities.
Agency functions.
Offering the locker facility.
Dealing in foreign exchange.
Exchanging securities.
Similar questions