Social Sciences, asked by ruchimittal54, 6 months ago

Explain types and functions of Banks in detail.

Answers

Answered by purvarajiwade

Functions of Commercial Banks

Banks provide the loans only on the basis of the amount deposited by the public. Banks lend money and get interested in them. They get funds for lending through deposits in current, savings accounts. Banks pay interest on deposits according to the rates decided by RBI.

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