Functions Of banks??
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- Accepting Deposits. The bank collects deposits from the public. .
- Granting of Loans and Advances. The bank advances loans to the business community and other members of the public
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Functions of Commercial Banks: - Primary functions include accepting deposits, granting loans, advances, cash, credit, overdraft and discounting of bills. - Secondary functions include issuing letter of credit, undertaking safe custody of valuables, providing consumer finance, educational loans, etc.
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