Business Studies, asked by shettigar, 1 year ago

functions of commercial banks

Answers

Answered by mohduzairali16

they accept our money as deposits
they provide loan to needy borrower
they discount bill of exchange

mohduzairali16: They also transfer money from one bank to other bank

shettigar: so can you please say me more

mohduzairali16: So u have to write eight point

shettigar: yeah or 10 points if you know

mohduzairali16: ok 5 points I have given .I m sending more 5 points

shettigar: ok

mohduzairali16: 1-BANKS ALSO DEALS IN FOREIGN EXCHANGE LIKE EXIM BANK 2- BANKS ALSO TRANSFER OUR FUND TO OTHER BANKS BY NEFT NATIONAL ELECTRONIC FUND TRANSFER, CHEQUES 3-BANKS ALSO PROVIDE CREDIT ASSISTANCE TO INDUSTRY BUSINESS OR INDIVIDUAL 4 BANKS ALSO MAKE BANK DRAFT FOR GOVT INSTITUTUIN 5 - MODERN BANKS ALSO PAY EMI INSURANCE PREMIUM

shettigar: thanks a lot

mohduzairali16: it is my duty

Ghoshda: Are bhai. Tera bahut bahut shukriya.

Answered by abhianiketh

Provide loans

Accept deposits

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