Question

List the general utility services of commercial bank also describe them.

Answer 1

Primary Functions of Commercial Banks

Accepting Deposits. Commercial banks accept deposits from people, businesses, and other entities in the form of: ...

Lending of Funds. Another important activity is lending funds to customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.

Answer 2

Accepting Deposits. Commercial banks accept deposits from people, businesses, and other entities in the form of: ...Lending of Funds. Another important activity is lending funds to customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.

Commercial Banks: It's Functions and Types – Explained! ... A commercial bank is a profit-based financial institution that grants loans, accepts deposits, and offers other financial services, such as overdraft facilities and electronic transfer of funds.