modern funtions of commercial bank
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The primary functions of a commercial bank are accepting deposits and also lending funds. Deposits are savings, current, or time deposits. Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.
A bank is an institution, usually incorporated, whose business is to receive money on deposit, cash, cheques or drafts, discount commercial paper, make loans and issue promissory notes payable to bearer known as banknotes.
A bank is an institution, usually incorporated, whose business is to receive money on deposit, cash, cheques or drafts, discount commercial paper, make loans and issue promissory notes payable to bearer known as banknotes. A commercial bank is a monetary institution which serves the interests of its depositors by providing security to the deposits of money and on the other hand, makes profits by investing such deposits in the protective measures by extending loans. Commercial banks are the most common and important type of banking institutions.
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