Question

Reference of various function performed by commercial banks

Answer 1

Hi there,
As we know the general role of commercial banks is to provide financial services to general public and business and companies, ensuring economic and social stability and sustainable growth of the economy. In this respect, "credit creation" is the most significant function of commercial banks...
there are various funtions perform by commercial banks are like ;;

1.They ensures the credit system of the country.
2.The public deposits are used by commercial banks for the purpose of granting loans to individuals and businesses..
3.Secondary Functions: Refer to crucialfunctions of commercial banks...
4.If we talk about role of commercial banks then is to provide finicial services to general public..
5. In this respect, "credit creation" is the most significant function of commercial banks...

hope this references will help you..
thank you