Question

what are the function of bank​

Answer 1

Answer:

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.

• Issuing letters of credit, traveller's cheque, etc.
• Undertaking safe custody of valuables, important documents and securities by providing safe deposit vaults or lockers.
• Providing customers with facilities of foreign exchange dealings.
• Underwriting of shares and debentures.

Answer 2

Explanation:

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