Question

What are the Functions Of Banking

Answer 1

Answer:

Functions of Commercial Banks: - 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.

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Answer 2

Answer:

The functions of banking are :

1.) Accepting Deposits.

2.)Granting of Loans and Advances.

3.) General Utility Functions.

4.)Agency Functions.