what are the public deposit
what do you mean by discounting of bills of exchange
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2).Discount of trade bills is short-term financing granted by the Bank. The Bank purchases trade bill before its payment term at a price less the amount of discount interest. ... After repayment of the bill by counterparty, the available limit is released.
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Public deposits refer to the unsecured deposits invited by companies from the public mainly to finance working capital needs
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