Question

Write the Functions of bank

Answer 1

banks r profit making institution.
major function of the bank accepting deposits from the public and advancing them loans.

hope this is enough

Answer 2

Answer:

The 'basic functions of banks' are:

1. Accepting Deposits

2. Agency functions

3. General utility functions

4. Granting of 'loans and Advances'

5. Payments

Explanation:

1. The 'primary functions of a bank' are accepting deposits, granting loans, cash, credit etc.

2. The secondary functions of a bank are issuing a 'letter of credit', providing educational loans, providing consumer finance etc.

3. They should provide loans at lower interest.

4. They should follow norms as per the 'Reserve Bank of India'.