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What are the functions of commercialbank

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What are the functions of commercialbank

Posted by Shikha Ray 6 years, 11 months ago

CBSE > Class 12 > Economics

3 answers

Harvinder Ahlawat 6 years, 11 months ago

Accepting deposits and advancing loans

Khushi Jain 6 years, 11 months ago

There are two types of function 1 primary 2 secondary priamary functions are accepting deposits and granting loans these are the function which are mainly performed by every commercial bank . Some of the secondary functions which are also performed by the commercial bank are- overdraft facility,bills of exchange,agency functions,general utility functions.

Jayakrishna Menon 6 years, 11 months ago

1. Credit creation. 2. Gdp growth. 3. Except deposit and offer loan to the public.

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