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Functioning of bank

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Functioning of bank

Posted by Medhini Gs Medhini Gs 6 years, 9 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 6 years, 9 months ago

The main functions of commercial banks are accepting deposits from the public and advancing them loans.
However, besides these functions there are many other functions which these banks perform. All these functions can be divided under the following heads:
Accepting deposits
Giving loans
Overdraft
Discounting of Bills of Exchange
Investment of Funds
Agency Functions
Miscellaneous Functions.

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