What are the basic function of …
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Yogita Ingle 6 years, 6 months ago
Functions of Commercial Banks
(i) Acceptance of deposits (chequeable and non-chequeable)
(ii) Advancement of loans
(iii) Credit creation
(iv) Transfer of funds
(v) Overdraft facility
(vi) Discounting bills of exchange
(vii) Agency functions i.e. fund transfer, fund collecton, etc.
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