Explain Different Functions of Commercial Banks
Commercial banking is the most significant portion of modern banking system. Individuals and companies can deposit money with a bank by opening an account. Central Bank Vs Commercial Bank Difference And Comparison The Investors Book Banks provide safety vaults and lockers to their customers for safe custody of their valuable articles and documents. . Credit creation done by banks is the basis of economic development of a modern capitalist society. Time deposits The bank accepts deposits for a. Under this scheme a safe is supplied to the depositor to keep it at home and to put his small savings in it. They are Collecting dividends in the name of customers. They render many valuable services. Notes on Commercial Banks and Credit Creation Short notes on Manner of Raising Deposits in. It is the most important function of commercial banks when a bank provides loan to customer it does not provide cash but instea...