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A modern commercial bank provides the following facilities to its customers:
1. ATM/Debit card facilites for accout holders.
2. Credit card facilities.
3. Telebanking.
4. Net banking.
5. Electronic Real Time funfs transfer through RTGS/NEFT system.
6. Mobile banking.
7. Anywhwere, Anytime Banking.
8. CORE Banking solutions.
9. Bancassurace.
10. Clearing of cheques through Cheque Truncation System, where electronic image of physical form of cheques are transferred and payment settled.
M.J.SUBRAMANYAM, XCHANGING CO, BANGALORE.
Wiki User
∙ 11y ago
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What are functions of central bank India?
to provide loan to customers and other commercial banks. to check the functioning of commercial banks.
What are the modern functions of commercial bank?
What are Modern Functions of Commercial Banks? The following are the modern functions of a commercial bank: 1. Telebanking. 2. Issue of Debit and Credit Cards. 3. Net banking. 4. Sellling of Insurance products (Bancassurance) 5. Providing ATM facility. 6. SMS Alerts. 7. Rail/Air Ticket Reservation. 8. Electronic transfer of Funds. (NEFT,RTGS).
What is the difference between the commercial banks and micro finance banks?
The difference between the commercial banks and micro finance banks is in their functions and ability. The main difference is in the lending limits with micro finance banks having lower limits.
What do the national commercial banks do?
Modern commercial banks provide both individual and corporate customers with an increasing number of financial services. Recent innovations in this industry include the introduction of credit cards, accounting services for corporate firms.
Commercial banks and their relationship with the reserve bank?
we take/borrow money from the commercial banks and the commercial banks take/borrow money from the reserve bank
What are the functions of commercial banks in Kenya other than the normal banking functions?
functions of kenya commercial bank
What are functions of central bank India?
to provide loan to customers and other commercial banks. to check the functioning of commercial banks.
What are the modern functions of commercial bank?
What are Modern Functions of Commercial Banks? The following are the modern functions of a commercial bank: 1. Telebanking. 2. Issue of Debit and Credit Cards. 3. Net banking. 4. Sellling of Insurance products (Bancassurance) 5. Providing ATM facility. 6. SMS Alerts. 7. Rail/Air Ticket Reservation. 8. Electronic transfer of Funds. (NEFT,RTGS).
What is the difference between the commercial banks and micro finance banks?
The difference between the commercial banks and micro finance banks is in their functions and ability. The main difference is in the lending limits with micro finance banks having lower limits.
The main functions of the National Bank of Ethiopia?
To license & supervise banks & hold commercial banks reserves & lend money to them.
What is expanded commercial banks or universal banks?
An expanded commercial bank is a type of financial institution that goes beyond the traditional functions of a regular commercial bank. While commercial banks primarily handle transactions such as deposits, checking account services, and loans for individuals and businesses, expanded commercial banks have additional capabilities. These extended functions allow them to offer a broader range of services to their customers.
What are the classification of banks?
Banks can be broadly classified into many categories based on the functions they perform and based on the services they offer. Some of the types of banks are: 1. Commercial/Retail Banks 2. Private Banks 3. Investment Banks 4. Rural Banks 5. Co-operative Banks 6. Industrial Banks 7. Etc.
How many scheduled commercial banks in Bangladesh?
Total number of private commercial banks is 36 including 8 Islamic commercial banks. And there are 9 foreign commercial banks in Bangladesh.
What do the national commercial banks do?
Modern commercial banks provide both individual and corporate customers with an increasing number of financial services. Recent innovations in this industry include the introduction of credit cards, accounting services for corporate firms.
Functions of universal banking?
Universal banks are able to take on a large number of functions because they are both a commercial bank and investment bank. Additionally, universal banks provide other financial services such as accounting, insurance, fund investment, and issuing of credit cards.
Commercial banks and their relationship with the reserve bank?
we take/borrow money from the commercial banks and the commercial banks take/borrow money from the reserve bank
How does the economy affect banks?
Commercial banks - NO. National banks - YES.
