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One of the essential functions that a bank performs is that of?
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∙ 12y ago
Transferring money from savers to spenders
Wiki User
∙ 12y ago
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What term is used when the bank has only one office and it performs all its activities through that one branch?
umbrella banking
What are the functions of sbi bank?
The State Bank of India acts as an agent of the ReserveBank of India and performs the following functions: (1) Borrows money: The Bank borrows money from the public by accepting deposits such as current account deposits, fixed deposits and savings deposits. (2) Lends money: It lends money to merchants and manufacturers for short periods. It also lends to farmers and co-operative institutions. It lends mostly on the security of easily realizable commodities like rice, wheat, cotton, oil-seeds, cloth, gold and government securities. The Bank can lend against agricultural bills up to a maximum period of fifteen months and in case of other bills up to a maximum period of six months. (3) Banker's Bank: The State Bank of India acts as the banker's bank. In discharging this responsibility, the bank provides loans to commercial bank when required and also rediscount their bill. It also acts as the clearing house of the commercial bank. (4) Government's Bank: The State Bank of India also acts as the agent of the Reserve Bank of India. As an agent, the State Bank of India maintains the treasuries of the State Government. The Bank also manages the debts floated by the State Governments. (5) Remittance: The State Bank of India facilitates remittance of money from one place to another. It also helps in the transfer on the funds of the State and Central Government. (6) Functions as Central Bank: The State Bank of India performs the functions of a Central Bank. (7) Subsidiary functions: The State Bank performs various subsidiary services also. It collects checks, drafts, bill of exchange, dividends interest, salaries and pensions on behalf of its customers. It purchases and sells securities on behalf of its customer. It receives valuables and documents for safe custody and maintains safe deposit vaults.
What are functions of axis bank?
Axis bank is one of India's largest and leading private banks. They provide the following services:Savings accountsChecking accountsFixed DepositsHome LoansPersonal and Auto loansCredit Cardsetc
A typical organization structure of a bank?
The typical organization structure of a bank starts off with one top executive, then followed by other senior members. Some banks are separated by many functions throughout the bank. Others become very complex in the structures.
Functions of exchange bank?
most of the time the commercial bank is the only one who exercises exchange function that dont have those rural banks,cooperative banks and etc.Commercial bank also is one who is qualify for applying for universal bank because it has alot of function aside from exchange function but they have also loan discount function ,collection,fiduciary and trust function.
Which is A state which performs functions aimed at the welfare of the people?
a one word for the stste which performs functions aimed at the welfare of the people
What term is used when the bank has only one office and it performs all its activities through that one branch?
umbrella banking
What are the functions of an HP PSC 1410?
The HP PSC 1410 is an ultra-compact all-in-one printer from Hewlett Packard. It performs the functions of a scanner, printer and copier in one space saving device.
What are the functions of sbi bank?
The State Bank of India acts as an agent of the ReserveBank of India and performs the following functions: (1) Borrows money: The Bank borrows money from the public by accepting deposits such as current account deposits, fixed deposits and savings deposits. (2) Lends money: It lends money to merchants and manufacturers for short periods. It also lends to farmers and co-operative institutions. It lends mostly on the security of easily realizable commodities like rice, wheat, cotton, oil-seeds, cloth, gold and government securities. The Bank can lend against agricultural bills up to a maximum period of fifteen months and in case of other bills up to a maximum period of six months. (3) Banker's Bank: The State Bank of India acts as the banker's bank. In discharging this responsibility, the bank provides loans to commercial bank when required and also rediscount their bill. It also acts as the clearing house of the commercial bank. (4) Government's Bank: The State Bank of India also acts as the agent of the Reserve Bank of India. As an agent, the State Bank of India maintains the treasuries of the State Government. The Bank also manages the debts floated by the State Governments. (5) Remittance: The State Bank of India facilitates remittance of money from one place to another. It also helps in the transfer on the funds of the State and Central Government. (6) Functions as Central Bank: The State Bank of India performs the functions of a Central Bank. (7) Subsidiary functions: The State Bank performs various subsidiary services also. It collects checks, drafts, bill of exchange, dividends interest, salaries and pensions on behalf of its customers. It purchases and sells securities on behalf of its customer. It receives valuables and documents for safe custody and maintains safe deposit vaults.
Functions of the world bank?
One of the functions of the world bank includes granting reconstruction loans to the war devastated countries. The other function is granting development loans to the underdeveloped countries.
Who performs with Kesha?
No one.. she performs alone
What is an advocate of law?
A professional person that performs different legal functions is known as an advocate of law. An advocate is the one who plead the cause of his client in a court of law.
Eukaryotes have specialized parts that performs specific functions. what are these specialized parts called?
They are called organelles.
How can one sign up to services of the Arab Bank?
One can sign up to the services of the Arab Bank by visiting their official website and clicking on the 'Join' link. One can then use their internet banking functions.
Name1 of the 3 food functions that nutrains perform?
One of the primary functions of nutrients in food is to provide the human body with energy. Protein, an essential nutrient, builds and repairs body tissue.
What are the Functions of the philtrust bank?
Philtrust Bank, formally known as the Philippine Trust Company, is one of the oldest private commercial banks in the Philippines. They specialize in finance and insurance.
What does essential mean in nutrition?
'Essential' is a specific term used in regard to Nutrition which means that the item mentioned as essential is important for the body and without it the body ma not be able to carry out any one or more of the vital functions needed for proper functioning of the body.
