Asked in Economics
What are the primary functions of bank?
November 26, 2008 2:28PM
A bank's main function is to act as a intermediary.
1. Bank is accepting deposits from people or other institutions
2. Bank is offering loans
4. Acting as a truster
5. Keeping valuables in safe custody
6. Government business
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State Bank of Patiala is a subsidiary bank of State Bank of India. State Bank of Patiala (SBP), originally named Patiala State Bank, was founded on 17 November 1917. SBP was founded by Maharaja Bhupinder Singh, Maharaja of the princely state of Patiala of Undivided India. The functions of the Bank included the normal functions of commercial banks, as also some functions similar to functions of a central bank for the princely state of Patiala
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