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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).
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What are the functions of marchant bank?
A merchant bank is a bank which does commercial lending and business banking services, leasing and factoring for example
What are functions of central bank India?
to provide loan to customers and other commercial banks. to check the functioning of commercial banks.
What is ordinary commercial bank?
ordinary commercial bank
What are differences between commercial bank and non bank financial institution?
difference between non bank and commercial bank?
Is reserve bank of India a commercial bank?
No. Reserve Bank of India is the central bank of India. It is not a regular commercial bank. It supervises and regulates the working and operations of all commercial banks in India. It has been in existence since the British Rule in India.
What are the functions of commercial banks in Kenya other than the normal banking functions?
functions of kenya commercial bank
What are the functions of commercial bank of Pakistan?
to take money
What are the functions of marchant bank?
A merchant bank is a bank which does commercial lending and business banking services, leasing and factoring for example
What are functions of central bank India?
to provide loan to customers and other commercial banks. to check the functioning of commercial banks.
Primary functions of commercial bank?
Accepting deposits,advances of loan ,credit creation
Where is the Head office of state bank of patiala?
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
What has the author Arthur Dorman Welton written?
Arthur Dorman Welton has written: 'The making of a modern bank' -- subject(s): Chicago Continental and Commercial National Bank, Chicago Continental and commercial banks, Chicago Continental and commercial safe deposit company, Chicago Continental and commercial securities company, Chicago Continental and commercial trust and savings bank
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.
The main functions of the National Bank of Ethiopia?
To license & supervise banks & hold commercial banks reserves & lend money to them.
What is ordinary commercial bank?
ordinary commercial bank
Differences between functions of the central bank and commercial bank?
central bank does not accept deposit from customers whiles commercial bank does. central bank is responsible for issuing of currencies whiles commercial bank does not. central bank is accountable to the government whiles commercial bank is accountable to the share holders. central bank is not set up for profit but commercial bank is set up for profit. central bank is governed by an act of parliament whiles commercial bank is set up by an incorporation. central bank formulate monetary policies whiles commercial bank does not.
What is expanded commercial banks or universal banks?
Expanded commercial banks are banks whose authority include, in addition to commercial banking power, the authority to exercise the powers of investment houses, the authority to invest in the equity of non-allied undertakings and to own up to 100% of the equity of a financial intermediary other than a commercial bank or a bank authorized to provide commercial banking services.
