Functions of Commercial banks in India

Functions of Commercial banks in India 

Commercial Banks like State Bank of India play a lot of important roles and functions as explained below.

I. Primary / Banking Functions :-

Commercial banks have two important banking functions. One is accepting deposits and other is advancing loans.

• 1.1 Deposits :-

One of the main function of a bank is to accept deposits from the public. Deposits are accepted by the banks in various forms.

Functions of Central Bank (Reserve Bank of India)

Functions of Central Bank (Reserve Bank of India)

Central bank of a country is the primary bank of the country. It works as the most important institution in the financial system of the economy. In India,Reserve Bank of India plays the role of Central Bank's role.

The main functions of Central Bank of any country are:

Functions of Central Bank.     Downloaded from Inspire Academy