Credit creation. • Investment of funds. • Discounting bills of exchange. • Offering overdraft facilities. • Agency functions. • Offering the locker facility. • ...

6 июн. 2024 г. · 2. Provision of Finance and Credit: Commercial banks play an essential role as a source of finance and credit for industry and trade. These ...

The main purpose of commercial banks is to provide financial services to the general public and also provide loan facilities to the business.

25 февр. 2020 г. · Acts as Correspondent: -The commercial banks act as a correspondent of their customers. The small bank even get travel tickets, book vehicles, ...

Answer: The secondary functions of a commercial bank are acting as an agent to its customers and also providing general utility services.

- Secondary functions include issuing letter of credit, undertaking safe custody of valuables, providing consumer finance, educational loans, etc.

25 янв. 2023 г. · 1. Periodic Collections and Payments: Commercial bank collects salary, dividends, interests, and any other income periodically as well as makes ...

The secondary functions of a commercial bank are as follows: Bank as an Agent, A bank acts as an agent to its customers for various services.

f). Collecting and supplying business information; g). Issuing demand drafts and pay orders; and, h). Providing reports on the credit worthiness of customers.