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Question
Explain the secondary functions of commercial banks.
Explain the secondary functions of commercial banks.
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Solution
Following are secondary functions of Commercial Banks.
(a) Promotion of cheque facility and credit creation.
(b) Underwriting services to the companies issuing their shares and debentures in the capital market.
(c) Payment of premium, collection of dividend, on behalf of their customers.
Following are secondary functions of Commercial Banks.
(a) Promotion of cheque facility and credit creation.
(b) Underwriting services to the companies issuing their shares and debentures in the capital market.
(c) Payment of premium, collection of dividend, on behalf of their customers.
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