Describe the services of a commercial bank to the business community.

1 year ago
Banking

A commercial bank performs the following services to business community.

(a) Issue of letter of credit, traveller’s cheque and circular notes.

(b) Supply of trade information.

(c) Acting as a reforce as regards financial status of customers.

(d) Safe custody of important documents in safe deposits vaults (lockers) available on hire.

Susmita Sah
Jan 16, 2022
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