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  • Functions and Operations-F

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    Satish Annaldas
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    Commercial banks are a group of commercial banks based in delhi, india. They offer a wide range of products and services to their customers. The banks are regulated by the central bank of india (cbi)

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    functions and operations-F

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    Commercial banks are a group of commercial banks based in delhi, india. They offer a wide range of products and services to their customers. The banks are regulated by the central bank of india (cbi)

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    4 views2 pages

    Functions and Operations-F

    Uploaded by

    Satish Annaldas
    Commercial banks are a group of commercial banks based in delhi, india. They offer a wide range of products and services to their customers. The banks are regulated by the central bank of india (cbi)

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Functions of Commercial banks

    FUNCTIONS

    ACCEPTING DEPOSITS

    LENDING

    MISC SERVICES

    NEW SERVICES

    Demand -SB -CD Term -S.I. -C.I. -Recurring -CDs

    Cash Credits Bills Purchase Loans-Demand -Term Loans Overdrafts Non-Funded debt -Bk. Guarantee -Letter of credit -Bills acceptance

    Bills collection Remittances Safe Lockers Safe custody

    Card Products Bancassurance Mutual funds Advisory services Trusteeship Merchant Banking

    Branch Operations
    ‡ Based on System of Vouchers-Dr. and Cr.
    ± Care! All deposits are liabilities ± All advances are assets ± Contra entries for collections,LC.BG etc

    ‡ Subsidiary and General Ledgers ‡ GLB is the daily Balance Sheet. ‡ Vouchers are of 3 typesCASH CLEARING TRANSFER ‡ Cash Book drawn on 3 column as above ‡ Surplus Cash remitted to H.O.

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