What are the main functions of the commercial bank?
The main functions of the commercial bank include accepting deposits and giving loans and advances to the customers. Accepting deposits is the most important function of the commercial or for that matter any other bank. There is no other way the banks can do their business. They, therefore, mobilize deposits from the general public and give them interest on the deposits. The public, in turn, benefits in two ways. They keep their money secure from theft and they earn interest as well. A higher rate of interest motivates the public to invest more with the banks. These banks offer a wide range of services including personal finance, business finance, wealth management and commercial services.
