Other functions performed by a Commercial Bank includes, the provision of safety vaults or lockers to keep valuable articles of customers in safe custody, acting as an agent for its customers to buy and self goods and silver securities on their behalf, making and receiving payments on behalf of its depositors and issuing letters of credit, travellers cheques for the convenience of its customers and, and in general, performing all functions which will bring in profits.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment