Agency Services Of Commercial Bank. Agency services or agency functions of commercial banks are elaborated in detail below 1. Earlier we have learned about the primary functions of commercial banks now we will know about the agency functions of commercial banks.
Besides agency services commercial banks perform many general utility services also. Agency services or agency functions of commercial banks are elaborated in detail below 1. On behalf of its customers and credit the amount in their account is one of the most important agency services rendered by the banks.
Commercial banks generally provide a number of services to its clients these can be split into core banking.
A commercial bank is a monetary institution which serves the interests of its depositors by providing security to the deposits of money and on the other hand makes profits by investing such deposits in the protective measures by extending loans. Collection of cheques dividends interests etc. Along with that it provides a range of financial services to the general public such as accepting deposits granting loans and advances to the customers. This is done in the form of checking and savings accounts as well as mortgage loans.
