Other Functions of Bank

Other Functions of bank :
–Remittance of Funds
–Collection and Payment of Credit Instruments
–Execution of Standing Orders
–Purchasing and Sale of Securities
–Collection of Dividends on Shares
–Income Tax Consultancy
–Acting as Trustee and Executor
–Acting as Representative and Correspondent
–Locker Facility
–Traveller’s Cheques
–Letter of Credit
–Collection of Statistics
–Underwriting Securities
–Gift Cheques
–Acting as Referee
–Foreign Exchange Business
–Banks are also permitted to perform following Para Banking Activities :
–Mutual Fund Business
–Money Market Mutual Funds
–Cheque Writing Facility for Investors of Mutual Funds/Money Market Mutual Funds
–Primary Dealership Business
–Underwriting Activities
–Equipment Leasing, Hire Purchase Business and Factoring Services
–Investment in Venture Capital Funds
–Sponsors to Infrastructure Debt Funds
–Insurance Business
–Pension Fund Management
–Referral Services
–Trading on/Membership of SEBI approved Stock Exchanges
–Portfolio Management Services

Accounting & Finance for Banking

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Accounting and Finance for Banking Module A Pdf

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Accounting and Finance for Banking Module A Pdf

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Accounting and finance for bankers all ePDFs are available in our an app. Get them all at https://iibf.info/app
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