UNIT 2 – LENDING FUNCTIONS OF A BANK
2.1. Types of Advances- Secured & Unsecured
2.2. Loans: Short, Medium and Long Term
2.3. Methods of Granting Advances
A Bank is a financial institution / financial intermediary that accepts deposits and channels
those deposits into lending activities. It is done either directly by lending to the needy
borrowers or indirectly by investing is the capital markets instruments. Thus a bank
intermediates between customers who have surpluses of funds and customers who need funds.
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