The Effectiveness of Information Technology on Banking Services Delivery

The Effectiveness of Information Technology on Banking Services Delivery

The Commercial Banks perform the following functions as thus.

  • Acceptance Deposit: From the entire public to individuals, corporate bodies, government on their agencies; and maintaining or keeping these deposits in either the current, savings of fixed Deposit Accounts.
  • Agency Services: Involve the clearing and collection of proceeds of cheques and other instruments on behalf of their customers.
  • Provision of Credit Facilities:  For Customers by way of loans and overdrafts. [Read more…]

Function of Commercial Banks

 Function of Commercial Banks

According to Orjih John in his “Banking operation in Nigeria commercial banks performs a variety of function which are worthy of note.  These banks provide range of services to satisfy the financial needs of all types of customers from smallest personal account holder to the big corporate and public organization. [Read more…]