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Function of a Modern Bank

It may not be out of place to mention here the more complicated functions of a modern Bank. Besides the function of borrowing and lending, keeping money in safely custody, some banks exercise, Bank also serve as places of safe deposit not only for money but also for jeweler, documents and valuable securities In Pakistan business of all the above natures is done by native banks. The international business of agency for payments between one country and another is done mostly by foreign banks which have their branches in this country.

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