Functions
Development banking business
- Provides guarantee, loans
- Provides medium and long term finances
Commercial banking business
- Bills
- Deposits
- Foreign exchange accounts
- Guarantees
- Letter of Credit
- Remittances
- Short term advances
Merchant banking business
- Bridge financing
- Leasing
- Underwriting of public issue of shares
Collection of utility bills
- Gas bills at branches in Karachi
- Telephone bills at all branches
Administers of the equity participation fund
Equity investment/trading
Read more about this topic: Industrial Development Bank
Famous quotes containing the word functions:
“Mark the babe
Not long accustomed to this breathing world;
One that hath barely learned to shape a smile,
Though yet irrational of soul, to grasp
With tiny fingerto let fall a tear;
And, as the heavy cloud of sleep dissolves,
To stretch his limbs, bemocking, as might seem,
The outward functions of intelligent man.”
—William Wordsworth (17701850)
“The English masses are lovable: they are kind, decent, tolerant, practical and not stupid. The tragedy is that there are too many of them, and that they are aimless, having outgrown the servile functions for which they were encouraged to multiply. One day these huge crowds will have to seize power because there will be nothing else for them to do, and yet they neither demand power nor are ready to make use of it; they will learn only to be bored in a new way.”
—Cyril Connolly (19031974)
“Let us stop being afraid. Of our own thoughts, our own minds. Of madness, our own or others. Stop being afraid of the mind itself, its astonishing functions and fandangos, its complications and simplifications, the wonderful operation of its machinerymore wonderful because it is not machinery at all or predictable.”
—Kate Millett (b. 1934)