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:
“The mind is a finer body, and resumes its functions of feeding, digesting, absorbing, excluding, and generating, in a new and ethereal element. Here, in the brain, is all the process of alimentation repeated, in the acquiring, comparing, digesting, and assimilating of experience. Here again is the mystery of generation repeated.”
—Ralph Waldo Emerson (1803–1882)
“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 finger—to 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 (1770–1850)
“When Western people train the mind, the focus is generally on the left hemisphere of the cortex, which is the portion of the brain that is concerned with words and numbers. We enhance the logical, bounded, linear functions of the mind. In the East, exercises of this sort are for the purpose of getting in tune with the unconscious—to get rid of boundaries, not to create them.”
—Edward T. Hall (b. 1914)