Banking Companies – Features.docx
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BANKING COMPANIES – FEATURES 1. Undertaking and executing trust. 2. Borrowing, raising or taking up of money. 3. Lending or advancing of money either upon or without security. 4. Granting and issuing of letters of credit, travelers cheques and circular notes. 5. Buying and selling of bullion. 6. Buying and selling of foreign exchange including foreign bank notes.
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