One of the functions of commercial banks is

One of the functions of commercial banks is granting loans to customers. This means that commercial banks lend money to individuals, businesses, and other organizations who need it for various purposes, such as starting or expanding a business, buying a home, or paying for education. Commercial banks earn interest on the loans they grant, which is a major source of revenue for the banks. In addition to lending, commercial banks also provide other services such as checking and savings accounts, credit and debit cards, and online banking.