Which of the following is a commercial bank in India?
(i) SBI (ii) BOI (iii) HDFC bank (iv) UBI
Which of the following is a commercial bank in India?
(i) SBI (ii) BOI (iii) HDFC bank (iv) UBI
The correct option is D (i) , (ii), (iii) (iv)
D. (i) , (ii), (iii) (iv)
Commercial
banks form a significant part of the country’s Financial Institution System.
Commercial Banks are those profit seeking institutions which accept deposits
from general public and advance money to individuals like household,
entrepreneurs, businessmen etc. with the prime objective of earning profit in
the form of interest, commission etc.
The operations of all these banks are
regulated by the Reserve Bank of India, which is the central bank and supreme
financial authority in India. The main source of income of a commercial bank is
the difference between these two rates which they charge to borrowers and pay
to depositors. Examples of commercial banks – ICICI Bank, State Bank of India,
Axis Bank, and HDFC Bank.
D. (i) , (ii), (iii) (iv)
Commercial banks form a significant part of the country’s Financial Institution System. Commercial Banks are those profit seeking institutions which accept deposits from general public and advance money to individuals like household, entrepreneurs, businessmen etc. with the prime objective of earning profit in the form of interest, commission etc.
The operations of all these banks are regulated by the Reserve Bank of India, which is the central bank and supreme financial authority in India. The main source of income of a commercial bank is the difference between these two rates which they charge to borrowers and pay to depositors. Examples of commercial banks – ICICI Bank, State Bank of India, Axis Bank, and HDFC Bank.
