Write a short note on commercia banks

A commercial bank is a kind of financial institution which carries all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, etc. These banks are profit-making institutions and do business only to make a profit.

Types

There are three different types of commercial banks.

  • Private Bank
  • Public Bank
  • Foreign Bank

Function

Listed below are the functions of a commercial bank

  • Accepts deposit
  • Provides Loan and Advances
  • Credit Cash
  • Discounting bills of exchange
  • Overdraft Facility
  • Purchasing and Selling of the Securities
  • Paying and Gather the Credit

Was this answer helpful?

 
   

4.5 (1)

(2)
(1)

Choose An Option That Best Describes Your Problem

Thank you. Your Feedback will Help us Serve you better.

Leave a Comment

Your Mobile number and Email id will not be published. Required fields are marked *

*

*

BOOK

Free Class

Ask
Question