Question

Explain how commercial banks differ from industrial banks.

Answer 1

Answer:

commercial bank is a bank which provides financial facilities for commercial activities where as Industrial Bank is a bank which provides financial facilities for industrial or productive activities

Answer 2

★ Nature of Banking ↓

• Commercial Bank is a bank which primarily provides financial facilities to commercial activities.

• Industrial Bank is a bank which primarily provides financial facilities to industrial or productive activities.

★Types of Loans Offered ↓

• Commercial Banks generally provides short-term loans for meeting working capital needs.

• Industrial Banks generally provides long-term loans for meeting fixed capital needs.

★Financing Period ↓

• Commercial Banks provides finance for a short duration.

• Industrial Banks provides finance for a longer time period like 15 or 20 years.

★ Other Services Offered ↓

• Commercial Banks provides agency and general utility services to its clients.

• Industrial Banks provides underwriting promotional and consultancy services to its clients.

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