Question

give the meaning of commercial bank​

Answer 1

Answer:

bank that offers services to the general public and to companies.

Answer 2

Answer:

Commercial Banks are banking institutions that accept deposits and grant short-term loans and advances to their customers. There are two types of commercial banks, public sector and private sector banks.

(a) Public Sector Bank:

Public sector banks are those banks, which are owned and managed by the Government. eg. SBI, PNB, IOB etc. Presently there are 28 public sector banks in India

(b) Private Sector Bank:

Private sector banks are owned and managed by private parties. Eg. HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Jammu and Kashmir Bank etc. ICICI bank is the largest private sector bank in India.

Explanation:

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