Question

introduction of any commercial banks

Answer 1

⬆️A commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products. Commercial bank can also refer to a bank, or a division of a large bank, ⬆️⬆️⬆️which more specifically deals with deposit and loan services provided to corporations or large/middle-sized business as opposed to individual members of the public/small business - retail banking, or merchant banks.⬆️

Answer 2

Commercial banks

Explanation:

A commercial bank is a type of financial institution that performs all functions related to deposits and withdrawals of funds, provides loans for investments, etc. for the general public. These banks are profit-making institutions and do business only to earn profit.

Type:- There are three various types of commercial banks.

• Private bank
• Public bank
• Foreign bank

Function:-Detailed below are the benefits of a commercial bank

• Accepts deposits
• Provides loans and advances
• Credit cash
• Discounting bill of exchange
• The extra money withdrawal facility
• Buying and selling of securities
• Making payments and collecting credits