what is the difference between Reserve Bank and commercial bank
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Explanation:
RESERVED BANK SEES THE BANKS SUCH AS SBI ETC .THAT HOW MUCH BANKS ARE LENDING, TO WHOM AND HOW MUCH THEY ARE LENDING.
COMMERCIAL BANKS ARE THOSE WHICH ARE FOR COMMERCIAL PURPOSE . NO ORGANIZATION IS THERE TO SEE COMMERCIAL BANK. FOR EXAMPLE -. KESHAV SHEKHARI BANK ETC.
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Answer:
Hello Bro, Here's your answer
Explanation:
- Reserve Bank and Commercial banks are a way different from each other.
- Reserve Bank is the primary authority. It is controlled by government of India.
- Reserve Banks is the only authority to issue currency
- It also checks the functioning of other banks besides printing currency.
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