English, asked by deepsharma00, 1 year ago

Whats are commercial banks ?

Answers

Answered by ranjanalok961
6
A commercial bank is a type of financial institution that accepts deposits; offers checking account services; makes business, personal and mortgage loans; and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses.
Answered by brainlystargirl
12
Heya....

See here for your answer....

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A bank is said to be Commercial having these following conditions -

√ Accept demand deposits

The bank who accept the surplus demand deposits if the general public is said to be Commercial bank ..

√ Offer loans

The bank who gave loan to general people at the needed time, is known as commercial bank...

So, the define of commercial bank will be.....

• The bank who accept demand deposits and prefer loans but only to general public is known as commercial banks....

Example- State bank of India, Bank of India and many more...

Thank you
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