Whats are commercial banks ?
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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.
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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
See here for your answer....
==================
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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