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- Dictionarycommercial bank
noun
- 1. a bank that offers services to the general public and to companies.
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A commercial bank is a kind of financial institution that carries all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, and other such activities. These banks are profit-making institutions and do business only to make a profit.
Jun 3, 2024 · What is a Commercial Bank? Commercial Banks are profit-seeking financial institutions. They receive deposits from customers at a lower rate of interest and offer business loans at a higher interest rate. They serve individuals, small-scale businesses, and medium-sized businesses.
Apr 3, 2024 · The term commercial bank refers to a financial institution that accepts deposits and offers different banking and financial products. Commercial banks provide these services to people and...
Apr 15, 2024 · Commercial Banks (CBs) refer to those banks under the Banking System in India that run on a commercial basis. It means that they operate and offer services to earn a profit. They are regulated under the Banking Regulation Act, 1949.
Feb 15, 2024 · A commercial bank is a financial institution that performs operations related to deposit and withdrawal of money for the public, provides loans for investment, and carries out other similar...
Commercial Bank can be described as a financial institution, that offers basic investment products like a savings account, current account, etc to the individuals and corporates. Commercial banks are classified into two categories i.e. scheduled commercial banks and non-scheduled commercial banks.
Meaning of Commercial Banks: A commercial bank is a financial institution which performs the functions of accepting deposits from the general public and giving loans for investment with the aim of earning profit. In fact, commercial banks, as their name suggests, axe profit-seeking institutions, i.e., they do banking business to earn profit.
noun [ C ] BANKING uk us. Add to word list. a bank with branches in many different places that offers services to people and businesses, for example, keeping money in accounts and lending money: After the crash of 1929, commercial banks were barred from doing investment-banking business. Compare. investment bank. retail bank.
It can also refer to a bank or a division of a large bank that deals with corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks. Commercial banks include private sector banks and public sector banks.
May 16, 2022 · Definition. Commercial banking involves services designed primarily for businesses, including business accounts, loans, letters of credit, and payment processing. Learn more.
