Search

Banking Term: Commercial Bank

Find important banking term that is useful in upcoming banking exam.

Jun 6, 2015 15:08 IST
facebook IconTwitter IconWhatsapp Icon

Banking Term: Commercial Bank

• Commercial banks are the single most important source of institutional credit in India

• A bank is an institution that accepts deposits of money from the public, withdrawable cheque and used for lending

• Three things about deposits are noteworthy:

1. They are deposit of money

2. Deposits are accepted from public at large

3. Deposits are repayable on demand and withdrawable by cheque

Functions of Commercial Banks

 

Related Categories

Related Stories