Banking Term: Commercial Bank
Find important banking term that is useful in upcoming banking exam.
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
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