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Located in suitable manner Essay Example
2161 words 8 pages

The oldest bank in India, the State Bank of India, was established in June 1806. It is currently the largest commercial bank in the country. In 1935, the Reserve Bank of India took over central banking responsibilities from the Imperial Bank of India. After gaining independence in 1947, the Reserve Bank was nationalized and granted […]

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Popular Questions About Commercial Bank

What is the objective of a commercial bank?
Objectives of a Commercial Bank. Their main objective is to achieve a profit by earning more from the interest charged on loans than the interest paid to depositors Commercial banks can also make profits from providing other services such as deposit security, currency trading, business advice, cheque and credit-card processing Most commercial banks
What is the role of a commercial bank?
Commercial banks are financial institutions that provide finance and investing services for businesses. The primary role of commercial banks in the developed world is to offer business bank accounts with standard options, such as deposits, withdrawals and loans.
What are the types of commercial banks?
The most common types of commercial banks include checking, deposit, and savings banks, with many of these activities offered at a single institution. These banks also engage in business banking and loans.
What does a commercial bank sell?
While not all commercial banks offer each one, these may include:Merchant services, such as credit card processing, mobile payment solutions, gift cards, and electronic check servicesGlobal trade services, such as foreign exchange, financing, letters of credit, and global paymentsTreasury management services, such as fund collecting and disbursement, and fraud prevention
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