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Located in suitable manner Essay Example
2888 words 11 pages

The oldest bank in existence in India is the State Bank of India, a government-owned bank that traces its origins back to June 1806 and that is the largest commercial bank in the country. Central banking is the responsibility of the Reserve Bank of India, which in 1935 armorial took over these responsibilities from the […]

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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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