Thursday, 5 February 2015

Banking Term of the Day

Commercial Banking:
            Commercial banks are profit oriented Banks. Commercial Banking means managing withdrawals and deposits as well as  supplying short term loans to individuals and small business. consumers primarily use these banks for basic checking and saving accounts, Certificate of deposit (COD) and sometimes for home Mortgages.

Types of Commercial Banks

  1. Scheduled Commercial banks 
  2. Non-Scheduled Commercial banks
Only Scheduled Commercial Banks were in India.


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