- Most of the Indian joint stock Banks are Commercial Banks such as Punjab National Bank, Allahabad Bank, Canara Bank, Andhra Bank, Bank of Baroda, etc.
- Deposit taking: Commercial banks accept deposits from the public in various forms, such as checking accounts, savings accounts, and certificates of deposit (CDs).
- Bullion Trading: the commercial banks trade with many countries in the world. They trade in gold and silver and provide the same facility for their customers.
- Commercial banks provide loans and advances of various forms, Such as [overdraft] facility, cash credit, bill discounting, money call, etc.
- A commercial bank is a financial institution that accepts deposits, offers checking and savings account services, and makes loans.
- Commercial banks are an essential part of the global financial system, providing a variety of services to individuals, businesses, and governments.
- Benefits of a Commercial Bank Account#. Even if you have a small, home-based business, opening a business account offers several advantages
- With Commercial Bank s corporate banking services, you can be assured that your business needs are served with the best support.
- Functions of a commercial bank include deposit acceptance, credit creation, treasury and payments, and other agency and advisory services.
- A commercial bank is outlined as one whose primary business is financial intervening such as taking deposits and providing loans.