Commercial Bank Yash

Transcript

Commercial Banking Meaning Of Commercial Banking A financial institution that provides services, such as accepting deposits, giving business loans and auto loans, mortgage lending, and basic investment products like savings accounts and certificates of deposit. The traditional commercial bank is a brick and mortar institution with tellers, safe deposit boxes, vaults and ATMs. However, some commercial banks do not have any physical branches and require consumers to complete all transactions by phone or Internet. In exchange, they generally pay higher interest rates on investments and deposits, and charge lower fees. Features of Commercial Banking • • • • Mobilization Of Saving. Facilitate Commerce and Trade. Balanced Regional Development. Provision of Finance to Backward Communities and Neglected Segments. • Development of Agriculture and Other Priority Sectors in the Economy.