A commercial bank is a type of financial intermediary and a type of bank .commercial banking is also known as bushness banking . It is a bank that provides checking account ,savings account and money market account and that accept time deposits .
Role of commercial banks -
1)processing of payments by way of telegraphic transfer ,internet banking etc
2)issuing bank draft and bank cheques .
3)accepting money on term deposit .
4)lending money by overdraft ,installment loan or other means
5)Safekeeping of documents and other items in safe deposit boxes
6)cash management and treasury services