Thursday, January 6, 2011



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

No comments:

Post a Comment