What is the difference between business and commercial banking?

Answer 1

Corporate Banking means Financing to coporate institutions which has been declared as Corporate entity. Corporate entity means if more than one company falls in the same line of business, financing terms will be same to all the corporate insitution as whole. Enterprise banking means each individual business units will be covered separate, according to the specific requirements for financing. Though more than one company falls in the same group, the financing terms will differ according to each enterprise demands and needs.

Answer 2

A commercial bank is a financial institution which lends out money to potential borrowers and implement plans on behalf of the central bank while Anon commercial bank is a financial institution that lends out money on long term basis and does not carry out credit creation

Answer 3

Personal Banking is banking usually done in small local branch where you would make your deposits and withdrawals or anything like that. Commercial Banking is done traditionally at the larger branches and that is where business apply for loans open large commercial accounts and different business products are offered.

Answer 4

Commercial banking is primarily concerned with receiving deposits and lending to businesses, whereas Retail Banking provides the same products (such as deposits or loans) just to individuals. Not trying to make this more complicated, but Commercial & Retail Banks (depending on the organisation and region) also differentiate here by investable assets per customer (e.g. <US$100.000). Customers with higher investable assets would be either classified into Premium Banking (e.g. >US$ 100.000 <US$ 200.000) or Private Banking (e.g. >US$ 200.000).

Answer 5

Commercial Banking is a bank whose principal functions are to receive demand deposits and to make short-term loans.

Corporate Banking is Any financial or monetary activity that deals with a company and its money.

so Commercial focus on Individual and Corporate focusses on Companies..

Answer 6

Commercial Bank:

Commercial banks form a significant part of the country's Financial Institution System. Commercial Banks are those profit seeking institutions which accept deposits from general public and advance money to individuals like household, entrepreneurs, businessmen etc. with the prime objective of earning profit in the form of interest, commission etc. The operations of all these banks are regulated by the Reserve Bank of India, which is the central bank and supreme financial authority in India. The main source of income of a commercial bank is the difference between these two rates which they charge to borrowers and pay to depositers. Examples of commercial banks - ICICI Bank, State Bank of India, Axis Bank, and HDFC Bank.

Answer 7

The difference between business and personal banking (which is what I assume you mean by "commercial") is that business banking allows more users to access the account. Each user has different spending and administrative rights. Business accounts also require the use of the company's EIN, or Employer Identification Number, instead of an individual's Social Security Number in order to open the account. Personal banking only allows one user per account, thus being 'personal."

Note: personal and business bank accounts at the same banking institution may also differ from each other due to different laws concerning tax and assets reporting...

Answer 8

They are both one and the same. The kind of services offered by them and the type of customers they serve are similar and so there are not any major differences between them.