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What is the difference between commercial bank and specialised bank?
Wiki User
∙ 11y ago
Specialised banks are formed to cater specific needs of industries,export units etc.These are Foreign exchange banks,Industrial development banks,Export -import banks etc.
Commercial banks are governed and regulated by Indian Banking Regulation Act 1949 and according to it banking means accepting deposits from public for the purpose of lending investment.
Wiki User
∙ 11y ago
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