A commercial bank is a normal bank that provides the basic banking services to its customers. Some of the different services available from commercial banks to its customers are:
- Checking/Current account
- Savings accounts
- Internet/Mobile Banking
- ATM Cards
- Check Books
- Deposit Accounts
- Credit Cards etc.
What are the functions of commercial banks in Kenya other than the normal banking functions?
functions of kenya commercial bank
Asked in Intellectual Property, Banking, Labor and Employment Law, Money Management, Incorporation, Commercial Bank and Checking Accounts
Differences between functions of the central bank and commercial bank?
The functions of the central bank are two oversee commercial banks and other financial organizations. Commercial banks deal directly with the general public ...
Services rendered by a commercial bank?
What are the services rendered by commercial bank. The two essential functions of a commercial bank may best by summarized as the borrowing and the lending of money ...
What is commercial bank and its function?
A commercial bank is a bank that provides banking services to large businesses and corporations. Some of their functions are accepting deposits, granting loans, and funds investment. ...
Where is the Head office of state bank of patiala?
State Bank of Patiala is a subsidiary bank of State Bank of India. State Bank of Patiala (SBP), originally named Patiala State Bank, was founded on 17 November 1917. SBP was founded by Maharaja Bhupinder Singh, Maharaja of the princely state of Patiala of Undivided India. The functions of the Bank included the normal functions of commercial banks, as also some functions similar to functions of a central bank for the princely state of Patiala ...
Asked in Banking
What are the modern functions of commercial bank?
What are Modern Functions of Commercial Banks? The following are the modern functions of a commercial bank: 1. Telebanking. 2. Issue of Debit and Credit Cards. 3. Net banking. 4. Sellling of Insurance products (Bancassurance) 5. Providing ATM facility. 6. SMS Alerts. 7. Rail/Air Ticket Reservation. 8. Electronic transfer of Funds. (NEFT,RTGS). ...
What are the functions of commercial bank?
Commercial banks receives deposits and advances loan to promote business and commerce.Their important functions are making payment against cheq,advances loans and over drafting,discounting bill of exchange,letter of credit etc.They not only facilitates traders but also help agriculturist to some extent. The commercial bank who became a member of central bank they called "Schedule Banks". ...
What is the Difference between commercial bank and central bank?
central bank does not accept deposit from customers whiles commercial bank does. central bank is responsible for issuing of currencies whiles commercial bank does not. central bank is accountable to the government whiles commercial bank is accountable to the share holders. central bank is not set up for profit but commercial bank is set up for profit. central bank is governed by an act of parliament whiles commercial bank is set up by an incorporation. central bank formulate monetary policies whiles commercial bank does not. ...
What is the organizational structure of a commercial bank?
what are the structure of commercial bank
Difference between commercial bank and private bank?
The main difference between a commercial bank and a private bank is the involvement of the central bank. In a private bank, the central bank does not have any stakes like it does in commercial banks. ...
Difference between development bank and commercial bank?
what is the difference between commercial and development bank
What are differences between commercial bank and non bank financial institution?
difference between non bank and commercial bank?
What are the licensed commercial banks in Sri lanka?
The licensed commercial banks in Sri Lanka are: Commercial Bank of Ceylon Hatton National Bank DFCC Vardhana Bank Seylan Bank Sampath Bank Amana Bank NDB Bank Union Commercial Bank Nations Trust Bank Pan Asia Banking Corporation PLC ...
What is different between Commercial bank and Special bank?
in commercial banks we have profits