answersLogoWhite

0

What are the traditional functions of commercial banks?

User Avatar

Molly Breitenberg

Lvl 10
4y ago

Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What are the traditional functions of commercial banks?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the functions of commercial banks in Kenya other than the normal banking functions?

functions of kenya commercial bank


What are functions of central bank India?

to provide loan to customers and other commercial banks. to check the functioning of commercial banks.


What is the difference between the commercial banks and micro finance banks?

The difference between the commercial banks and micro finance banks is in their functions and ability. The main difference is in the lending limits with micro finance banks having lower limits.


The main functions of the National Bank of Ethiopia?

To license & supervise banks & hold commercial banks reserves & lend money to them.


What is expanded commercial banks or universal banks?

An expanded commercial bank is a type of financial institution that goes beyond the traditional functions of a regular commercial bank. While commercial banks primarily handle transactions such as deposits, checking account services, and loans for individuals and businesses, expanded commercial banks have additional capabilities. These extended functions allow them to offer a broader range of services to their customers.


What are the classification of banks?

Banks can be broadly classified into many categories based on the functions they perform and based on the services they offer. Some of the types of banks are: 1. Commercial/Retail Banks 2. Private Banks 3. Investment Banks 4. Rural Banks 5. Co-operative Banks 6. Industrial Banks 7. Etc.


How many scheduled commercial banks in Bangladesh?

Total number of private commercial banks is 36 including 8 Islamic commercial banks. And there are 9 foreign commercial banks in Bangladesh.


Commercial banks and their relationship with the reserve bank?

we take/borrow money from the commercial banks and the commercial banks take/borrow money from the reserve bank


Functions of universal banking?

Universal banks are able to take on a large number of functions because they are both a commercial bank and investment bank. Additionally, universal banks provide other financial services such as accounting, insurance, fund investment, and issuing of credit cards.


How does the economy affect banks?

Commercial banks - NO. National banks - YES.


What are the two types of commercial bank?

types of commercial banks are: 1) public sector banks 2) private sector banks....


What were commercial banks' assets in 1992?

Commercial banks controlled about $2.4 trillion in assets in 1992