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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.
Sherrie Ann Opia
Wiki User
∙ 13y agoExpanded commercial banks are banks whose authority include, in addition to commercial banking power, the authority to exercise the powers of investment houses, the authority to invest in the equity of non-allied undertakings and to own up to 100% of the equity of a financial intermediary other than a commercial bank or a bank authorized to provide commercial banking services.
Wiki User
∙ 13y agoExpanded commercial banks or universal banks constitute twelve (12) financial institutions, considered as one-stop commercial banks performing com-banking functions and non-related banking activities.
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Is universal banking is also know as commercial banking?
Yes, Universal banking is commercial banking itself. However, Universal bank does more than a commercial bank. Universal Bank are what we call the "expanded commercial bank" (EK). Commercial banks are limited to allied banking only whereas a universal bank does allied and non-allied banking transactions.
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 many universal banks are there in in India?
i think there nearly 10 banks which are universal banks
Difference between Investment Bank Retail Bank and Corporate Bank?
According to my research on our friendly world wide web i found out that, Investment banks: Are those banks which raise money by selling securities to other companies and government. At present (since Lehman brothers & Merill Lynch are out of picture) Goldman sachs and Morgan Stanley are largest investment banks in USA. Retail banks: Are those banks which directly deal with customers. It deals with savings account, checking account, personal loans etc Commercial banks: Take deposits and gives loan to corporations. Bank of America is the largest commercial bank. Universal banks: are banks that participate in activities of commercial banks as well as investment banks. Bank of America is an universal bank
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.
Example of universal bank?
Universal Banks are banks that combine investment and regular banking. An example of a Universal Bank is Deutsche Bank which is located in Germany.
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
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
What are the contributions of commercial banks to the development of Nigeria?
what are the roles of commercial banks to sports development in nigeria
What are the types of commercial banks?
Commercial banks can be classified based on who owns them. they are:Public commercial banks - The banks that are owned by the governmentPrivate commercial banks - The banks that are owned by private individuals or companiesForeign commercial banks - The banks that are owned by individuals or companies that are incorporated outside the country where the bank operates
