An Industrial bank is a financial institute with a limited scope of services. These services consist of selling certificates that are labeled as investment shares and also accept customer deposits. These banks are also known as Morris Banks or Industrial Loan Companies. A commercial bank provides services such as accepting deposits, business loans and auto loans, mortgage lending, and investment products like savings accounts and certificates of deposit.
1. Nature of Banking
Commercial Bank is a bank which primarily provides financial facilities to commercial activities.
Industrial Bank is a bank which primarily provides financial facilities to industrial or productive activities.
difference between commercial bank and industrial bank
2. Types of Loans Offered
Commercial Banks generally provides short-term loans for meeting working capital needs.
Industrial Banks generally provides long-term loans for meeting fixed capital needs.
3. Financing Period
Commercial Banks provides finance for a short duration.
Industrial Banks provides finance for a longer time period like 15 or 20 years.
4. Other Services Offered
Commercial Banks provides agency and general utility services to its clients.
Industrial Banks provides underwriting promotional and consultancy services to its clients.
COMMERCIAL BANK - It is an institution whose business is to collect funds or money and other valuable from the public, keep them and make them available to their respective owners when required while rural banks are in charge of the development of the country.
a commercial bank is a bank that operates with a profit-earning goal ie a business bank while a non-commercial bank is a financial institution that operates with the aim of alleviating non-development conditions like low levels of entrepreneurial activities in the society through issue of loans at very low interest rates. such institutions are in most cases subsidized by the government.
If you think you knw you dont know the answerr
difference between non bank and commercial bank?
ghandi
Industrial & Commercial Bank of China Ltd
The biggest difference is the risk level. Banks are more regulated than a finance company. Finance company's maybe able to lend money or credit to someone who was unable to obtain funds from a bank.
Rastriya Banijya Bank (RBB) has the largest numbers of branches in Nepal. Over 131 branches.
No difference -- they are one and the same business entity. BPI Family Savings Bank, a savings/thrift bank, is a wholly-owned subsidiary of Bank of the Philippine Islands (BPI), a commercial bank.
What is the difference between bank loan and bank credit?
National Commercial Bank Saudi Routing Number is----- What is the difference in a SWIFT Code and Bank Routing Numbe
The industry of banking is very competitive, with banks fighting for customers. There is a close race between banks, but the most international bank in the world is the Industrial & Commercial Bank of China, with the China Construction Bank coming in second.
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.
A national bank does business on a national level, for example deals exclusively with in-country clients. A commercial bank will fund foreign deals and has dealings outside of the Federal Reserve system of America.
the major difference is the commercial paper does not carry a payment guarantee made by a bank where as the bankers note catties that guarantee