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Q: What is the difference between expanded commercial bank and commercial bank?
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What is the capital requirement of expanded commercial bank in the Philippines?

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Difference between development bank and commercial bank?

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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.


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 is the difference between nationalized banks and commercial banks?

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.


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What is the difference between commercial banks and rural banks?

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What is the difference between commercial bank and development bank?

A Commercial bank is a regular bank that provides services like bank accounts, loans and credit cards to regular customers. A development bank is one that provides loans and other financial aids and services to institutions that are involved in development activity like construction, building bridges, industries etc