0
What is the difference between the commercial banks and micro finance banks?
Wiki User
∙ 9y ago
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.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What are the six types of lending institutions?
Commercial banks, savings and loan associations, savings banks, credit unions, finance companies, and consumer finance companies.
What is Difference between Base Rate and prime rate?
The prime rate is the rate at which the central bank lends to the commercial banks whiles the base rate is the rate at which the commercial banks lend to the public
What kind of loans are offered through banks that offer Islamic finance?
Banks following the principles of Islamic finance offer many finance options for autos, homes and personal loans as well as loans for commercial property and against shares.
Where can one apply for a business finance loan?
You can apply for a business finance loan from most commercial banks that provide this kind of product. Some micro finance companies also provide business finance loans.
How do finance companies make a profit?
The finance companies give loans for interest at higher rates, they also lend money from banks and others for cheaper rates, if necessary. The difference of interest between these two is their profit.
Difference between development bank and commercial bank?
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.
What are the main and initial activities performed by the commercial banks in industrial finance?
NO
What are the six types of lending institutions?
Commercial banks, savings and loan associations, savings banks, credit unions, finance companies, and consumer finance companies.
What is Difference between Base Rate and prime rate?
The prime rate is the rate at which the central bank lends to the commercial banks whiles the base rate is the rate at which the commercial banks lend to the public
What kind of loans are offered through banks that offer Islamic finance?
Banks following the principles of Islamic finance offer many finance options for autos, homes and personal loans as well as loans for commercial property and against shares.
What is the difference between commercial banks and rural banks?
Actually the services provided by a commercial bank and a rural bank are the same. They both provide bank accounts, accept deposits, grant loans etc. to its customers. The only difference between the two is the population they serve. Commercial banks serve the general population of the country that live in cities and towns whereas the rural banks serve the customers from the rural villages of the country.
Where can one apply for a business finance loan?
You can apply for a business finance loan from most commercial banks that provide this kind of product. Some micro finance companies also provide business finance loans.
How do finance companies make a profit?
The finance companies give loans for interest at higher rates, they also lend money from banks and others for cheaper rates, if necessary. The difference of interest between these two is their profit.
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.
What are some commercial finance banks?
Most major Banking establishments have a commercial arm that is separate from the consumer side. UK banks such as Barlclays Group, HSBC and RBS all have commercial sides. There are also commercial only banking establishments as well such as JP Morgan and Goldman Sachs.
What has the author John Martin Chapman written?
John Martin Chapman has written: 'The consumer finance industry' -- subject(s): Consumer credit 'Commercial banks and consumer instalment credit' -- subject(s): Banks and banking, Credit, Installment plan, Loans 'Finance companies' -- subject(s): Commercial finance companies 'Licensed lending in New York' -- subject(s): Personal Loans 'Fiscal functions of the Federal reserve banks' -- subject(s): Federal Reserve banks
What is the difference between an entrepreneur and an investor?
Investors are the people who provide a business with the finance it needs. This finance can come from owner's capital, loan capital from banks or grants from State Agencies. Entrepreneurs are people who take the initiative to turn an idea to business.
