answersLogoWhite

0

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.

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

How is universal banking system operated?

how is universal banking system operted/


What is the impact of universal banking in Nigeria economy?

What is the impact of universal banking on nigeria economy


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 the functions of Universality?

The function of universal banking include provision of a wide variety of financial services. It also includes both commercial and investment services.


Concept of universal banking?

Acitivity of a bank, besides conducting core banking activities, also undertakes marketing other financial instruments issued by other entities, then such banking activity is known as universal banking.


What is the Functions of core banking?

There are many functions of core banking. A few of the functions are payments, mortgages, and several types of transaction accounts.


What is the capital requirement for universal banking?

ambot


What is universal banking in nigeria?

defend the empire


What is the objective of universal banking?

peKk u


What are the disadvantages of universal banking?

One of the disadvantages of universal banking is the offering of a large number of products that follow different sets rules and regulations. Since this is done by large banks, it may affect the banking system when it fails. Universal banking may also lead to monopoly and harm the economy of a country.


What is the function of universal banking?

The function of universal banking include provision of a wide variety of financial services. It also includes both commercial and investment services.


What are Examples of recent universal banking?

exple for the universalbanks