What is the difference between commercial banks and rural banks?

Answer 1

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.

Answer 2

Im not entirely sure what you are asking by rural bank, because this could be a community bank meaning they serve that community specifically and that's their specialization. A commercial bank would serve at a minimum multiple cities typically multiple states or the entire US. Some small cities have family owned private banks which could be considered rural banks. There are advantages and disadvantages of rural banks. Rural banks have advantages such as community ties and market specialization. However they have don't have the resources or capital larger (commercial banks) have.

Answer 3

difference between commercial bank and reserve bank of India