it support commercial bank by directing them in sectors for loans should be given.it serves as a mother bank to all banks in the world.
Bank of england
Industrial & Commercial Bank of China Ltd
A central bank may close down a commercial bank if they feel that the bank isn't doing its duties correctly. If it is cheating customers or misusing funds or not following the guidelines laid down by the central bank it can be closed. Usually central banks give warnings to a bank if they find anything and if their warnings are not listened to, they resort to closing the commercial bank down as the last resort.
The main difference between the duties of a bank audit department and the duties of a Federal Reserve Bank examination team is: The duties of a bank audit department cannot audit the ederal Reserve Bank examination team but the duties of a Federal Reserve Bank examination team can audit the bank audit department.
ordinary commercial bank
Industrial and Commercial Bank of China Ltd (ICBC) is the largest bank in the world by both profit and Market Capitalization. It has a market capitalization of over 200,000 billion USD. The only other banks that have a market capitalization in this range (of course lower than ICBC) are China Construction Bank, HSBC, Citigroup and Bank of America.
what are the structure of commercial bank
National Commercial Bank was created in 1953.
Determining the best bank in the world is dependent on personal preference and opinion. The top three largest banks in the world, in order, are the Industrial and Commercial Bank of China, HSBC Holdings in the UK, and Deutsche Bank in Germany.
By June 2004 DZ Bank had become both a central bank and a commercial bank and was one of the world's eight largest cooperative banks.
Eric N. Compton has written: 'The new world of commercial banking' -- subject(s): Bank management, Banks and banking 'Inside commercial banking' -- subject(s): Bank management, Banks and banking 'Then ew world of commercial banking' -- subject(s): Bank management, Banks and banking
difference between non bank and commercial bank?