Friday, May 20, 2011

Definition of Commercial Banking.

Commercial Bank:
    The bank that deposits surplus fund of individual or business enterprises and provide loan facilities to them who has deficit fund and demand of money is called commercial bank. The intensity of this bank is to transact money and to acquire profit. That means the bank operated for commercial purpose is called commercial bank.

According to New Encyclopedia Britannica - "A commercial bank is a trader of substitue currencies such as cheque and bill of exchange."
Source: Here

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