📖 generic · 12th TN - English Medium · ECONOMICS · Page 102definition

Commercial banks

Chapter 6: Chapter 6 · ECONOMICS

Commercial banks Commercial bank refers to a bank, or a division of a large bank, which more specifically deals with deposit and loan services provided to corporations or large/ middle-sized business - as opposed to individual members of the public/small business. They do not provide, long-term credit, as liquidity of assets is to be maintained. India ( ), the Central Bank of Ceylon ( ) and the Bank of Israel ( ) were established.

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