Business Services

Business Services

By Duraimurugan

Commercial Bank

Commercial banks are institutions dealing in money. These are governed by Indian Banking Regulation Act 1949 and according to it banking means accepting deposits of money from the public for the purpose of lending or investment.

Banking and Social Objectives

• From Urban orientation to Rural orientation

•  From Class banking to Mass banking

• From Traditional to Innovative practices

• From Short term objectives to Development objectives

Multiple Choice

Which one is not an social objectives of the commercial banks

• Rural orientation

• Mass banking

• Innovative practices

• Maximising the Profit

Specialised Bank

 Specialised banks are foreign exchange banks, industrial banks, development banks, export-import banks catering to specific needs of these unique activities.

Central Bank

The Central bank of any country supervises, controls and regulates the activities of all the commercial banks of that country. It also acts as a government banker

Multiple Choice

Which one is not a function of central bank?

• Printing the currency

• Fixing Interest Rate

• Lender of last resort to Banks

• Direct selling of currency to Retail customer

Functions of Commercial Banks

• Acceptance of deposits

•  Lending of funds: 

• Cheque facility

•  Remittance of funds

• Allied services