What is the motive of commercial bank?

What is the motive of commercial bank?

Role. The general role of commercial banks is to provide financial services to the general public and business, ensuring economic and social stability and sustainable growth of the economy. In this respect, credit creation is the most significant function of commercial banks.

What are commercial motives?

adj. 1 of, connected with, or engaged in commerce; mercantile. 2 sponsored or paid for by an advertiser. commercial television. 3 having profit as the main aim.

What is meant by commercial banks?

The term commercial bank refers to a financial institution that accepts deposits, offers checking account services, makes various loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses.

What do you mean by commercial bank and its function?

A commercial bank is a kind of financial institution that carries all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, and other such activities. These banks are profit-making institutions and do business only to make a profit.

What is an example of commercial?

Commercial is defined as a paid advertisement. An example of commercial is an advertisement for soda or cereal. The definition of commercial is something related to doing business or for business purposes. An example of commercial is a restaurant refrigerator.

What is a commercial role?

Commercial is a word open to interpretation but what most will mean by this is a role that will offer the real ‘value add’ piece to a business; or in other words as little financial reporting as possible.

What are the two main functions of commercial bank?

Answer: The primary functions of a commercial bank are accepting deposits and also lending funds. Deposits are savings, current, or time deposits. Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.

What is commercial Bank example?

Commercial Banks are those profit seeking institutions which accept deposits from general public and advance money to individuals like household, entrepreneurs, businessmen etc. Examples of commercial banks – ICICI Bank, State Bank of India, Axis Bank, and HDFC Bank.

What is the most effective commercial?

Top 10 Greatest TV Commercials

  • Apple – “1984”
  • Wendy’s – “Where’s the Beef?”
  • Tootsie Pop – “How Many Licks?”
  • Coca-Cola – “Meet Joe Greene”
  • Budweiser – “Wassup?!”
  • McDonald’s – “The Showdown”
  • Energizer – “Escape of the Bunny”
  • Old Spice – “The Man Your Man Could Smell Like”

What are the duties of commercial officer?

A commercial officer overseeing a bank’s loan operations develops the company’s lending business and travels frequently to meet with clients. The officer also reviews the financial status of business partners, such as borrowers and customers, updates loan files and calculates payment schedules.

What is the difference between sales and commercial?

In general, a Sales Department will manage sales. It may also manage other aspects of a company’s business, such as marketing or finance. A Commercial Department could be responsible for any of these things, and more. The term “Commercial” is too vague to allow any guess about what it means.