Commercial Bank
What is a Commercial Bank? Explain with examples.
Commercial bank is an financial institute, dealing with deposits and loans, for general public.
2 Kinds:
Secheduled
Non-Scheduled
Functions:
Receives Deposits
Provides loans
Transfer of money
Credit Creation
Underwriting of SHares
Locker Services
Credit and Debit Card
Agency Services
Role of Commercial Bank in the Economic Development of Pakistan?