Banking Awareness : Commercial and Other Banks





SOME IMPORTANT THINGS ABOUT COMMERCIAL BANKS

  • Commercial Banks are banking institutions that accept deposits and grant short-term loans and advances to their customers. 
  • In addition to giving short-term loans, commercial banks also give medium-term and long-term loan to business enterprises. Now-a-days some of the commercial banks are also providing housing loan on a long-term basis to individuals. 
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