[Solved] Which among the following is a commercial bank? (2024)

FAQs

Which among the following is a commercial bank? ›

Detailed Solution. The correct answer is State Bank of India. A Commercial Bank is a financial institution that accepts deposits, offers checking and savings account services and make loans.

Wells Fargo and Chase are examples of commercial banks as they provide these services.

Commercial Banks

A financial institution that engages in various financial services, such as accepting deposits and making loans.

What is Commercial Bank? 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.

Commercial bank. financial institution that offers checking accounts, demand deposits, business and personal loans, savings vehicles and a variety of other related financial services.

A commercial bank is a financial institution that provides services like loans, certificates of deposits, savings bank accounts bank overdrafts, etc. to its customers. These institutions make money by lending loans to individuals and earning interest on loans.

Types of Scheduled Commercial Banks (SCBs)

There are various types of SCBs in India, as can be seen as follows. SBI, PNB, Canara Bank, Bank of Baroda, Bank of India, etc. ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Yes Bank etc. Standard Chartered Bank, Citi Bank, HSBC, Deutsche Bank, BNP Paribas, etc.

Commercial Bank

A financial institution that is owned by stockholders, operates for a profit, and engages in various lending activities.

What is the difference between a bank and a commercial bank? ›

Central bank can be called the apex bank, which is responsible for formulating the monetary policy of an economy. Commercial banks, on the other hand, are those banks that help in the flow of money in an economy by providing deposit and credit facilities.

Sri Lanka's first 100% carbon neutral bank and the first Sri Lankan bank to be listed among the Top 1000 Banks of the World, Commercial Bank operates a network of 271 branches and 957 automated machines in Sri Lanka.

Commercial banks exist as the financial institution for deposits and loans. The main objective of commercial banks is to maximize their profit.

Commercial banks are a cornerstone of business and finance in the United States. They primarily serve businesses rather than individuals and offer a range of services, including accepting deposits, providing loans to businesses, and offering treasury management solutions, among others.

A non-commercial bank is commonly a bank that doesn't offer ordinary retail banking services. They are sometimes called private banks, or investment banks. These banks will offer limited services to high-net-worth individuals or corporations, particularly in the world of investment or asset management.

PNC's Commercial Banking group serves companies with $5 million to $50 million in annual revenue.

A: The FDIC (Federal Deposit Insurance Corporation) is an independent agency of the United States government that protects bank depositors against the loss of their insured deposits in the event that an FDIC-insured bank or savings association fails.

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with $2.6 trillion in assets and operations worldwide.

Who we are. Wells Fargo Commercial Banking provides market-leading solutions, industry expertise, and insights to help enable our clients' growth and success, enhancing the communities we serve.