What Are the Disadvantages of Commercial Banks? (2024)

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Disadvantages of commercial banks are as follows:

  1. The funds received from the commercial banks are of short duration and the procedure of obtaining funds is a time taking affair as there is a lot of verification that needs to be done from the bank end.
  2. The bank can set difficult conditions for granting of loans.
  3. Commercial bank accounts are more expensive than normal bank accounts.
  4. Customer service is not up to mark at most of the commercial banks.

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See Also
What is Commercial Bank? Definition of Commercial Bank, Commercial Bank Meaning - The Economic TimesDifference between Central Bank and Commercial BankRetail vs. Commercial Banking: What's the Difference?Difference between Commercial Bank and Central Bank - GeeksforGeeks

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