BANKING AFFAIRS

Detailed explanation-1: -Commercial banking is another name for corporate banking, which offers banking services to businesses, governments, and other institutions. While retail banking offers its services to individuals for personal use, commercial banking offers its services to institutions for institutional and corporate use.

Detailed explanation-2: -A commercial bank offers both retail and corporate banking services, which differ in a variety of ways, including customers, products/services supplied, and transaction amounts. Retail banking is a type of mass-market banking that involves a large number of consumers and significant transaction volumes.

Detailed explanation-3: -According to the commercial bank definition, it is a financial institution whose purpose is to accept deposits from customers and lend out loans. What is commercial bank types? Public sector banks, private sector banks, and regional rural banks are the types of commercial banks.

Detailed explanation-4: -Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking.

Detailed explanation-5: -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.