The Commercial Banks receive deposits from the general public which are repayable on demand upon written orders of the depositors. As their most distinctive feature the commercial banks maintain chequing accounts for the stituents.
The commercial banks are also distinguished for providing short term finance to trade,commerce and industry to enable these sectors to expand their productive activities.
The commercial banks are also distinguished for providing short term finance to trade,commerce and industry to enable these sectors to expand their productive activities.
No comments:
Post a Comment