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What is Types of Commercial Banks Explained about?

Commercial banks are financial institutions that accept deposits and provide loans, earning income from the interest rate differential. They can be categorized into various types, including commercial, exchange, industrial, agricultural, cooperative, savings, and central banks, each serving specific functions within the economy. The primary functions of commercial banks include accepting deposits, advancing loans, financing foreign trade, and providing miscellaneous services, while also playing a crucial ro

Author
Aryan Panwar
Language
EN