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Central vs Commercial Banks in India by Sumit Sethi is a document available to read on EtoBox.
What is Central vs Commercial Banks in India about?
The document compares central banks and commercial banks in India. It states that the central bank, known as the Reserve Bank of India, regulates the entire banking system and acts as the banker to other banks and the government. In contrast, commercial banks provide banking services to individuals and firms, act as agents of the central bank, and exist to earn profits for their owners. The key difference is that the central bank is the top financial institution and monetary authority, while commercial bank
- Author
- Sumit Sethi
- Language
- EN