A commercial bank (or business bank) is a type of financial institution and intermediary. It is a bank that provides transactional‚ savings‚ and money market accounts and that accepts time deposits. After the implementation of the Glass–Steagall Act‚ the U.S. Congress required that banks engage only in banking activities‚ whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S. law‚ some use the term "commercial bank"
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Commercial Banks Commercial Banks grant mainly short-term loans.In the beginning‚commercial Banks extended loans to traders and merchants for the transport of their goods in both domestic an international trade as well as to finance the holding of an inventories during the brief period required for their sales. To day‚commercial banks are the biggest lenders in commercial and industrial loans. They supply loan funds to business firms as well as to consumers ‚ government agencies‚ universities
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Functions of Commercial Banks Luqmaan Zainulabdeen3487 CONTENTS Definition and nature of a commercial bank Primary functions Secondary functions The explanation of those functions Conclusion Definition of a Commercial Bank A commercial bank is basically a financial institution that provides services such as‚ accepting deposits‚ granting loans and so much more services. There are two functions in a commercial bank. A primary function and a secondary function. Nature of a Commercial Bank One main
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responsibility. This project report contains the meaning of CSR which includes the advantage of CSR towards bank‚ society‚ responsibility of corporate houses‚ objective of CSR‚ motive of CSR‚ responsibility towards customer. This document is all about multidimensional growth of customers for which the bank liable for their service selling. This process leads to upliftment of people life. The banks are not bind to do so but the do these kind of activities for creating a goodwill sense among their customer
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Commercial Bank Recent changes have reformed the banking sector worldwide. The economic‚ political and social transformations have obliged several banks all over the world to emphasize on retail banking. Commercial Bank answers to those challenges by implementing a change program called PEGASUS. Pegasus has under its umbrella five main programs: 1) CRM implementation‚ 2) Business Process Reengineering‚ 3) Development of alternative distribution channels such as e-banking‚ 4) New roles‚ new work
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COMMERCIAL BANKING ASSIGNMENT. ANALYSIS ON BASEL 3 NORMS. Submitted by‚ RAJ KIRAN. PGDMF12025. Introduction: Basel 3 norms were implemented by Basel committee on Banking Supervision (BCBS) with the objective to improve the banking sector’s ability to absorb shocks arising from financial and economic stress. Some of the major causes of the global financial crisis were: too much leverage‚ too little capital‚ and inadequate liquidity buffers. Other factors also responsible for
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Commercial banks Types of advances: Advances by commercial banks are made in different forms such as demand loan‚ term loan‚ cash credit‚ overdraft etc. These forms of advances are explained below. 1. Demand Loan:-In a demand loan account‚ the entire amount is paid to the debtor at one time‚ either in cash or by transfer to his savings bank or current account. No subsequent debit is ordinarily allowed except by way of interest‚ incidental charges‚ insurance premiums‚ expenses incurred for the
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Industry in Nigeria P. A. Idowu Dept of Computer Science and Engineering Obafemi Awolowo University Ife-Ife Nigeria A.O. Alu Dept of Management and Accounting Obafemi Awolowo University Ife-Ife Nigeria E.R. Adagunodo Dept of Computer Science and Engineering Obafemi Awolowo University Ife-Ife Nigeria ABSTRACT The advent of Information Technology (IT) is rapidly changing the banking industry. In this study‚ the impact of IT on the banking industry in Nigeria is described
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BANK OF INDUSTRY INTRODUCTION. The Bank of Industry was created by the Federal Executive Council in January 2002 with the sole purpose of promoting and encouraging small and medium scale industries in Nigeria by providing long term financing to the industrial sector of the Nigerian economy. It was formed by the amalgamation of three already existing development financial institutions comprising: The Nigerian Bank of Commerce and Industry (NBCI)‚ The Nigerian Industrial Development Bank (NIDB) and
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Investment bank Vs. Commercial banks Many factors directly and indirectly caused the ongoing 2007–2012 global financial crisis which started with the US subprime mortgage crisis. One of the main culprits that is often pointed to as one of the main triggers of the global financial crisis are the mortgage derivative products‚ where risky mortgages were packaged with more traditionally secure mortgages and sold to corporate investors and other banks as secure investment products. This packaging of
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