Top Financial Terms You Must Know! Banks, NBFCs, The RBI (Series 3)
By understanding various financial terms and the mechanism in which it functions, one can reach great heights. Finance is a vast subject which has several branches.
Commercial Banks
What Are Commercial Banks? Meaning, Ultimate Functions
A bank may be defined as a company which collects money from the public in the form of deposits and lends the same to borrower in the form of credit. It is an institution that provides facilities for safe keeping, lending and transfer of money.