1. Function ↓
The psyche blogspot.com//search?q=commercial-banks-definitions-primary">function of a Commercial Bank is to bring deposits from populace for the purpose of blogspot.com//search?q=commercial-banks-definitions-primary">lending to manufacture together with others.
The Central Bank regulates money render inwards the country. It likewise acts every bit a banker to the regime together with to the other banks operating inwards a country.
2. Printing of Currency ↓
The Commercial Banks cannot impress currency notes together with brand coins.
The Central Bank of Republic of Republic of India (i.e. blogspot.com//search?q=commercial-banks-definitions-primary">RBI) has the ability to impress currency notes from Rs.2 together with above.
3. Acceptance of Deposit ↓
The Commercial Bank accepts deposits from the public.
The Central Bank don't bring whatever deposit from the public.
4. Provision of Loans ↓
The Commercial Bank provides loans to the manufacture together with to the public.
The Central Bank provides loans to scheduled banks together with fiscal institutions.
5. Ownership ↓
Commercial Banks tin flame travel owned yesteryear somebody together with / or Government agencies.
Central Bank of Republic of Republic of India (RBI) is owned together with controlled yesteryear Government of India.
6. Total Number ↓
There are several Commercial Banks currently operating inwards India.
However, in that place is solely 1 apex Central Bank (i.e RBI) inwards India.
7. Framing Monetary Policy ↓
Commercial Banks create non frame monetary policy of the country.
Central Banks frames monetary policy of a country.
8. Monitory Control ↓
Commercial Bank does non direct maintain whatever command over Central Bank.
Central Bank monitors the working of all commercial banks.
9. Registration together with Establishment ↓
In India, Commercial banks are registered nether the Banking Regulation Act of 1949.
The Central Bank of Republic of Republic of India (RBI) is established nether RBI Act of 1934.
10. Account Holders ↓
Individuals together with organisations are the concern human relationship holders of Commercial Banks.
Banks together with Government are the concern human relationship holders of a Central Bank.
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