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What is the difference between an industrial bank and a commercial bank?
Wiki User
∙ 10y ago
An Industrial bank is a financial institute with a limited scope of services. These services consist of selling certificates that are labeled as investment shares and also accept customer deposits. These banks are also known as Morris Banks or Industrial Loan Companies. A commercial bank provides services such as accepting deposits, business loans and auto loans, mortgage lending, and investment products like savings accounts and certificates of deposit.
Wiki User
∙ 9y ago
Wiki User
∙ 10y ago1. Nature of Banking
Commercial Bank is a bank which primarily provides financial facilities to commercial activities.
Industrial Bank is a bank which primarily provides financial facilities to industrial or productive activities.
difference between commercial bank and industrial bank
2. Types of Loans Offered
Commercial Banks generally provides short-term loans for meeting working capital needs.
Industrial Banks generally provides long-term loans for meeting fixed capital needs.
3. Financing Period
Commercial Banks provides finance for a short duration.
Industrial Banks provides finance for a longer time period like 15 or 20 years.
4. Other Services Offered
Commercial Banks provides agency and general utility services to its clients.
Industrial Banks provides underwriting promotional and consultancy services to its clients.
Wiki User
∙ 13y agoCOMMERCIAL BANK - It is an institution whose business is to collect funds or money and other valuable from the public, keep them and make them available to their respective owners when required while rural banks are in charge of the development of the country.
Wiki User
∙ 13y agoa commercial bank is a bank that operates with a profit-earning goal ie a business bank while a non-commercial bank is a financial institution that operates with the aim of alleviating non-development conditions like low levels of entrepreneurial activities in the society through issue of loans at very low interest rates. such institutions are in most cases subsidized by the government.
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∙ 13y agoIf you think you knw you dont know the answerr
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