Commercial banking refers to the services and activities provided by financial institutions, such as banks, to individuals, businesses, and other organizations. These banks are sometimes referred to as "retail banks" because they primarily serve the general public and small to medium-sized businesses. Commercial banks play a crucial role in the economy by facilitating various financial transactions and providing a range of financial products and services.



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Here are some key aspects of commercial banking:



Deposits: Commercial banks accept deposits from individuals and businesses. These deposits can be in the form of savings accounts, checking accounts, certificates of deposit (CDs), and other types of accounts. Customers deposit their money in banks for safekeeping and may earn interest on these deposits.
Lending: One of the primary functions of commercial banks is to lend money to individuals and businesses. They provide various types of loans, including personal loans, auto loans, mortgages, and business loans. Banks charge interest on these loans, which is a source of revenue for them.
Payments and Transfers: Commercial banks enable customers to make payments and transfer money. This includes providing services such as wire transfers, electronic funds transfers (EFT), online bill payments, and issuing checks and debit cards.
Investment Services: Many commercial banks offer investment services, such as brokerage accounts and investment advisory services. They help customers invest in stocks, bonds, mutual funds, and other financial instruments.
Currency Exchange: Commercial banks provide foreign exchange services, allowing customers to exchange one currency for another. This is important for international trade and travel.
Safe Deposit Boxes: Banks often offer safe deposit boxes for customers to store valuable items and documents securely.
Credit Cards: Commercial banks issue credit cards to qualified customers. Credit cards allow users to make purchases on credit and pay back the balance over time.
Financial Advice: Some commercial banks offer financial advisory services, helping clients with financial planning, retirement planning, and wealth management.
Online Banking: In the digital age, commercial banks provide online banking services that allow customers to manage their accounts, make transactions, and access various banking services through the internet or mobile apps.
Risk Management: Commercial banks assess and manage various types of financial risks, including credit risk, interest rate risk, and liquidity risk. They also provide risk management services to corporate clients.


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Commercial banks are subject to regulatory oversight and must comply with banking laws and regulations in the countries where they operate. These regulations are in place to protect the interests of depositors and maintain the stability of the financial system.

In summary, commercial banking encompasses a wide range of financial services that are essential for individuals, businesses, and the broader economy. These banks are an integral part of the financial system, facilitating economic growth and stability.



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