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CBSE Class 11-commerce Answered

Q.26 Define Commercial Bank. Explain its various functions. 
Asked by sntshtrk530 | 12 Sep, 2017, 03:40: PM
answered-by-expert Expert Answer

Commercial banks are governed by the Indian Banking Regulation Act, 1949. These are institutions which accept deposits from the public for lending or investment. They give interest to depositors and charge interest from lenders. 

Answered by Tharageswari S | 13 Sep, 2017, 11:16: AM
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