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Yes. Central Bank of India, a government-owned bank, is one of the oldest and largest commercial banks in India. It is based in Mumbai. The bank has 3,563 branches and 270 extension counters across 27 Indian states and three Union Territories. It also has a large ATM Network that would run in the thousands just like its branches.
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Differences between functions of the central bank and commercial bank?
central bank does not accept deposit from customers whiles commercial bank does. central bank is responsible for issuing of currencies whiles commercial bank does not. central bank is accountable to the government whiles commercial bank is accountable to the share holders. central bank is not set up for profit but commercial bank is set up for profit. central bank is governed by an act of parliament whiles commercial bank is set up by an incorporation. central bank formulate monetary policies whiles commercial bank does not.
What are the ways the central bank can control the activities of the commercial bank?
explain four ways in which the central bank esercises control over commercial banks
Why a central bank may close down a commercial bank?
A central bank may close down a commercial bank if they feel that the bank isn't doing its duties correctly. If it is cheating customers or misusing funds or not following the guidelines laid down by the central bank it can be closed. Usually central banks give warnings to a bank if they find anything and if their warnings are not listened to, they resort to closing the commercial bank down as the last resort.
How central bank of nigeria controls other commercial banks?
central bank control other bank by giving them loan and it debited their account.
Why Net-Worth of commercial banks fall sharply when central bank apply moneyary policy?
Commercial Bank have Net worth 200,0000
Is reserve bank of India a commercial bank?
No. Reserve Bank of India is the central bank of India. It is not a regular commercial bank. It supervises and regulates the working and operations of all commercial banks in India. It has been in existence since the British Rule in India.
What do you mean by reverse repo rates?
# 2 Repo rate is the discounting rate at which central bank borrows security from commercial bank.Repo means repurchase agreement b/w RBI &commercial bank. Reverse repo is the rediscounting rate at which commercial bank borrows discounted security from central bank ie RBI.
How can you control the liquidity in system with CRR?
With Cash Reserve Ratio the Commercial Banks can keep money in Central Bank. So that amount of money keeps intact coz the commercial bank do not retain that with themselves. So if in a case the commercial banks need money they can easily opt for the aforesaid invested money with central bank.
Is state bank of India a central bank?
Yes and No. Actually speaking, there is a bank named Central Bank of India which offers commercial and retail banking services to citizens of India. At the same time, the term Central Bank of a Country refers to the bank that governs all banking operations in a country. If that is what you are referring to by central bank in your question, then Yes, Reserve Bank of India (RBI) is the central bank in the country.
What are functions of central bank India?
to provide loan to customers and other commercial banks. to check the functioning of commercial banks.
How can a commercial bank prevent closure from a central bank?
Well, friend, a commercial bank can prevent closure from a central bank by ensuring they follow all the regulations and guidelines set by the central bank. It's like painting a happy little tree – you want to make sure each brushstroke is done with care and precision. By maintaining a strong financial position, being transparent in their operations, and managing risks effectively, a commercial bank can create a sturdy foundation that will keep them standing tall even during challenging times.
How successful was DZ Bank?
By June 2004 DZ Bank had become both a central bank and a commercial bank and was one of the world's eight largest cooperative banks.
