Yes, it is a major source of a banks income.
NO
Yes, it is a major source of a banks income.
Commercial banks, particularly such large national banks and bank holding companies as Fleet National, Chase Manhattan/Chemical, and Bank of America, emerged as major players in mortgage banking.
To make it easy for there customers commercial banks and the stock market both close on the same major holidays. The Government makes the choice to close the stock market and the commercial banks have followed in their path to also close on the major holidays.
Currently there are about 25 licensed commercial banks in Nigeria, these banks have been givenn license to carry out different commercial banking activities in Nigeria, however, it should be noted that there are other banking institutions (mortgage, microfinance etc) that also carry out different forms of banking activities in the country Their activities as related economy growth can be found here:
explain four ways in which the central bank esercises control over commercial banks
commercial banks, savings and loans associations, mutual savings banks, and credit unions.
Nearly every major financial institution offers commercial loans. To find out if you qualify for a commercial loan, arrange a meeting with a financial at one of the banks, such as BMO, CIBC or TD CanadaTrust.
Total number of private commercial banks is 36 including 8 Islamic commercial banks. And there are 9 foreign commercial banks in Bangladesh.
Most major Banking establishments have a commercial arm that is separate from the consumer side. UK banks such as Barlclays Group, HSBC and RBS all have commercial sides. There are also commercial only banking establishments as well such as JP Morgan and Goldman Sachs.
The future of commercial banks in India is very bright as one of its major function is providing business funds and more and more people in the country are now preferring business rather than profession or employment and therefore they require loans and the commercial banks are the ones to provide them with loans