Distinguish Betwixt Commercial Banking Concern As Well As Fundamental Bank

1. Function ↓

The original function of a Commercial Bank is to bring deposits from populace for the purpose of lending to manufacture in addition to others.

The Central Bank regulates money render inwards the country. It likewise acts equally a banker to the authorities in addition to to the other banks operating inwards a country.

2. Printing of Currency ↓

The Commercial Banks cannot impress currency notes in addition to brand coins.

The Central Bank of Republic of Republic of India (i.e. RBI) has the ability to impress currency notes from Rs.2 in addition to above.

3. Acceptance of Deposit ↓

The Commercial Bank accepts deposits from the public.

The Central Bank don't bring whatever deposit from the public.

4. Provision of Loans ↓

The Commercial Bank provides loans to the manufacture in addition to to the public.

The Central Bank provides loans to scheduled banks in addition to fiscal institutions.

5. Ownership ↓

Commercial Banks tin last owned past times somebody in addition to / or Government agencies.

Central Bank of Republic of Republic of India (RBI) is owned in addition to controlled past times Government of India.

6. Total Number ↓

There are several Commercial Banks currently operating inwards India.

However, at that spot is exclusively 1 apex Central Bank (i.e RBI) inwards India.

7. Framing Monetary Policy ↓

Commercial Banks produce non frame monetary policy of the country.

Central Banks frames monetary policy of a country.

8. Monitory Control ↓

Commercial Bank does non conduct maintain whatever command over Central Bank.

Central Bank monitors the working of all commercial banks.

9. Registration in addition to Establishment ↓

In India, Commercial banks are registered nether the Banking Regulation Act of 1949.

The Central Bank of Republic of Republic of India (RBI) is established nether RBI Act of 1934.

10. Account Holders ↓

Individuals in addition to organisations are the trouble organisation human relationship holders of Commercial Banks.

Banks in addition to Government are the trouble organisation human relationship holders of a Central Bank.