Commercial banks refer to a network of banks that provide a range of banking services to the individuals and commercial businesses.
Commercial banking could be broadly classified into
- Unit Banking - limited to a particular area / location
- Branch Banking - has multiple branches across different locations / areas
The following list provides the different lines of businesses that the Commercial banks handle:
- Asset Management - Bank Deposits, Mutual Funds
- Commercial Banking - Real Estate Finance, Export Finance, Trade Finance, New Business Finance
- Retail Banking - Deposits from Individuals, Loans to Individual, Small Business Loans, Card Services (Debit & Credit)
- Agency Services - Custody Operations, Corporate Trust Services, Corporate Agency (Issuer and Paying Agents), Escrow,
Depository, Securities Lending - Trading and Sale - Fixed Income, Equity, Foreign Exchange, Commodities, Credit, Funding, Lending. Brokerage
- Payment and Settlement - Collections, Payments, Fund Transfer, Clearing, Settlement