what are the main differences between commercial banks and the central bank?
87847
central banks regulates all financial institutions, including commercial banks. commercial banks accepts deposits and withdrawals, grant loans and other money matters.
698313
Retail banking is typical mass-market banking where individual customers use local branches of larger commercial banks. Services offered include: savings and checking accounts, mortgages, personal loans, debit cards, credit cards, and so forth.\n\nThis is very different from wholesale banking-.
813839
Each bank is different.  When I worked in banking, all you needed was a drivers license.
93266
central bank or bank job?
683298
State Bank of India \n\nThe origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in Calcutta on 2 June 1806. Three years later the bank received its charter and was re-designed as the Bank of Bengal (2 January 1809). A unique institution, it was the first joint-stock bank of British India sponsored by the Government of Bengal. The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) followed the Bank of Bengal. These three banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on 27 January 1921. \n\nPrimarily Anglo-Indian creations, the three presidency banks came into existence either as a result of the compulsions of imperial finance or by the felt needs of local European commerce and were not imposed from outside in an arbitrary manner to modernise India's economy. Their evolution was, however, shaped by ideas culled from similar developments in Europe and England, and was influenced by changes occurring in the structure of both the local trading environment and those in the relations of the Indian economy to the economy of Europe and the global economic framework.\n\nThe establishment of the Bank of Bengal marked the advent of limited liability, joint-stock banking in India. So was the associated innovation in banking, viz. the decision to allow the Bank of Bengal to issue notes, which would be accepted for payment of public revenues within a restricted geographical area. This right of note issue was very valuable not only for the Bank of Bengal but also its two siblings, the Banks of Bombay and Madras. It meant an accretion to the capital of the banks, a capital on which the proprietors did not have to pay any interest. The concept of deposit banking was also an innovation because the practice of accepting money for safekeeping (and in some cases, even investment on behalf of the clients) by the indigenous bankers had not spread as a general habit in most parts of India. But, for a long time, and especially upto the time that the three presidency banks had a right of note issue, bank notes and government balances made up the bulk of the investible resources of the banks.\n\n\n\nThe three banks were governed by royal charters, which were revised from time to time. Each charter provided for a share capital, four-fifth of which were privately subscribed and the rest owned by the provincial government. The members of the board of directors, which managed the affairs of each bank, were mostly proprietary directors representing the large European managing agency houses in India. The rest were government nominees, invariably civil servants, one of whom was elected as the president of the board. \n\nBusiness\n\nThe business of the banks was initially confined to discounting of bills of exchange or other negotiable private securities, keeping cash accounts and receiving deposits and issuing and circulating cash notes. Loans were restricted to Rs.one lakh and the period of accommodation confined to three months only. The security for such loans was public securities, commonly called Company's Paper, bullion, treasure, plate, jewels, or goods 'not of a perishable nature' and no interest could be charged beyond a rate of twelve per cent. Loans against goods like opium, indigo, salt woollens, cotton, cotton piece goods, mule twist and silk goods were also granted but such finance by way of cash credits gained momentum only from the third decade of the nineteenth century. All commodities, including tea, sugar and jute, which began to be financed later, were either pledged or hypothecated to the bank. Demand promissory notes were signed by the borrower in favour of the guarantor, which was in turn endorsed to the bank. Lending against shares of the banks or on the mortgage of houses, land or other real property was, however, forbidden.\n\nIndians were the principal borro
138191
The role of central banks is to regulate the supply of money and therefor to regulate the interest rate at which money is availalbe to other banks.  In so doing, they have a direct and immediate effect on the economy of a nation.
67412
Retail Banking is typical mass-market banking where individual customers use local branches of larger commercial banks. Services offered include: savings and checking accounts, mortgages, personal loans, debit cards, credit cards, and so forth.\n\nWholesale Banking is banking services between merchant banks and other financial institutions.
537427
Keep Banks as your priority as thay have to handle alot of cash, So litrally all the bank branches need a currency counting machine\n\nAccoutning Firms: - These firms deal in managing accounts of the company, and hence can require such machines.\n\nBig Companies: - Where the profit is very high\n\nUniversities, colleges, schools: - As alot of students enroll and huge amount of cash is recieved\n\n5 star and 4 star hotels: - They are in high demand during seasons and need something like this to manage their money
493210
The Fed does lose money in that specific case, however its overall operations cover the cost.  In addition, the Fed is a peculiar not for profit organization.  It has a statutory limit on its profitability.  Any excess profit is returned to the Treasury.  In addition to its lending activity the Fed charges fees for services just like other banks.
270924
Well they actually have nothing to do with each other.  Investment banking is an investment company function where a company invests money in other small companies.  The typical function involved is financial.\n\nInformation systems [in a corporate environment] are related to the data systems used to support the operations of the business -- from financial to manufacturing to marketing information is all held within corporation information systems.\n\nsource - i have an MBA with a concentration in information systems and have dealt with many investment bankers back in my dot-com days.
29951
Money Market is simply a generic name used to describe the market wherein banks and other financial institutions lend, borrow and trade money, Certificates of Deposit and other financial instruments. \n\nA Money Market Account is basically a premium account, or a high interest savings account.
1132383
Even "high interest" savings or Money market accounts pay less than the interest rate a bank charges for a loan. That's how banks make money. They take in money and pay a low interest rate, and then they lend money out at a higher interest.
620163
name the bank and country...
862393
The Bank of England (BOE) regulates the "commercial lending rate", which is the overnight rate for lending to other banks. Banks are required to keep a certain percentage of their deposits on hand and then lend the rest out.  They don't want to keep any excess money on hand as it is foregone income.  They don't want to have too little, because it is against the law. \n\nBanks want to lend out their money at higher rates, rather than lower. Ideally, they lend to consumers and businesses at a high rate (the trade-off being risk for returns). The rest, they lend to other banks that need the liquidity to top them up to their reserves (low risk, low returns). If nobody wants it, you lend to BOE overnight for the lowest rate (no risk, lowest returns).  This is analagous to the US' Federal Reserve overnight deposit rates.  \n\nSo the BOE directly affects the very shortest interest rates (overnight), but they do not directly affect what happens "out the curve" - that is on loan/deposit terms longer than one day.  Banks make up their own terms of interest rates, but are tightly limited by currency/interest rate arbitrage and competition from other banks. That is, the currency, futures and interest rate markets are all intertwined - making it almost impossible for banks to have widely different interest rates (in the same market) due to interest rate/currency arbitrage.\n\nShort-term deposits (checking, savings, money markets) are less market-efficient than long-termed deposits due to some oligopoly power in banking and high service costs to serving deposits. That's really a long-winded answer for "you are a peon with little money, so they gouge you on rates as much as you can because you don't have an alternative".  As your deposit balance goes up, you'll find your bank becomes REALLY friendly with you. As a result, your savings account generally goes in the same direction as the BOE rate - but not necessarily lockstep.  \n\nThat's why it's nice to occassionally get an institution that offers deposits thare ARE linked to official rates. You don't feel like you're getting screwed.    \n\nThat's a really long, confusing answer. Sorry.
567785
the main difference is the architecture adn the other is that...............\n\nAlmost all the northern temples are located or reserved to the river sides only,\n but the sourthern temples are not reserved to the river banks but very few of them.
593379
what is the difference between the two
1144750
RBI is the regulator of all the commercial banks in India.  In US Federal Reserve does that and in Singapore Monetary Authority of Singapore (MAS) does that.  RBI is independent and answerable only to the Parliament and not to the Govt.  But they work in sync and not cross purpose.\n\nTo answer your question, it doesn't function like other banks to accept deposits and service customers. During critical period it works like a banker's bank providing funds to the commercial banks.\n\nPlease have a look at their website.\n\nGood luck.