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A commercial bank is a financial institution that provides banking services to businesses and individuals. Commercial banks provide a range of services such as accepting deposits, providing loans and credit, and offering basic financial advice. They also provide services such as foreign exchange, merchant banking, investment banking, credit cards and ATM services.

Commercial lending banks  play an important role in the economy by providing liquidity to businesses and consumers and providing financial services.

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Commercial banks can be classified into two types: retail banks and investment banks. Retail banks are focused on providing services to the general public and offer a wide range of services such as checking accounts, savings accounts, mortgages, and consumer loans. Investment banks, on the other hand, are focused on providing services to corporations and other large-scale financial institutions. They provide services such as mergers and acquisitions, venture capital investing, initial public offerings, and corporate restructuring.

Commercial banks are highly regulated and must adhere to strict rules and regulations laid down by the applicable government and regulatory bodies. Banks are also subject to periodic audit by the central bank or other regulatory agencies. The purpose of these audits is to ensure that banks are following all of the applicable laws and regulations.

Commercial banks play an important role in the economy by providing liquidity to businesses and consumers. They also provide financial advice to individuals and businesses and help them manage their finances. Commercial banks are important for economic growth and stability and are essential for a healthy financial system.

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