Education and Career Forum

Respected Sir, I want to apply for Banking jobs but I am confused which Bank should I apply for? I want to know what is the difference between Development bank and Commercial Bank? Which of them is better? Please answer as soon as possible.

Here is difference between commercial and development bank:

1. Commercial banks are set up as companies under Company Act whereas development bank are set up under special act passed by Government.

2. Development banks are multi purpose institutions whereas commercial banks are financial institutions.

3. Commercial banks accept deposits from public which are payable at demand. Development banks do not accept deposit. Main source of funds in case of development bank is borrowing, grants, sell of securities etc.

4. Commercial banks main objective is profit whereas development bank main objective is social profit that is to provide different kinds of service to people.

Commercial banks are better for career growth. You should aim to get a job in commercial banks.

What is the clear differences between merchant bank and development bank?

what is the clear difference between merchant bank and commercial bank??

Defrent between commercial bank and development bank

Development bank refers to a multi-purpose financial undertaking set up to provide financial aid to the industrial and agricultural sector, to encourage development. On the other hand, aim at achieving social profit, through effecting developmental projects.

Commercial Bank is the bank organized to perform public utility banking services, such as accepting deposits, lending money, etc. The main purpose of commercial banks is making a profit through interest earned by lending at a high-interest rate