2025
Definition jof jbank jcommercial j(legal jdefinition) j- jANS✓✓-banking jdefined jas
jjurisdiction jby jthe jlegislation jcreated jand jregulated jby jthe jgovernment. jThe
jactivities jincludes jreceiving jdeposit jof jmoney, jmaking jadvances jor jlending
jand jpaying jor jcollecting jcheques
Definition jof jBank jCommercial jby jFSA j2013 j
& j4 jbusiness j- jANS✓✓-"A jperson jwhich jcarries jon jbanking jbusiness". jThe
jsaid jbusiness jare:
1. jAccepting jdeposits jon jcurrent jaccount, jdeposits jaccount, jsavings jaccount
jor jother jsimilar jaccount
2. jPaying jor jcollecting jcheques jdrawn jby jor jpaid jin j
3. jThe jprovision jof jfinance
4. jAny jother jbusiness jwith jthe japproval jby jthe jminister jof jfinance
- jcheques, jsavings jbook jand jATM jfacilities
5 jFunctions jof jCommercial jBank j- jANS✓✓--The jlargest jand jmain jplayers jin
jthe jbanking jsystem. j
¨Main jcharacteristic: jprovision jof jcurrent jaccount jfacilities jwhere jpayment jcan
jbe jmade jthrough jissuing jcheques j
1. jMobilisation jof jsavings
- jcurrent, jsavings j& jfixed jdeposit jacc
2. jProvision jof jfacilities jfor jits jcustomers jto jmake jpayments jand jreceive jmoney
- jcheques, jsavings jbook jand jATM jfacilities
3. jGranting jloans jand jadvances jto jbusinesses jand jindividual
- jwc, jinvestment jand jconsumption
4. jProvision jof jvarious jbanking jfacilities j& jservices jas jauthorised jby jBNM j
- jtrade jfinancing jservices, jcustody jservices jand jto jdeal jwith jforeign jexchange