The conversation between human and AI assistant.
What is the difference between commercial and non commercial banks?
Can you explain to me the difference between commercial and non-commercial banks?
Sure, commercial banks are financial institutions that offer services to individuals and businesses such as accepting deposits, making loans, and providing basic financial products like checking and savings accounts. Non-commercial banks, on the other hand, are government-owned or non-profit organizations that cater to specific communities or groups, providing services that are not offered by commercial banks.