what are the main functions and role of commercial banks and why may the banks need to be supervised?
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A commercial bank typically takes in deposits (via checking and savings accounts for example) and lends money to others (via mortages and business loans for example.)  \n\nSo a commercial bank is a major source of financial capital in an economy.  If a person wished to open a restaurant, they could apply for a loan from a bank to get the money to start up.  If a person wanted to go to university, they could get a student loan from a bank to get the money.  If someone wanted to buy a car, they could ask a bank to lend them the money, etc.  \n\nBanks get the money to lend out by using the deposits they have taken in and from the government (Federal Reserve in the US)   A bank makes money, simply speaking, by making more money on the loans on its portfolio (banks charge interest obviously on loans) than they have to pay on their deposits (banks pay interest on the money deposited with them, like on CDs).   \n\nBanks need to be regulated because it could be disastrous if they become overextended.  I.e., if they make too many bad loans and they dont get their money from the borrowers, what will they give their depositors when they ask for their money?  this has happened before in the US and it is known as a "panic" or a "run on the banks".  Depositors get scared and demand all their money from the bank, but the bank no longer has the cash because it has lent so much money out.  \n\nThe Federal Reserve mandates that banks maintain a certain percentage of their assets as, essentially, unlendable.  To make matters simple, it means that must have a certain amount of cash on hand at all times that cannot be lent out so if there is a problem with their loan portfolio, the bank will meet the obligations of all its depositors.
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HMMM, In a bank,you might say the "credit department" actually gets the files ready for when the "state folks" come down to look at collateral on loans.This position also gives you a true picture of what a loan officer needs to make a "good loan".
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they maintain  cash reserves for various purposes. though i am not an economist or a banker but i have to give it a try. \n1. they maintain cash reserves for future purposes like\na. in case of any crime carried out in any of their branches they will have to fill it up from the cash reserve. \n2. for capital purposes and for expenditural purposes. eg. to open new branches and advertise new innovations in their services.
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See a Bank Loan officer.
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Their Mission Statement says:\n\n.... the Federal Reserve’s duties fall into four general areas:\n\n- conducting the nation’s monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates \n\n- supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers \n\n- maintaining the stability of the financial system and containing systemic risk that may arise in financial markets \n\n- providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system \n\n....\n\nI guess you'll have to pick three
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Being a teller I should know. \n1.Make loan payments\n2.Deposit or cash checks for customers\n3.Make withdrawls for customers\n4.Update information\n5.Answer any questions for the customer or refer them to some one who can help\n6.Answer phones\n7.Balance cash drawers\n8.Balance ATM's(not every bank has tellers do this)\n9.Process night deposits or mail deposits\n10.Refer customers to banking products\nI work at a small branch of a credit union and I have trained to open accounts,CD's, &IRA's, set up distributions and some other things that normally a member service rep would do. I also sell traveler's checks, Teller/Certified Checks, do Visa Cash Advances, and a lot of dual control. We also have to let people into their safe deposit boxes. Most larger banks have a seperate department for that. Head Tellers balance the vault and process the money orders for the other tellers. Large banks have commercial customers who call in change orders and you would get that together for them.
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A credit union is a gathering of the people to start a bank if you will. It counts on its people to survive and usually offers a higher interest rate on savings accounts, and lower interest rates on loans for its members than a bank will.  A bank has its own money to play with so it is less reliant on its members. If it is federally insured up to a significant number you have nothing to worry about.
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A merchandiser is in charge of displaying a company's products at retail stores in which they sell too. For example, Hershey's has a wide variety of products that they sell to grocery stores. Hershey needs someone to display the candy bars and baking goods in an orderly fashion that is most appealing to the customer's eye. (There are many studies that go into how products can be displayed best to catch the customer's eye.)\nThe general duties are to re-stock the products, make sure they have the correct price on them, and get rid of any products that may be damaged or expired.
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They assist in managing finances
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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.
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It is someone who takes care of Accounts Payable for a company. Receives invoices, gets them approved for payment, and remits payment for the invoices.
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A bank is a for-profit organization. Banks hold deposits, make loans, pay checks, and provide other related services for the public. They collect funds from three sources: demand, savings, and time deposits; short-term borrowings from other banks; and equity capital.\n\nA credit union is a not-for-profit financial cooperative that makes personal loans and offers other consumer banking services to individuals sharing a common bond or affiliation, such as a common employer. Because credit unions operate as not-for-profit institutions, they are exempt from both federal and local taxes. Consequently, credit unions can charge below-market rates on loans while paying higher rates to savers. A credit union gets its operating funds from shares purchased by individual owners, who are members. It also pays dividends (representing the payment of interest) out of earnings.
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work for the bank that your planning to rob or scam people into thinking that they getting a /personall business accounts by using a well know brand like Natwest, etc.
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Best scope in commercial organization and banking. Try ou luck.
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Financial analysts Procure, allocate and control finances.\n\nProcure: make sure that funds are available for use.\nAllocate: budgets or divides financial resources according to priority.\nControl: makes sure that funds are used as it was intended.
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Banking  is  a  global  business,  I  suggest  you  do   some of  your  own  homework  and  think  about  the  repercussions  of  lacking  staff  with  international  banking  skills  or  loosing  staff  that   had  the  skills.\n     You  will  be  a  mediocre  talent  yourself  unless  you  start  actually  learning  some  of  this.    Don't  YOU  want  to  be  an  asset  they  desire  to  hire  then  retain  ?
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The Uniform Commercial Code seems to regulate commercial loans with collateral (i.e. business loans).  Personal and real property loans (plain common law contracts) are governed by the state, as they are individual loans.\n\nGood Luck