Commercial Bank definition

Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

Commercial Bank means a state or national bank or trust company which is a member of the Federal Deposit Insurance Corporation (or any successors thereto) and of the Federal Reserve System, which has a capital and surplus of $10,000,000 or more, and which is located within the United States of America.

Commercial Bank means a state or national bank or trust company which is a member of the Federal Deposit Insurance Corporation.

Examples of Commercial Bank in a sentence

• Such deductions will be made and held by AAI by way of Security Deposit unless he/they has/have deposited the amount of Security at the rate mentioned above in the form of Bank Guarantee (including e-Bank Guarantee) from any of the Commercial Bank (i.e. Indian or Foreign Banks included in the Second Schedule of Reserve Bank of India Act,1934 excluding Co-Operative/Regional Rural Banks).

• The security deposit as deducted above can be released against Bank Guarantee issued by any Commercial Bank (i.e. Indian or Foreign Banks included in the Second Schedule of Reserve Bank of India Act,1934 excluding Co-Operative /Regional Rural Banks), on its accumulations to a minimum of Rs. 5 lakh to the condition amount of such bank guarantee, except last one, shall not be less than Rs. 5 lakh.

• Deutsche Bank AG, Hong Kong Branch Guotai Junan Securities (Hong Kong) Limited The Hongkong and Shanghai Banking Corporation Limited Industrial and Commercial Bank of China (Asia) Limited Standard Chartered Bank Standard Chartered Bank (Hong Kong) Limited UBS AG Hong Kong Branch Trustee: The Hongkong and Shanghai Banking Corporation Limited.

More Definitions of Commercial Bank

Commercial Bank means a state or national bank or trust company which is a member of the Federal Deposit Insurance Corporation and which is located within the United States; and such term includes, without limitation, any “trust bank” as herein defined.

Commercial Bank means a state or national bank or trust company which is a member of the federal deposit insurance corporation, including without limitation any "trust bank" as defined in this section.

Commercial Bank means a corporation organized for the purpose of engaging in the commercial banking business.

Commercial Bank means a financial institution with assets of at least $1,000,000,000, and which accepts demand and time deposits and extends credit in the ordinary course of business.

Commercial Bank means a banking institution that conducts banking business in Zimbabwe and whose business mainly consists of the acceptance of deposits withdrawable by cheque or otherwise;

Commercial Bank means a bank as defined in section 1 of the Banks Act, 1965 (Act 23 of 1965);

Commercial Bank means any person or body of persons, corporate or unincorporate, which carries on in Sri Lanka the business of accepting from the public, or of creating, demand deposits, but does not include the Central Bank;