Central banks are those banks that regulate the working of commercial banks and formulate monetary policies. In contrast, commercial banks are financial institutions that accept deposits and give loans to the general public.
Central banks are public institutions owned by the government, whereas commercial banks can be both public and private institutions.
Central banks have the authority to print currency, whereas commercial banks have no such power.
Central banks are the banker to the government; commercial banks are for citizens.
The central bank’s objective is social welfare, whereas the objective of commercial banks is earning profits.
Final Answer: Central bank is the apex banking institution, which controls all other commercial banks of a country, whereas commercial banks are just an agent of the central bank.