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Types of Banks

IndianMoney.com Research Team | Updated On Monday, November 17,2014, 04:43 PM
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Types of Banks

 

Financial requirements in a modern economy are of a different nature, distinctive variety and large scale. Hence, different types of banks have been instituted to provide to the varying needs of the community.

Banks in the organized sector may, however, be classified in to the following major forms:

  • Central bank
  • Commercial banks
  • Co-operative banks
  • Regional Rural Banks (RRB)
  • Specialized banks
  • Investment banks
  • Merchant banks
  • Other Banks

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IndianMoney.com Research Team

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