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Types of Banks in India

IndianMoney.com Research Team | Updated On Thursday, September 20,2018, 05:10 PM

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Types of Banks in India

 

 

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.

Types of Banks in India

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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