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Types of Banks Research Team | Saturday, February 21,2009, 07:44 PM

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 Research Team

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