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Types of Banks

    IndianMoney.com Research Team | Saturday, February 21,2009, 07:44 PM
 

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

IndianMoney.com Research Team

The research team at IndianMoney.com comprises of certified and experienced professionals who share the company's vision to make every Indian financially literate by equipping every Indian with right and unbiased advice. IndianMoney.com research team provides newsletters, articles, videos and FAQs on various financial products and concepts only to help you make wise financial decisions.

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