Types of Bank 1. Para banking- When Bank provide banking services except the general banking facility. 2. Narrow Banking - When banks invest its money in government securities instead investing in market to avoid risk. 3. Overseas Banking - Banks having branches in other countries besides its origin country. Example Bank of Baroda has maximum foreign branches by any indian bank 4. Offshore Banking - Bank which accept currency of all countries. Offshore banks are in those countries which declares them as Heaven Bank Country. Example- Swiss Banks 5. Green banking- promoting environmental-friendly practices and reducing your carbon footprint from your banking activities. 6. Islamic bank - Those Banks which work according to Islamic Laws. Concept originate in Egypt. Islamic bank opens at Cochin in kerala in 2010. 7. Kiosk Banking - When we Deposit or withdraw money from booths , it is called Kiosk banking. 8. Defence Banking - Full banking services made available to all members of the Defence force, including non-uniformed personnel and other civilians. 9. Retail Banking- Retail banking refers to the division of a bank that deals directly with retail customers . Also known as consumer banking or personal banking, retail banking is the visible face of banking to the general public. 10 Banking on Wheel - to provide banking services in remote villages which are devoid of banking facilities as part its financial inclusion plan. 11. Wholesale banking -Wholesale banking is the provision of services by banks to organisations such as Mortgage Brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, institutional customers (such as pension funds and government entities/ agencies), and services offered to other banks or other financial institutions.
Posted on: Mon, 12 Jan 2015 01:13:43 +0000
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