Published on Mar 19, 2018
TYPES OF BANK
Bank
A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank links together customers that have capital deficits and customers with capital surpluses.
Types of Bank
  • Para banking- When Bank provide banking services except the general banking facility. 
  • Narrow Banking- When banks invest its money in government securities instead investing in market to avoid risk.
  • Overseas Banking- Banks having branches in other countries besides its origin country. Example Bank of Baroda has maximum foreign branches by any indian bank 
  • 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
  • Green banking- Promoting environmental-friendly practices and reducing your carbon footprint from your banking activities.
  • Islamic bank- Those Banks which work according to Islamic Laws. Concept originate in Egypt. Islamic bank opens at Cochin in kerala in 2010.
  • Kiosk Banking- When we Deposit or withdraw money from booths , it is called Kiosk banking.
  • Defence Banking- Full banking services made available to all members of the Defence force, including non-uniformed personnel and other civilians. 
  • 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. 
  • Banking on Wheel- to provide banking services in remote villages which are devoid of banking facilities as part its financial inclusion plan.
  • 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.


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