TYPES OF BANK

Today in this post we will come to know about the types of banks in India :

1) The first type of bank is central bank :- Central bank means a bank which control and regulate all the banks of a country .

In our case that in india the name of central bank is RBI.

2) Later all the banks (For example -SBI, PNB, BOB,ALLAHABAD BANK, AXIS BANK, HDFC BANK etc) in India are broadly classified into two types:-

(a) SCHEDULE BANK

(b) UNSCHEDULE / NON- SCHEDULE BANK

3) The Schedule bank is further classified into :-

(A) COMMERCIAL BANK

4) The commercial banks are classified into following types :-

(a) PUBLIC SECTOR BANK

(b) REGIONAL RURAL BANK (RRB)

5) The private sector banks are further classified into following types :-

(a) INDIAN PRIVATE BANK

(b) FOREIGN PRIVATE BANK

6) The unschedule bank is further classified into :-

(a) CO-OPERATIVE BANK

7) The co – operative banks are further classified into :-

(a) STATE CO – OPERATIVE BANK

(b) CENTRAL / DISTRICT CO – OPERATIVE BANK

Thanks !!

BE HAPPY & BE COOL..

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