Question

How many types of banks are there in India? Name them

Answer 1

Broadly speaking,the main two types of bank in India are "Scheduled" and "Non-scheduled" bank.

Explanation:

The banks which come under scheduled category are usually certified under the second schedule of the Reserve Bank of India Act of 1934.Some of the prominent examples of scheduled banks include commercial banks and cooperative banks,all private sector banks,all public sector banks such as SBI,PNB,Baroda Bank etc.,foreign banks(Citibank,Standard Chartered,HSBC),rural finance banks and so forth.

Some examples of non-scheduled banks in India include Akhand Anand Cooperative Bank Ltd.,Alavi Cooperative Bank ltd.,Amarnath Cooperative Bank Ltd.,Amod Nagrik Shahakari Bank Ltd.

Answer 2

There are many banks in India . Among them the most important ones are Central Bank , commercial bank , cooperative or mutual Bank , etc .