Question

Mention the types of banks​

Answer 1

There are two broad categories under which banks are classified in India- SCHEDULED AND NON-SCHEDULED BANKS. The scheduled banks include COMMERCIAL BANKS AND COOPERATIVE BANKS. The commercial banks include REGIONAL RURAL BANKS, SMALL FINANCE BANK, FOREIGN BANKS, PRIVATE SECTOR BANKS, and PUBLIC SECTOR BANKS.

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Answer 2

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Types of Banks:

1. Commercial Banks: These banks play the most important role in modern economic organisation. ...
2. Exchange Banks: Exchange banks finance mostly the foreign trade of a country. ...

Industrial Banks: ...

1. Agricultural or Co-operative Banks: ...

• Savings Banks: ...
• Central Banks: ...
• Utility of Banks:

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