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Sujai Adithya
Business Development and Banking & Financial Services Expert
Asked a question 9 months ago

What are the different types of banks?

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Sujai Adithya
Business Development and Banking & Financial Services Expert

We know that all banks5 deal with money. But each type of bank performs a different function, and in that way, various types of banks are classified below: 

1.) Commercial Banks4

2.) Exchange Banks

3.) Industrial Banks

4.) Co-operative Banks

5.) Central Banks

6.) Savings Banks

7.) Retail Banks

8.) Investment Banks

9.) Shadow Banks5

10.) Regional Rural Banks

These are the different types of banks, and each type of bank deals with different operations.

Retail Banks
Commercial banks
Cooperative banks
Investment Banks
Specialized banks
Central banks
Retail Banks: