Today Is the age of specialisation and we can find specialisation in all fields including banking. The Banks have specialised in a particular line of finance.
Various types of banks have developed to suit the economic development and requirements of the country. The Principal banking institutions of a country may be classified into the following types.
1.Central Banks
2. Commercial Banks
3. Industrial or Development Banks
4.Exchange Banks ( Authorised dealers in foreign exchange)
5. Co-Operative banks
6.Land Mortgage Banks
7. Indigenous Banks
8. Savings Bank
9. Supranational Bank.
10.International Banks.
Various types of banks have developed to suit the economic development and requirements of the country. The Principal banking institutions of a country may be classified into the following types.
1.Central Banks
2. Commercial Banks
3. Industrial or Development Banks
4.Exchange Banks ( Authorised dealers in foreign exchange)
5. Co-Operative banks
6.Land Mortgage Banks
7. Indigenous Banks
8. Savings Bank
9. Supranational Bank.
10.International Banks.
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