briefly explain types of banks

in banking

csathish

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rahul Said..

The major types of banks in India are as follows:

Public sector banks in India - All government owned banks fall in this variety. Besides the Reserve Bank of India, the State Bank of India and its associate banks and about 20 nationalized banks, all comprises of the public sector banks. Many of the regional rural banks that are funded by the government banks can also be clubbed in this genre.

Private sector banks in India - A new wave in the banking industry came about with the private sector banks in India. With policies on liberalization being generously taken up, these private banks were established in the country that also contributed heavily towards the growth of the economy and also offering numerous services to its customers. Some of the most popular banks in this genre are: Axis Bank, Bank of Rajasthan, Catholic Syrian Bank, Federal Bank, HDFC Bank, ICICI Bank, ING Vysya Bank, Kotak Mahindra Bank and SBI Commercial and International Bank. The Foreign Banks in India like HSBC, Citibank, and Standard Chartered bank etc can also be clubbed here.

Cooperative banks in India - With the aim to specifically cater to the rural population, the cooperative banks in India were set up through the country. Issues like agricultural credit and the likes are taken care of by these banks.



rajasthan pre engineering test 2011 Said..

List of Banks in India
RBI
ABN AMRO Bank
Andhra Bank
Axis Bank
Bank of Baroda
Bank Of India
Barclays Bank
Canara Bank
Central Bank of India
Citibank
Corporation Bank
Dena Bank
Deutsche Bank
GE Financial
HDFC
HSBC
ICICI
IDBI
Indiabulls
Financial
Services
Indian Bank
Indian Overseas Bank
ING Vysya
Kotak Mahindra Bank
LIC Housing Finance Corporation
National Housing Bank
Oriental Bank of Commerce
PNB
Punjab & Sind Bank
Reliance Money SBI
Standard Chartered
Syndicate Bank
Union Bank of India
United Bank of India