There are various types of banks which operate in our COUNTRY to meet the financial requirements of different CATEGORIES of people engaged in agriculture, business, profession ETC. Banks can be classified into various types on the bases of their FUNCTIONS, ownership, domicile, etc.

CLASSIFICATION on the Basis of functions:
• Central Bank
• Commercial Banks
• Industrial Banks
• Agricultural Banks
• Specialized Banks
• Exchange Banks
• Savings Bank
• World Bank

Classification on the Basis of Ownership:
• Public Sector Banks
• Private Sector Banks
• Co-operative Banks

Classification on the basis of Domicile
• Domestic banks
• Foreign banks

There are various types of banks which operate in our country to meet the financial requirements of different categories of people engaged in agriculture, business, profession etc. Banks can be classified into various types on the bases of their functions, ownership, domicile, etc.

Classification on the Basis of functions:
• Central Bank
• Commercial Banks
• Industrial Banks
• Agricultural Banks
• Specialized Banks
• Exchange Banks
• Savings Bank
• World Bank

Classification on the Basis of Ownership:
• Public Sector Banks
• Private Sector Banks
• Co-operative Banks

Classification on the basis of Domicile
• Domestic banks
• Foreign banks