Definition of Central Bank

CENTRAL BANKS

Central Bank is the most important and premier bank of the country. Every developed and developing countries have their own central bank. The banking structure of the country revolves around it. The central bank is the head, the leader, the supervisor and the regulator of banking and monetary system of Read more…

commercial banking

COMMERCIAL BANKS

The commercial banks are the institutions which collect the idle money from the public as deposits and distribute the money so collected among the entrepreneurs in the shape of loans and advances to be used for productive purposes. They generally avoid giving loans for unproductive purposes. The commercial banks also Read more…

industrial banking

INDUSTRIAL BANKS

These banks are established for industrial development of a country. They specialize in advancing medium and long-term loans to the industries. Since the industrial banks have long term deposits from the investors and savers in result of their attractive and profitable plans and schemes, they are in a position to Read more…

agricultural development banking

AGRICULTURAL BANKS

These banks provide loans for agriculture and related activities like dairy farming, fish farming, bee farming, sheep farming etc. So special banks are established to solve the problems and meet the requirements of rural sector. There are agricultural banks in most of the countries to meet the credit requirements of Read more…

foreign exchange banking

EXCHANGE BANKS

Foreign exchange banks play a great role in whole world by their contribution related to forex. These banks and their functions are entirely different from Commercial banking system. These banks deal in foreign currencies. They specialize in foreign exchange and finance foreign trade. The banks accept the ownership to settle Read more…

investment bank

INVESTMENT BANKS

Investment banks are different in nature than other banks. The main function of these banks are the merchandising of shares, bonds and securities. In view of increase in demand by the customers for advisory and structured finance transactions, Investment Banking is established to provide comprehensive financial solutions to its clients Read more…

savings bank definition

SAVINGS BANKS

Savings Bank is basically a financial institution that pools the investment and savings from general public and in return, they pay interests and dividends to them. The purpose of these banks is to encourage and collect savings of the people. In some countries, these are in the form of institutions Read more…

mortgage banking

MORTGAGE BANKS

Undertakings of these banks are to mortgage land, house and other property from the individuals and corporate entities and advance them loans (which may be long term, medium term and long term) after necessary formalities including evaluation of the mortgaged property. The bank may be governed by the government of Read more…

cooperative banking

COOPERATIVE BANKS

These banks are formed under Cooperative Society Act and run by the Board of Directors nominated by the relevant government authorities. Most of them having also the status of Scheduled Banks. These banks are mostly concerned with small businesses and operate at local level. There is a network of these Read more…