List Of Different Types Of Banks

– Central Bank: The central bank is the apex monetary authority of a country. It is responsible for formulating monetary policy, issuing currency

– Commercial Banks: Commercial banks are the most common type of bank. They offer a wide range of financial services to individuals and businesses.

– Investment Banks: Investment banks specialize in providing financial services to corporations and governments.

– Retail Banks: Retail banks focus on providing financial services to individual consumers. They offer a variety of deposit accounts, loans, and other banking products and services.

– Credit Unions: Credit unions are member-owned financial cooperatives that offer a variety of financial services to their members, such as deposit accounts, loans, and credit cards.

– Online Banks: Online banks offer many of the same services as traditional banks, but they do so exclusively online.

– Offshore Banks: Offshore banks are located in countries with lax financial regulations.