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Different types of banks in india and their functions

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different types of banks in india and their functions

Granting loans to the government, general public, and corporate and accepting deposits counts as the primary function. There are four types of. A banker (i.e., person or a corporation) deals in credit and money i.e. it accepts deposits from those who want to commit their wealth to safety and earn interest. SBI & Associates. different types of banks in india and their functions

Different types of banks in india and their functions -

Foreign banks in India are required to adhere to all banking regulations, including priority-sector lending norms as applicable to domestic banks. This process of consolidation has resulted in a steep decline in the total number of RRBs to 56, as compared to at the end of March Public sector banks are those in which the government has a major stake and they usually need to emphasize social objectives than on profitability. Industrial banks provide this type of Mock capital. Their share in the internal trade of a country is usually small. However, some of the larger foreign banks have also made consumer financing a significant part of their portfolios. Tell us your opinion in the comments below. This is a really great article. Top 14 Functions of Commercial Banks — Discussed! As of Marchthere were such banks in the country.

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3 Comments

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