Types of Banking

Types of Banking

• Para banking - When Bank provide banking services except the general banking facility. 

• Narrow Banking - When banks invest its money in government securities instead investing in market to avoid risk. 

• Overseas Banking - Banks having branches in other countries besides its origin country. Example Bank of Baroda has maximum foreign branches by any indian bank 

• Offshore Banking - Bank which accept currency of all countries. Offshore banks are in those countries which declares them as Heaven Bank Country. Example- Swiss Banks

• Green banking - Promoting environmental-friendly practices and reducing your carbon footprint from your banking activities. 

• Islamic bank - Those Banks which work according to Islamic Laws. Concept originate in Egypt. Islamic bank opens at Cochin in kerala in 2010. 

• Kiosk Banking - When we Deposit or withdraw money from booths , it is called Kiosk banking. 

• Defence Banking - Full banking services made available to all members of the Defence force, including non-uniformed personnel and other civilians. 

• Retail Banking - Retail banking refers to the division of a bank that deals directly with retail customers. Also known as consumer banking or personal banking, retail banking is the visible face of banking to the general public. 

• Banking on Wheel - to provide banking services in remote villages which are devoid of banking facilities as part its financial inclusion plan. 

• Wholesale banking-Wholesale banking is the provision of services by banks to organisations such as Mortgage Brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, institutional customers (such as pension funds and government entities/agencies), and services offered to other banks or other financial institutions.