Terms of the offer
In this comprehensive guide, we’ll explore the functions of Indian banks, types of banks including public sector, private sector, foreign banks, RRBs, and payment banks, as well as various Bank accounts and key banking concepts such as RTGS, UPI, IMPS, and more. Learn what a bank is, how banks work, the main types (retail, commercial, investment, and central), and tips on choosing the right one for your needs. Type of Banks In India: The banking system of any country is the backbone of that country’s economy, therefore, it is essential that it should be regulated by an authority that the public can trust. Every country has its own central bank which regulates the banking activities in that country. The body which regulates the banking system in India is the RBI. Banking awareness is one of the main sections asked in the mains examination of banking exams which contains various important topics ... Commercial banks in India include the State Bank of India, United Bank of India, ICICI Bank, HDFC Bank, etc. Commercial banks play a significant role in supplying funding to businesses for both immediate and medium-term needs.
