Yamini Beri answered this
there are 4 types of banks:
1. COMMERCIAL BANKS:-
~They are those institutions that deal in money .
~They are governed by Indian Banking Regulation Act 1949
~Their main function is lending or investment of money
They are further subdivided as:
*public sector banks- here the major stake is of the government, that emphasizes on social objectives than on profitability. Eg-SBI, PNB,IOB etc
*private sector banks- they r owned n controlled by the private promoters.Eg- HDFC, ICICI, Kotak Mahindra
2. COOPERATIVE BANKS:-
~They r governed by State Cooperative Society Act.
~they are meant essentially for providing cheap credit facilities to their members.
~it is an important source of agricultural financing in India.
3. SPECIALISED BANKS:-
~ they are the foreign exchange banks, industrial banks, development banks, import-export banks catering to specific needs.
~ they provide financial assistance to foreign trade and to projects which have a heavy turnover.
4. CENTRAL BANKS :-
~ they are those banks which supervises, controls and regulates all the activities of commercial banks.
~ it controls and coordinates currency and credit policies of any country.
~ The 'Reserve Bank of India' is the central bank of our country
1. COMMERCIAL BANKS:-
~They are those institutions that deal in money .
~They are governed by Indian Banking Regulation Act 1949
~Their main function is lending or investment of money
They are further subdivided as:
*public sector banks- here the major stake is of the government, that emphasizes on social objectives than on profitability. Eg-SBI, PNB,IOB etc
*private sector banks- they r owned n controlled by the private promoters.Eg- HDFC, ICICI, Kotak Mahindra
2. COOPERATIVE BANKS:-
~They r governed by State Cooperative Society Act.
~they are meant essentially for providing cheap credit facilities to their members.
~it is an important source of agricultural financing in India.
3. SPECIALISED BANKS:-
~ they are the foreign exchange banks, industrial banks, development banks, import-export banks catering to specific needs.
~ they provide financial assistance to foreign trade and to projects which have a heavy turnover.
4. CENTRAL BANKS :-
~ they are those banks which supervises, controls and regulates all the activities of commercial banks.
~ it controls and coordinates currency and credit policies of any country.
~ The 'Reserve Bank of India' is the central bank of our country
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Adrika Majumder answered this
Commercial bank , Private bank
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Devaraj Kj answered this
NATURE OF BUSINESS SERV1CES:
1. Intangibility: Cannot be seen, touched or smelled. Just can only be felt, yet their benefits can be availed of e.g. Treatment by doctor.
2. Inconsistency: Different customers have different demands & expectation.e.g. Mobile services/Beauty Parlour.
3. In Separability: Production and consumption are performed simultaneously .For e.g. ATM may replace clerk but presence of customer is must.
4. Inventory Loss: Services cannot be stored for future use or performed earlier to be consumed at a later date. e.g. underutilized capacity of hotels and airlines during slack demand cannot be stored for future when there will be a peak demand.
5. Involvement: Participation of the customer in the service delivery is a must e.g. A customer can get the service modified according to specific requirement.
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