BANK

A bank is a financial institution which deals with deposits and advances and other related services.
It receives money from those who wants to save in the form of deposits and it lends money to those who need it.

ACCORDING TO FUNCTIONS
Commercial Bank/Deposit Bank

Foreign Bank
Agriculture Bank

Exim Bank
Industrial Bank Central Bank Saving Bank Indigenous Bank

Commercial Bank/Deposit Bank

They provides short term loans to business and in

process to create money.

Those banks do banking business to earn profit. For e.g.: PNB, Indian Bank

Foreign Bank
Their head office is located in a foreign country.
It is regulated in their own country. They involve in the exchange of foreign currency. There are 40 foreign banks operated in India. For eg. HBSC, ABN, Bank of America.

Agriculture Bank
They provide loan for agriculture purpose to farmers

and those people who want to buy land for farming.

They do not work for maximizing their profit. For eg: NARBAD (National Bank of Agriculture and

Rural Development), RRB (Regional Rural Bank), PACS (Primary Agriculture Corporative Society)

EXIM BANK
The Export and Import Bank of India popularly

known as EXIM Bank.

It was established in 1982.
Under the Export Import Bank of India Act 1981 For the purpose of increasing Export trade of the

country.

INDUSTRIAL BANK
They provides loan for long term, medium term and

short term loan for Industrial purpose, technical development, and growth of industry etc.
For e.g.: IDBI (Industrial Development Bank of

India), SIDBI (Small Industrial Development Bank of India) SFC (State Financing Coorporation)

CENTRAL BANK
RBI is the central bank of India.
It has important place in monetary & banking system of

every country.
It control all the banks and services as a banker for the

govt.
Responsibility for maintaining stability of a country.
It also control credit on the country.

SAVING BANKS
The function of these banks are savest to small- small

saving of the country is the production work.

Such banks are functioning in Japan & Germany. In India the post office is the best example of saving

bank.

INDIGENOUS BANK
These banks include Moneylenders,Jewellers &

Mahajan.
Their establishment is small & economical. They also provide loan/finance for agriculture sector. They do not provide finance for large scale industries.

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