Types of Banking

Types of Banking

Para banking- When Bank provide added banking services/facilities except the general banking facilities.
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. Ex: Bank of Baroda

Offshore Banking- Bank which accept currency of all countries.
Offshore banks are in those countries which declares them as Heaven Bank Country. Ex: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 in INDIA 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.

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