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- Three types of banks are1234:
- Retail banks: These serve individual customers and provide services like savings accounts, loans, and credit cards.
- Commercial banks: They operate for profit and offer a wide range of financial services to businesses and individuals.
- Investment banks: These specialize in providing financial advice, underwriting securities, and facilitating mergers and acquisitions.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.There are several types of banks including retail, commercial, and investment banks. In most countries, banks are regulated by the national government or central bank.www.investopedia.com/terms/b/bank.aspThese are the most common types of banks and include public sector banks, private sector banks, and foreign banks.groww.in/bankingSome of the different types of banks are commercial or corporate, retail, central, and online banks. The different products and services offered by banks include home loans, business loans, credit and debit cards, a safe deposit box facility, etc.www.wallstreetmojo.com/banking-fundamentals/Types of Banks
- Central Bank A central bank functions as the apex controlling institution in the banking and financial system of the country. ...
- Commercial Banks It operates for profit. ...
investortonight.com/what-is-bank/ - People also ask
11 Types of Banks, How It Works and Who They're Best For
- Published: Nov 17, 2023
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- Commercial Banks. Commercial banks are designed for businesses and for commercial …
- Investment Banks. Investment banks are a bit different from the other two on the list. Their …
- Universal Banks. Universal banks offer a combination of retail, commercial, and investment …
- Credit Unions. Credit unions are types of financial cooperatives that offer typical banking …
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