Commercial banks- Commercial banks are the banks which do the banking business with the aim of earning profits. They accept deposits from the public and lend them to traders, manufacturers, and businessmen.
There are three types of commercial banks- (a) Public sector banks- These are banks where majority of the shares are held by the Government or the Reserve Bank of India. Examples of public sector banks are State Bank of India, Bank of Baroda, Bank of India etc (b) Private sector banks- These are the banks where the majority of shares are held by private individuals/entities. Example, HDFC Bank, ICICI Bank, Axis Bank etc. (c) Foreign banks- These are the banks which are registered outside of India but have their branches in India. Example, Citibank, Standard Chartered Bank, HSBC etc. Suggested for further reading- Various Types of Banks Leave a Reply. |