Category: Types of Banks FAQs

What is the purpose of banking?

The purpose of banking is to provide a wide range of financial services...

There are several different types of banks, each with its own specific focus...

Commercial banks and investment banks are two different types of financial institutions that...

Retail banks offer a range of services to individuals and small businesses. These...

Central banks play a crucial role in the banking system and in the...

Online or Digital Banks: Online or digital banks are financial institutions that operate...

What role do credit unions play in the banking industry? Credit unions play...

How do offshore banks operate? Offshore banks are financial institutions that are located...

National Banks: Regional Banks: Regional banks are financial institutions that operate within a...

Concept of Shadow Banking Shadow banking refers to the activities carried out by...