Types of banking

Types of Banking
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1. Para Banking
When Bank provide banking services except the general banking facility.
2. Narrow Banking
When banks invest its money in government securities instead investing in market to avoid risk.
3. Overseas Banking
Banks having branches in other countries besides its origin country. Example Bank of Baroda has maximum foreign branches by any indian bank
4. Offshore Banking
Bank which accept currency of all countries. Offshore banks are in those countries which declares them as Heaven Bank Country. Example- Swiss Banks
5. Green Banking
Promoting environmental-friendly practices and reducing your carbon footprint from your banking activities.
6. Islamic Bank
Those Banks which work according to Islamic Laws. Concept originate in Egypt. Islamic bank opens at Cochin in Kerala in 2010.
7. Kiosk Banking
When we Deposit or withdraw money from booths , it is called Kiosk banking.
8.Defense Banking
Full banking services made available to all members of the Defense force, including non-uniformed personnel and other civilians.
9.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.
10 Banking on Wheel
To provide banking services in remote villages which are devoid of banking facilities as part its financial inclusion plan.
11. 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.