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Banking Sector bank Bank - Coggle Diagram
Types :star:
Commercial Banks
- A commercial bank provides services like loans, certificates of deposits, savings bank accounts bank overdrafts, etc. to its customers.
Cooperative Banks
- Small Sized Banks.
- Members are the owners and customers of the banks
Central Banks
- RBI
- Regulation of the Indian banking system
Regional Rural Banks
- Scheduled Commercial Banks
- Serving rural areas
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Functions
- Monetary Authority
- Regulator and Administrator of the Financial System
- Managing Foreign Exchange
- Issuer of currency
