Types Of Commercial Banks


 
 
Concept Explanation
 

Types Of Commercial Banks

Commercial banks are of three types i.e.. Public sector banks, Private sector banks and Foreign banks.

Public Sector Banks:

These are banks where majority stake is held by the Government of India or Reserve Bank of India. Examples of public sector banks are: State Bank of India, Corporation Bank, Bank of Baroda and Dena Bank, etc.

Private Sectors Banks:

In case of private sector banks majority of share capital of the bank is held by private individuals. These banks are registered as companies with limited liability. For example: The Jammu and Kashmir Bank Ltd., Bank of Rajasthan Ltd, Development Credit Bank Ltd, Lord Krishna Bank Ltd., Bharat Overseas Bank Lid.. Global Trust Bank. Vysya Bank, etc.

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Question : 1

Bank having maximum number of branches in India is __________________

Right Option : B
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