6. TYPES OF BANK ON THE BASIS OF
FUNCTIONS
1. Central Bank
2. Commercial bank
3. Exchange banks
4. Saving banks
5. Agricultural banks
6. Industrial banks
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7. TYPES OF BANK ON THE BASIS
OF OWNERSHIP
A. Public sector banks
B. Private sector banks
C. Cooperative banks
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8. TYPES OF BANK ON THE BASIS
OF DOMICILE
A. Domestic banks
B. Foreign banks
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9. TYPE OF BANKS ON THE BASIS
OF SCHEDULING
A. Scheduled banks
B. Non-scheduled banks
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10. ISLAMIC BANKING
• Islamic banking or Islamic finance is related to the
activities that are related or complied with sharia.
Islamic banks don’t use any USURY, RIBA and
INTEREST which are the same things and are
prohibited in Islam.
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A bank is a commercial or state institution that provides financial services, including issuing money in various forms, receiving deposits of money, lending money and processing transactions and the creating of credit.