spot_img

Banking and Different Types of Banking | JAIIB & CAIIB 2022 TOPICS

Banking and Different Types of Banking | JAIIB & CAIIB 2022 TOPICS

As the CAIIB Exams are nearing, the time to prepare for the latest CAIIB exam NOV / DEC 2022 is decreasing. You must keep up with the CAIIB studies if you want to crack the CAIIB this November & December 2022 attempt.

And Learning Sessions to help the candidates preparing for CAIIB exams keep on posting the CAIIB notes & updates that are very important for the IIBF CAIIB exams 2022.

Full Course Videos in Hindi English
Check Here
————————————————————-
jaiib ppb short notes part 1
Check Here
————————————————————-
jaiib exam free study material
Check here
————————————————————-
jaiib study material pdf notes 2022
Get Tests Here
————————————————————-
how to prepare for ppb
Check Here

In this article, CAIIB candidates can read all about the Types of Banking conducted in the banking industry. The candidates who want to pass CAIIB this one time, must do their CAIIB preparation 2022 right. And having the latest Certified Associate of the Indian Institute of Bankers Video lectures will help you to do so.

Let us begin with the topic: Types of Banking which has been taken from the syllabus of CAIIB NOV 2022.

 

here are various Types of banking available in the market which differ due to their structure, their reach and other factors. We have tried to cover them all in this single article to make it understand you all types of banking once at a time.

TYPES OF BANKING

Para Banking:

Para banking activities are defined as those banking activities which a bank performs apart from its daily activities like withdrawal or deposit of money. Under para banking activities banks can undertake activities either departmentally or by setting up subsidiaries.

Narrow Banking:
This is a type of banking in which banks invest money mostly in government bonds and securities. This is done to avoid risk in the market. Banks dedicated to such type of banking are also known as Narrow Banks.
Offshore Banking
When a bank accepts currencies of countries abroad, such an activity is known as Offshore banking Sometimes people require more than their local banks can offer. In such cases, they opt for Offshore banking. It provides financial and legal benefits like privacy and minimal taxation.
Green Banking
Green banking promotes deployment of clean energy technologies.
It stresses on environmentally friendly practices and aims at reducing the carbon footprint from banking activities. These activities seek to reduce costs of energy for ratepayers, private sector investments and other economic activities.
Retail Banking
Retail banking is a type of banking in which direct dealing with the retail customers is done. This type of banking is also popularly known as consumer banking or personal banking
Retail banking is the visible face of banking to the general public.
Wholesale Banking
Wholesale banking can be referred to as the services provided by banks to organisations like Mortgage Brokers, corporate clients, medium scale companies, real estate developers and investors, international trade finance businesses, institutional customers (such as pension funds & government agencies) and services offered to other banks or financial institutions.
Universal Banking
The recommendation of the concept of Universal Banking was done by the R H Khan committee. This is a type of banking in which banks are allowed to undertake all types of financial activities regarding banking or development in accordance with the statutory and other requirements of RBI, Government and related legal Acts.
Universal Banking includes activities like accepting deposits, issuing credit cards, investing in securities, merchant banking, foreign exchange operations, etc.
Islamic Banking
Islamic banking is a kind of banking activity which strictly follows the principles of the Islamic law (Sharia) and its application practically through the development in Islamic economics
A better and more apt term for Islamic banking is Sharia Compliant Finance.
Unit Banking
USA is where such type of banking was first introduced. In such a type of banking, all the operations are performed from a single branch. A customer having an account in a specified branch has to undergo all banking activities through that branch.
Examples are Regional Rural Banks and Local Area Banks.
Mixed Banking
Mixed banking is a type of banking in which deposits and investment activities take place simultaneously. It can also be described as the dual functioning of investment banking and commercial banking.
Chain Banking:
Chain banking is a type of banking which is a group of minimum 3 banks held together by a group of people to carry out effective banking activities.
Instead of having a holding company the bank functions independently.
The revenue is maximized since there is no overlap of activities.
Relationship Banking
In such a type of banking, the the major needs of the customers are understood by the bank and accordingly banking services are provided to the individual.
Banks get to know if the customer is credit worthy since they have to gather information about its customers.
Correspondent Banking
In more than 200 countries, this type of banking is prevalent and is considered the most profitable way of doing business. In such a type of banking, the bank does not have a physical presence or any limitations in the permission of operations.
It acts as a banking agent for a home bank.

PASS CAIIB THIS NOVEMBER 2022 FOR SURE | CAIIB VIDEO LECTURES NOV 2022

  • Live + Recorded CAIIB Video Lectures (latest)
  • Lectures delivered by expert faculty of CAIIB
  • 24 by 7 access to CAIIB videos & notes
  • Access through apps & browser
  • Unlimited views of lectures
  • CAIIB Mock Tests
  • CAIIB case studies
  • Memory Recalled Questions from past CAIIB exams
  • Downloadable lectures of CAIIB for offline watching (recorded ones)
  • Most reasonable prices
  • Flexible packs as per candidates requirements
  • English language / Hinglish language both are available

 

Access the Latest CAIIB – courses (Advanced Bank Management, Bank Financial Management, Retail Banking, Human Resources Management, Information Technology, Risk Management, Central Banking) through:

 

TALK TO US

To get offers on the CAIIB or other IIBF Certification Exams or Bank Promotion Exams (all scales), you can talk to us on our Whatsapp No.: 8360944207

If you need any guidance in selecting the pack, you can also do so by contacting the Mobile no. provided above.

For regular banking related updates & free updates you can join us on:

 

All the Best for your Exams!

Team: Learning Sessions

Also Like:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

🤩 🥳 LS NEW OFFER 🥳 🤩spot_img
🤩 🥳 JAIIB CAIIB CLASSES 🥳 🤩spot_img
Learning Sessionshttps://iibf.info
Btech, JAIIB CAIIB and a tutor. Have taken more than 900+ hours online classes with more than 1,25,000 students
🤩 🥳 JAIIB NEW BATCH START 🥳 🤩spot_img

POPULAR POST

RELATED ARTICLES

Clear CAIIB Exam in 15 Days for Sure

Clear CAIIB Exam in 15 Days for Sure   IIBF 2022: IIBF is a national apex body that offers online courses in various banking and finance...

Profit and Loss Appropriation Account

PROFIT AND LOSS APPROPRIATION ACCOUNT | JAIIB & CAIIB TOPICS   This article discusses Profit And Loss Appropriation Account and JAIIB study material Nov 2022. IIBF...

Basel 3: CCCB – Countercyclical capital Buffer

BASEL 3 CCCB | COUNTERCYCLICAL CAPITAL BUFFER   This article discusses the Basel 3 CCCB and our JAIIB study material Nov 2022. The JAIIB exam is held...

JAIIB Principles and Practices of Banking Study Material Live Class Previous Year Questions Part 12

JAIIB PPB STUDY MATERIAL LIVE CLASS | PREVIOUS YEAR QUESTIONS PART 12   https://www.youtube.com/watch?v=ceqqmWEnKkw   JAIIB exam is one of the premium flagship courses offered by IIBF twice...