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Kiaan Lewis
Kiaan Lewis

What is the structure and function of banks?

The banking structure in India is a well-organized network designed to meet diverse financial needs. It comprises commercial banks, cooperative banks, regional rural banks, and specialized financial institutions. These banks serve critical functions, such as accepting deposits, providing loans, facilitating payments, and supporting economic growth. Commercial banks dominate, including public sector banks, private sector banks, and foreign banks. Cooperative banks cater to rural and semi-urban areas, while regional rural banks address agricultural and small-scale sector needs. With Jaro Education, explore the intricacies of banking operations and their role in India's economic framework, empowering professionals with valuable financial knowledge.

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