1. Retail banks: Retail banking operations include acceptance of smaller deposits, loan operations of smaller size and other banking activities suitable for low net worth people. It is also called mass banking.
2. Development banks: Banking operations including finance aimed at development of the economy may be called development banking. It includes finance and assistance for both, industrial and rural development. This is done by specialized institutions like BSB, BSRS, and BKB etc. Now-a-days this is also done by nationalized commercial banks
2. Development banks: Banking operations including finance aimed at development of the economy may be called development banking. It includes finance and assistance for both, industrial and rural development. This is done by specialized institutions like BSB, BSRS, and BKB etc. Now-a-days this is also done by nationalized commercial banks