Virtual or internet banking is a system where all the transactions of the bank are done online and there are no physical branches of the banks. It is the latest technological breakthrough to provide the customers the ease of banking while on the go i.e. they don’t...

India lives in villages and they comprise a major portion of the Indian population. Financial inclusion will be complete if banking services are made available at ease to the people who are totally unaware of its benefits and are too poor to start with a minimum balance...

There are several types of banking undertaken by various types of banks all over the world. On the basis of the organization, the banking may be either Branch Banking or Unit Banking. On the basis of their lending practices, it may be pure banking or mixed banking....

Correspondent banks are financial institutions that provide banking or financial services on behalf of other equal or unequal financial institution. These are used to conduct banking operations in foreign countries as the domestic banks have limited access to foreign markets and cannot directly reach clients. They need...

Relationship banking involves going the beyond the normal banking services and understanding customer’s needs before offering him any special product. The knowledge about existing and potential clients is essential for all banks. The customers don’t give away certain details in routine banking operations. The banks have thus...

Wholesale banking involves providing banking services to other commercial banks, mortgage brokers, large corporate, mid-size companies, real estate developers, international trading businesses, institutional customers or other corporations.  The services which come under the net of wholesale banking involves wholesaling, underwriting, market making, consultancy, mergers and acquisitions, joint...

Retail banking in India has grown in leaps and bounds in the recent past. Not long back, the entire world economy was gripped in a spiralling recession which emanated from the sub-prime housing crisis in US. Emerging markets which were not heavily dependent on US for growth...

Chain Banking is a form of banking when a small group of individuals control three or more banks which are independently chartered.  Individuals secure enough stocks to get the controlling interest in the banking corporations involved. The management can also be established via a board of directors...

Mixed banking is an approach where banks undertake both commercial and industrial banking and is a popular banking model in countries like Germany and Japan. German banks present a typical case of banking where they undertake multiple functions and are thus referred to as ‘Universal Banks’. The...

Unit Banking is a system of banking wherein a bank operates in a limited area, does not open any branches in other places and is more responsive to local needs. These independent and isolated units have to take care of the entire banking operations and maintain good...