10 types of banks?

1. Retail banks
2. Commercial banks
3. Investment banks
4. Savings banks
5. Cooperative banks
6. Islamic banks
7. Development banks
8. Central banks
9. Private banks
10. Online banks

1. Central banks: Regulate the financial system, issue currency, and set interest rates.
2. Commercial banks: Accept deposits, make loans, and provide other financial services to businesses and consumers.
3. Investment banks: Assist companies in raising capital and provide other financial advisory services.
4. Savings banks: Offer savings accounts, certificates of deposit, and other deposit products.
5. Thrift institutions: Focus on providing mortgage loans and other housing-related products.
6. Credit unions: Member-owned financial cooperatives that provide banking services to their members.
7. Community development banks: Provide loans and other financial services to underserved communities.
8. Industrial banks: Specialize in lending to businesses and providing other industrial banking services.
9. Private banks: Offer personalized banking and investment services to high-net-worth individuals and families.
10. Islamic banks: Operate in accordance with Islamic banking principles, which prohibit the charging of interest.