Types of Banking

1. Para banking- When Bank provide banking services except the general banking facility.
2. Narrow Banking- When banks invest its money in government securities instead investing in market to avoid risk.
3. Overseas Banking- Banks having branches in other countries besides its origin country.
Example: Bank of Baroda has maximum foreign branches by any indian bank
4. Offshore Banking- Bank which accept currency of all countries. Offshore banks are in those countries which declares them as Heaven Bank Country. Example- Swiss Banks
5. Green banking- Promoting environmental-friendly practices and reducing your carbon footprint from your banking activities.
6. Islamic bank- Those Banks which work according to Islamic Laws. Concept originate in Egypt. Islamic bank opens at Cochin in kerala in 2010.
7. Kiosk Banking- When we Deposit or withdraw money from booths , it is called Kiosk banking.
8.Defence Banking- Full banking services made available to all members of the Defence force, including non-uniformed personnel and other civilians.
9.Retail Banking- Retail banking refers to the division of a bank that deals directly with retail customers. Also known as consumer banking or personal banking, retail banking is the visible face of banking to the general public.
10 Banking on Wheel- to provide banking services in remote villages which are devoid of banking facilities as part its financial inclusion plan.
11. Wholesale banking-Wholesale banking is the provision of services by banks to organisations such as Mortgage Brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, institutional customers (such as pension funds and government entities/agencies), and services offered to other banks or other financial institutions.
12. Parallel banking – Parallel banks are defined as banks licensed in different jurisdictions that, while not being part of the same financial group for regulatory consolidation purposes, have the same beneficial owner(s), and consequently, often share common management and interlinked businesses. The owner(s) may be an individual or a family, a group of private shareholders, or a holding company or other entity that is not subject to banking supervision. Parallel banking relationships may exist, unknown to the supervisors of the parallel banks.