Did you know that India has six different types of banks? Each type of bank falls into a category based on its purpose. When one thinks about banks, the most common ones come to our mind. However, the majority of the banks that will come to your mind fall under just 1 category i.e. commercial banks. Apart from that, there are 4 more categories under which Indian banks are classified.
If you are in India and want to know more about the different types of banking institutions available, continue reading. In this article, we will be discussing the five most common types of Indian Banks.