Definition of different Bank

[Golam Kibria]

There are lot of Bank in this world. In this post, please post all the definition of all kind of Bank in this world. The definition is very important for us as a student of BBA. Because many students want to get job in reputed Bank. So it is important to learn about the different kind of Banks.
Read and learn about different banks.

[Golam Kibria]

Investment Bank

A financial intermediary that performs a variety of services. This includes underwriting, acting as an intermediary between an issuer of securities and the investing public, facilitating mergers and other corporate reorganizations and acting as a broker for institutional clients.
The role of the investment bank begins with pre-underwriting counseling and continuous after the distribution of securities in the form of advice.


Commercial Bank

A financial institution that provides services such as a accepting deposits and giving business loan. This kind of Banks get interest from the loan taker and provides interest to the depositors. They collect the money form depositors and give that money to the loan takers as loan.

Central Bank

Central Bank is the main Bank of a country. This Bank controls the all economic situation of a nation. Like, inflation rate, employment of a nation, to give guideline to commercial Banks of that nation.

[goodboy]

Consumer Bank

It is a retail banking system, where bankers & other intermediaries works with a favor to consumer or customers priority benefits. Here banks grows up a relation with consumer that directs the flow of direct transactions between them. In a whole, where consumers get the easy processes to perform their banking job with the bankers, that is called consumers bank.

[Golam Kibria]

Co-operation Bank:

Co-operative Bank is a financial entity which belongs to its members, who are at the same time the owners and the customers of their Bank.
Co-operative Banks are often created by the persons belonging to he same local or professional community or sharing a common of sharing a common interest. Co-operative Bank generally provide their members with a wide range of banking and financial services like loans, deposits, banking account etc.

Industrial Bank

A financial institution with a limited scope of services. Industrial banks sell certificates that are labeled as investment shares and also accept customer deposits. They then invest the process in installment loans for consumers and small business. These banks are also known as Morris Bank of Industrial Loan Companies.

[Golam Kibria]

Merchant Bank

A bank that deals mostly (but is not limited to) international finance, long-term loans, for companies and underwriting. Merchant Banks do not provides regular banking services to the multinational corporations.

Mutual Savings Bank

A type of thrift institution originally designed to serve low-income individuals that historically invested in long-term, fixed rate assets such as mortgage.

Export Import Bank

A federal agency responsible for facilitating international trade by financing the purchase of domestic exports and providing guarantees or insurance for foreign lines of credit.

[sethy]

Thank you for your post. Would you plz write about the definition of transportation bank and mixed bank?

[goodboy]

Transportation Bank

It is the type of banking that usually lends money, collects deposits, issues transport licences, road permit task formalities & other related works. Specially their main concern is to develop the transport facility under govt. regulations. But unfortunately there are are no such banks in BD. Commercial banks are performing the tasks.

Mixed Banking

Generally it is a type of mixture of investment & commercial activities. It is a special type of bank which performs unit, grouping & chain banking concerns.

[Golam Kibria]

International Bank

International Banking is the process in which financial institutions allow foreign clients both companies and individual to use their services. Perhaps the most talked about international banks are located Switzerland. Many individual and companies participate in international banking to minimize (or evade) their tax liability. In addition, several international organizations have made recent efforts to curb the use of international banks as tax havens.

[sethy]

Thank you Sojib. Is there any transportation bank in world?

[goodboy]

Hmm.....there are some transport facilitated banks in USA, but not so formal as in this regard. I mean to say that is no specialized bank that do only transportation banking.

Thank you.

[sethy]

Thank you very much Sojib.

[Golam Kibria]

Mixed Bank

Certain banks undertake both commercial and industrial banking. This system knows as mixed banking. The feature of mixed banking is to attract deposits and raise capital and loans from the public and make them available to industries for both short and long periods. The traditional view of banking was that commercial bank should strictly confine themselves to short term lending and maintain a high degree of liquidity as they are traders in other’s deposits. But banks in some European countries activity lend to industries for long term and subscribe to share capital of new companies. Such banks in Germany are known as universal bank or mixed banks as they combine commercial banking with industrial finance.

Regional Bank

In the US, the term regional bank used to describe a midsized depository institution that is larger than a community bank, but smaller than one of the large money center banks. The term regional bank does not have an exact definition, but a regional bank has certain characteristics. First, in a list ranked by assets a regional bank would not make the top 5, but the largest of these would be in the top 25. Second, a regional bank has a presence in a single geographic region, perhaps spanning more than one state. Third, the regional bank probably does not have any international presence. Fourth, the regional bank probably has more than a handful of retail branches.

[Golam Kibria]

Unit Bank

Banking system in several states that prohibits branching, or operation of more than one full-service banking office. Banks operating in these states, located principally in the Midwest, are sometimes referred to as unit banks.

Group Bank

Banking system in several states that prohibits branching, or operation of more than one full-service banking office. Banks operating in these states, located principally in the Midwest, are sometimes referred to as unit banks.

Chain Banking
Conceptually a form of bank governance that occurs when a small group of people control at least three banks that are independently chartered. Usually, the controlling parties are majority shareholders or the heads of interlocking directorates. Chain banking as an entity has declined with the surge in interstate banking.

[Golam Kibria]

Community development corporation

Bank-sponsored financial institution, also called a community development corporation, making business loans and mortgages in economically distressed communities. Community development banks are backed by federal deposit insurance and may receive startup capital from federal grants or from banks and savings associations.

International Bank

International Bank is this bank which provide the service through out the world. International bank provides international facility to their customers for easy business. For export and import international bank is adding very important role .

[Md. Fouad Hossain Sarker]

Nice post.