Submitted by: Submitted by humayun891847
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Category: Other Topics
Date Submitted: 01/09/2014 09:38 AM
issuing money in various forms, receiving deposits of money, lending money, and processing transactions and the creating of credit.
Central Bank
A central bank, reserve bank or monetary authority, is an entity responsible for the monetary policy of its country or of a group of member states, such as the European Central Bank (ECB) in the European Union, the Federal Reserve System in the United States of America, State Bank in Pakistan.
Its primary responsibility is to maintain the stability of the national currency and money supply, but more active duties include controlling subsidized-loan interest rates, and acting as a "bailout" lender of last resort to the banking sector during times of financial crisis (private banks often being integral to the national financial system).
Commercial Bank
A commercial bank accepts deposits from customers and in turn makes loans, even in excess of the deposits; a process known as fractional-reserve banking. Some banks (called Banks of issue) issue banknotes as legal tender.
Investment Bank
Investment banks help companies and governments and their agencies to raise money by issuing and selling securities in the primary market. They assist public and private corporations in raising funds in the capital markets (both equity and debt), as well as in providing strategic advisory services for mergers, acquisitions and other types of financial transactions.
Saving Bank
A savings bank is a financial institution whose primary purpose is accepting savings deposits. It may also perform some other functions.
Micro Finance Bank
For the purpose of poverty reduction prog