Types of Financial Institutions

Retail banks serve as the cornerstone of the financial system, providing essential services to individuals and small businesses alike. Their role extends beyond basic deposit and loan functions, shaping economic stability and personal financial management. Understanding the diverse types of retail banking products and services reveals how these institutions meet Read more…

Commercial banks are fundamental pillars of the financial system, serving as primary institutions that facilitate economic activity through a wide array of services. Their pivotal role influences both individual prosperity and broader economic development. Understanding the various types, ownership structures, and regulatory frameworks of commercial banks offers valuable insights into Read more…