1. Banks in India
On The Basis Of Domicile: (1) Domestic Bank (2) Foreign Banks
On The Basis of Second Schedule of RBI Act: (1) Scheduled Bank (2) Non-Scheduled Bank
On The Basis of Ownership: (1) Public Sector Banks (2) Private Sector Banks
(3) Co-operative Banks (4) Regional Rural Banks

2. Banks In India on the Basis of Functions
Commercial Banks
Industrial Banks
Agricultural Banks
Exchange Banks
Saving Banks
Indigenous Banks
Central Bank

3. COMMERCIAL BANKS IN INDIA
Promoting Capital Formation
Facilitator of Monetary Policy
Monetisation
Influence Economic Activity
Directing Funds into Desired Channels
Implementation of the Policies of Govt.
Encouraging Innovations

4. Functions of Commercial Banks
1. Basic Function: (i) Mobilization of Deposits.
Saving Deposit Account
Fixed Deposit Account
Recurring Deposit Account
Current Deposit Account
Flexible Deposit Account

5. Functions of Commercial Banks
(ii) Credit Deployment:
Money at Call
Cash Credit
Overdraft
Discounting Bills of Exchange
Term Loan
(iii) Credit Creation

6. Agency Functions Remittance of Funds
Collection & Payment of Credit Instruments
Execution of standing orders
Sale and Purchase of securities
Trustees and Executors of Wills
Collection of Dividend on Shares and Interest on Debentures

7. General Utility Functions
Locker Facility
Traveller’s Cheque Facility
Merchant Banking Service
Acting as Underwriters
Acting an Information Provider
Acting as a Referee

8. Development Functions
Capital Formation
Rural Development
Priority Sector Advances
Creating Employment
Assistance of Money & Capital Market

9. Modern Functions ATMs Tele-Banking Internet Banking Smart Cards
Round the Clock Banking