What is banking structure classification in India?
The banking structure in India is classified into various categories based on ownership, function, and services provided. It includes commercial banks, cooperative banks, regional rural banks (RRBs), and specialized banks. Commercial banks are further divided into public sector, private sector, and foreign banks. Cooperative banks cater to rural and urban sectors, while RRBs focus on rural development. Specialized banks address niche areas like industrial or agricultural sectors. Understanding the banking structure in India is crucial for financial education, and Jaro Education offers valuable insights into this dynamic sector.
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