BANKING AFFAIRS

Detailed explanation-1: -Branch banking is a system of providing banking services through different offices of a bank that acts as the head branch. The idea is to expand the bank’s business to cater to different locations and provide services to all its customers.

Detailed explanation-2: -The 4 different types of banks are Central Bank, Commercial Bank, Cooperative Banks, Regional Rural Banks.

Detailed explanation-3: -It is a ‘technology driven-anywhere banking’ facility and ‘at par’ facilities for Savings Bank and Current account with structured schedule of services and charges. Now the customer can access his account at all branches of the Bank.

Detailed explanation-4: -The State Bank of India (SBI) is the largest bank in India and also one of the biggest corporations in the world. State Bank of India is one of the largest employers and the most trusted bank in India. At present, SBI has 159 computerised banks and 112743 listed branches.

Detailed explanation-5: -Definition of Branch Banking It has a central office called as the head office and other offices which are set up at different locations to serve the customers are called as branches.