BANKING AFFAIRS

Detailed explanation-1: -Chain banking is a form of bank governance that occurs when a small group of people control at least three independently chartered banks. In general, the controlling parties are majority shareholders or the heads of interlocking directorates.

Detailed explanation-2: -Chain Banking is a form of banking when a small group of individuals control three or more banks which are independently chartered.

Detailed explanation-3: -Mixed banking system is a combination of both, deposit banking and investment banking. When commercial banks undertake industrial banking, it will have large amount of funds to provide substantial aid to industries as a long term loan.

Detailed explanation-4: -They are commercial banks, thrifts (which include savings and loan associations and savings banks) and credit unions. These three types of institutions have become more like each other in recent decades, and their unique identities have become less distinct.

Detailed explanation-5: -Universal Banking, means the financial entities – the commercial banks, Financial Institutions, NBFCs, -undertake multiple financial activities under one roof, thereby creating a financial supermarket. The entities focus on leveraging their large branch network and offer wide range of services under single brand name.