Priyanka bag

Para banking activities are defined as those banking activities which a bank performs apart from its daily activities like withdrawal or deposit of money.Under para banking activities banks can undertake activities either departmentally or by setting up subsidiaries.

ūüí∑ This is a type of banking in which banks invest money mostly in government bonds and securities.This is done to avoid risk in the market.Banks dedicated to such type of banking are also known as Narrow Banks.

When a bank accepts currencies of countries abroad, such an activity is known as Offshore bankingSometimes people require more than their local banks can offer. Rural bank limited In such cases they opt for Offshore banking.It provides financial and legal benefits like privacy and minimal taxation.

Green banking promotes deployment of clean energy technologies.It stresses on environmental friendly practices and aims at reducing carbon footprint from banking activities.These activities seek to reduce costs of energy for ratepayers, private sector investments and other economic activities.

Retail banking is a type of banking in which direct dealing with the retail customers is done. Ahantaman rural bank This type of banking is also popularly known as consumer banking or personal bankingRetail banking is the visible face of banking to the general public.

Wholesale banking can be refered to as the services provided by banks to organisations like Mortgage Brokers, corporate clients, medium scale companies, real estate developers and investors, international trade finance businesses, institutional customers (such as pension funds & government agencies) and services offered to other banks or financial institutions.


The recommendation of the concept of Universal Banking was done by the R H Khan committee.This is a type of banking in which banks are allowed to undertake all types of financial activities regarding banking or development in accordance with the statutory and other requirements of RBI, Government and related legal Acts.Universal Banking includes activities like accepting deposits, issuing credit cards, investing in securities, merchant banking, foreign exchange operations, etc.

Islamic banking is a kind of banking activity which strictly follows the principles of the Islamic law (Sharia) and its application practically through the development in Islamic economicsA better and more apt term for Islamic banking is Sharia Compliant Finance.

USA is where such type of banking was first introduced.In such a type of banking all the operations are performed from a single branch.A customer having an account in a specified branch has to undergo all banking activities through that branch.Examples are Regional Rural Banks and Local Area Banks.

Mixed banking is a type of banking in which deposits and investment activities take place simultaneously.It can also be described as the dual functioning of investment banking and commercial banking.

Chain banking is a type of banking which is a group of minimum 3 banks held together by a group of people to carry out effective banking activities.Instead of having a holding company the bank functions independently.The revenue is maximised since there is no overlap of activities.

In such a type of banking the the major needs of the customers are understood by the bank and accordingly banking services are provided to the individual.Banks get to know if the customer is credit worthy since they have to gather information about its customers.

In more than 200 countries, this type of banking is prevalent and is considered the most profitable way of doing business.In such a type of banking, the bank does not have a physical presence or any limitations in the permission of operations.It acts as a banking agent for a home bank.

Skill banks are training centres to provide training to potential immigrant workers Skill Banks are established first in the states of U.P and Bihar U.P and Bihar account for the maximum emigrants annually in India These two states have the maximum number of employees working abroad Also these states have the maximum population The training program is of international standards Skill banks cover about 110 job roles 50 global skill banks are set up by GOI in 2016 .

South East Asia Norway Germany Canada Sweden Japan The above countries will have huge dearth of nurses and care givers in the next decade Skill banks focus on these countries for job opportunities and train people according to the requirement .

Health care Medicine IT Hospitality Retail trade Automobile Other sectors are likely to be included in the skill development training program of skill banks where job opportunities may emerge in future.

Youth trained in skill banks get acquainted with the local culture of the country in which they go to work Before emigration, trainees are made familiar with language and work ethics of the foreign nation Training at the skill banks is demand driven If the requirement in a gulf nation is for 1000 mason workers, then skill banks will train 1000 masons and send them to the respective nation This ensures that majority of the persons trained in skill banks will be sent abroad as it is demand-based Skill banks train the workers and certify them Skill banks ensure that the employee gets good working conditions abroad The trainees get a better salary abroad after attending the training program and sent abroad .

Skill banks help people go abroad and work in a safe manner Workers sent abroad through skill banks will have the support of GOI All migration-related issues and frauds by consultancies will not occur once workers are trained and sent abroad through skill banks Rural poor and unaware people can completely trust the skill banks for their overseas job opportunities Skill banks help in identifying the requirements arising abroad in various nations and match the requirements with the employees in India through skill training programs.

Risk arises due to fluctuations in market price of marketable securities. Regional rural bank officer scale 1 salary Bank generally invests in equity shares, loss arises to bank due to fluctuations in equity market is known as market risk.

IRR arises due to fluctuation in the interest rate. Kumawuman rural bank If a bank had a lot of fixed deposits, fall in interest rate will cause loss to bank. Mizoram rural bank Similarly, if a bank had a large amount of fixed interest rate loans, increase in interest rate will cause losses.

Risks arise due to the failure of day to day activities, system or people. Arunachal pradesh rural bank It includes both internal and external frauds like failures related to policies, laws, regulations, documentation or any technological risks.

Risks arise due to the inability of bank to meet its obligations and it refers to a situation when any asset may not be realized in cash. Ga rural bank Also, we can say that it is a mismatch of assets and liabilities. Regional rural bank recruitment 2015 notification It is a more important than any other risk because it has to be kept within limits, otherwise banks dependence on money market would increase.