What are the types of Commercial Banks?
Commercial banks are divided into three categories.
A private bank is a commercial bank in which private individuals and businesses own the majority of the stock. All private banks are classified as limited-liability corporations. Housing Development Finance Corporation (HDFC) Bank, Industrial Credit and Investment Corporation of India (ICICI) Bank, Yes Bank, and other financial institutions are examples.
A public bank is a sort of nationalised bank in which the government owns a large part. Bank of Baroda, State Bank of India (SBI), Dena Bank, Corporation Bank, and Punjab National Bank are just a few examples.
Foreign banks are banks that have their headquarters in another country and have branches in other nations. American Express Bank, Hong Kong and Shanghai Banking Corporation (HSBC), Standard & Chartered Bank, Citibank, and other financial institutions are examples.