Banks these days provide a variety of services. They provide both short-term and long-term credits. Bank can be classified into the following categories:-
Classification on the basis of ownership:-
Ownership banks can be classified into follwing four categories:-
i. State owned bank,
ii. Private ownership bank,
iii. Government and Private joint ownership bank
iv. Autonomous banks.
Classification on the basis of functions:-
Banks based on functions can be classified into following categories:
a. Central bank: A central bank functions as a top controlling bank for all other banks of the country. It functions as a controller of credit, bankers, bank and enjoys the monopoliness in issuing currency notes on behalf of the government.
b. Agricultural Bank: An agricultural bank functions as a specialized institution providing credit to agriculture, co-operative banks, land mortgages banks fall in this categories.
c. Exchange banks: An exchange bank primarily funances the foreign trades of a country most of the major commercial banks of our country and foreign banks having offices in our country are engaged in this business.
d. Industrial banks: An industrial bank primarily meets the long-term capital requirements of industry. They include Industrial Finance Corporation of Bangladesh Ltd. State Finance Corporation.
e. Commercial banks: A commercial bank is essentially meant for providing short-term credit to trade and industry.
f. Other banks:
i. Investment Bank ii. Merchant Bank
iii. Savings Bank iv. Export-Import Bank,
v. Consumer Bank vi. Mortgage Bank
vii. Grameen Bank viii. International Bank.
Classification on the basis of organization structure:-
Bank's can be classified in to five categories according to their organization structure. They are:-
i. Unit Bank, ii. Branch Bank,
iii. Chain Bank, iv. Group Bank.
v. Mixed Bank
Classification on the basis of scheduling:-
On the basis of scheduling banks can be sub-divided in to following categories:
a. Sheduled Bank, b. Non-scheduled Bank