Module 3 : Definition of Banks and Different Types of Banking with an Emphasis on Banking Channels

Objectives Definition of banking and banks Different types of banks Retail, commercial and investment banking Building societies, central banks 3.1 Introduction As you walk down the street, you may notice several branches of different banks that are open for business. Upon entering one, you may observe customers making deposits, withdrawing cash or discussing other options with customer service executives. Banks are special types of financial institutions which provid...