The bank is the developed aspects for the country. Today, we will know Classification of Bank on the basis of organization structure. Here, you will be known also what sole proprietorship bank work, about partnership bank, join stock company bank, co-operative bank, and state-owned banks. So this all banking work and activities is called by the bank on the basis of organization structure. We already have known that the Bank is the best helpful aspects for us.
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#1. Sole Proprietorship Bank
Have you ever listen about sole proprietorship bank? If yes then good and if not then read mindfully. This bank is a single ownership Bank in the world. The banks which are owned by one and are operated by him is called Sole proprietorship Bank. This bank is called by another name that is called as a single ownership bank. The bank is popular in American cities or the most US countries. There have a lot of facilities in the single ownership bank. There have high risk rate because of getting full responsibly only for single person ownership. Therefore, click to know full facility of single ownership bank or sole proprietorship bank.
#2. Partnership Bank
The banking system that is responsible for the country’s conventional partnership law and this banking acts system is called a partnership bank. You can identify the bank that limited by minimum 2 and maximum 10 partners. The bank facility is the best for anyone. You can start any projects with your friends also using the partnership bank acts. Britain and America are the most popular country to create a transaction with their people. So the partnership bank is favorite by America and Britain. However, click here to get full systems about partnership bank.
#3. Join Stock Company Bank
The bank which is operated, controlled, produced by banking company acts even these bank are called by Join stock company bank. The owner of these banking Shareholders maybe government and any general person. The advance level of the banking facility is high. The banking systems can be transaction by various country. But the most of the usable person in America. The money controlled system would be controlled by the banking acts. Join stock company is the best part of the bank on the Basis of Organization Structure.
#4. Co-Operative Bank
The co-operative bank is a part of the bank of organization structure. If you are educated on the banking section, you have learned more about the co-operative bank. Co-operative Banks: The banks which are formed, operated and controlled by the existing cooperative law and banking laws, are called co-operative banks. A co-operative bank has been established in the specific city of the country. This bank is a part of small banks. The bank if any agent wants to take the action, they have to follow the bank acts guideline and always should be communicated with their partner for good result of banking service. Here, have more information about the Co-Operative bank.
#5. State-Owned Banks
The banks which are owned by the government and the direct control of the government are called State Ownership Banks. State-owned bank is the best part of the bank on the basis of organizational structure. Now, I will show you top 4 state-owned banks. 1. Bank of China (BOC), 2. China Construction Bank (CCB), 3. Industrial and Commercial Bank of China (ICBC), 4. Agricultural Bank of China (ABC). These four type of bank is state-owned banks.
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