The page about the type of banks on the basis of ownership. The emergence of banks due to economic need and economic security. We can see the different kinds of banking opportunities in the present of the modern banking sector. Based on the differences in ownership, organizational basis, structural basis and procedures, the bank’s reading system depends. However, today I will show you about the classification of banks on the basis of ownership. As well as the best Characteristics of Commercial Bank.
Recommended For You:
- What is the Primary Functions of Commercial banks?
- Necessity of Bank for You – Some Important Things
- What is Business Finance? Get New Idiea
Type of Banks on the Basis of Ownership
As a general theory, I got four types of the bank on the basis of ownership. Here is the list of them. Government Bank, Private Bank, Autonomous bank, government, and private joint ownership bank. On this down list, I will provide the specific work about these banking services & bank name. Also, you can see the result of the best banking business facility that would be helpful for you.
1. Government Bank
When the bank is governed by the management, control, organizing from the beginning to the organization, it is called a public bank or government bank. Here has some list of government bank in the USA. Such as Bank of America, Citibank, US Bank, Washington Mutual Bank, National City Bank etc. So go ahead also reading through about the page the type of Banks on the basis of ownership.
2. Private Bank
Banks which are controlled and managed by a particular person are called private banks. Although private banks are required to be listed these banks are operated under indirect control from the central bank of the country. For example, we can mention UBS Bank, Merreill Lync (The Bank of American Corporation), RBC (Royal Bank of Canada), HSBC Bank as a private bank etc.
3. Autonomous Bank
Are you heard about the autonomous bank before? Also yes, because it’s a common word for any others country in the world. Although, I will show now about the autonomous bank. We know that Self-regulated banks are autonomous banks. Such banks are formed by the special law of the government and through the special ordinance of the constitution. Such banks are independently regulated in the control system. Bank of America Tower in New York City is one of the best parts of the autonomous bank in America. However, go ahead for reading the last aspects of the type of banks on the basis of ownership for your banking business.
4. Government and private joint ownership Bank
This is the end of the list bank of the type of banks on the basis of ownership. The bank is called by the government and private joint ownership bank. The banks, formed and operated by the government and specific individuals or individuals, are called public and private joint ownership banks.
But the government’s supremacy is more about the structure and management because its government’s work activities are the best for government and private joint ownership bank. On the other hand, thus bank’s 51% Shares owned by the government. At presently, 94.5% Shares owned by the government.