OVERSEAS BANKING- Banking with Foreign operations that means if a domestic Bank is working in abroad with its branches.
OFFSHORE BANKING- An offshore Bank Account will allow you to safely and privately explore, with few restrictions, the far reaches of the vast and diverse financial universe.
An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. These advantages typically include some or all of
Parallel banks are defined as banks licensed in different jurisdictions that, while not being part of the same financial group for regulatory consolidation purposes, have the same beneficial owner (s), and consequently, often share common management and interlinked businesses. The owner(s) may be an individual or a family, a group of private shareholders, or a holding company or other entity that is not Subject to banking supervision.
Parallel banking relationships may exist, unknown to the supervisors of the parallel banks.
Such structures may be established for a variety of reasons, among others to take advantage of different tax arrangements; to avoid legal restrictions in some countries on the ownership of foreign subsidiaries by domestic banks; or to diversify risk outside countries that are considered economically or politically unstable. In some cases, the motivation may be an attempt to evade regulatory constraints or consolidated supervision from the home country.
In banking, a merchant bank is a traditional term for an investment bank. It can also be used to describe the private equity activities' of banking developed by merchants, from the Middle Ages onwards.
DOOR TO DOOR BANKING
Doorstep banking is to deliver Banking and Financial Services at the doorsteps of the common man.
Islamic banking refers to a system of banking or banking activity that is consistent with Islamic law (SHARIA) principles and guided by Islamic economics. Particular Islamic law Prohibits usury, the Collection and payment of interest, also commonly called RIBA in Islamic discourse. In addition, Islamic law prohibits investing in businesses' that are considered unlawful, or HARAAM (such as Businesses that sell alcohol or pork, or businesses that produce media such as gossip columns or pornography, which are contrary to Islamic values). In the late 20th century, a number of Islamic Banks were created, to cater to this particular banking market.
Relationship banking is an attempt to advance the sales culture in bank marketing beyond order taking to a more pro-active form of direct selling instead of selling financial services. One at a Time, an account officer attempts to gain an understanding of the consumer's needs and offer services that fulfill those needs. Commercial banks and other financial institutions have attempted to apply the concept of relationship banking through personal banker and private banking.
Banking that includes investment services in addition to services related to savings and loans.
A virtual bank is a bank with a very small or nonexistent branch network. It offers financial Services by:
By Eliminating The Costs associated with Retail Banking, Particularly Bank Branches, Virtual Banks May Offer Higher Interest Rates And Lower Service Charges On Their Savings Accounts than their competitors.
International Banking activities frequently result in financial instability and serious economic downturns as financial markets become more open and deregulated.
Competition from multinational bank has reduced the availability of credit to small- and medium- sized enterprises, to low- and middle-income consumers, and to farmers.
While Economies experience financial instabilities and declining credit, governments are losing the means to protect their domestic markets.