Introduction to banking and types of banking

The video explores the functions of banks and the various types of banks in India. It explains how banks make money through deposits and loans, earning interest in the process. The Reserve Bank of India (RBI) oversees the banking system, while commercial banks, co-operative banks, payment banks, and small finance banks serve different segments of the population. Each type of bank offers unique services, catering to diverse financial needs.

What are the primary functions of banks as described in the text?

Explain the difference between a deposit and a loan.

How do banks earn money from the interest on loans and deposits?

What role does the Reserve Bank of India (RBI) play in the banking system?

List and describe the different types of banks mentioned in the text.

What are payment banks and how do they differ from traditional banks?

Discuss the significance of small finance banks in India.