The examples of Payment Banks are:
(i) Airtel Payment Bank Limited
(ii) Paytrn Payment Bank Limited and
(iii) India Post Payment Bank Limited - IPPBs (Public Sector Bank).

The examples of Local Area Banks are;
(i) Coastal Local Area Bank, Vijayawada, Andhra Pradesh.
(ii) Krishna Bhima Smruddhi Local Area Bank, Mahabubnagar, Telangana.
(iii) Subhadra Local Area Bank Limited, Kolhapur, Maharashtra.

The examples of RRBs are:
(i) Pallavan Grama Bank, Salem,Tamil Nadu.
(ii) Pandian Grama Bank,Thirumangalam, Madurai District, Tamil Nadu
(iii) Vallalar Grama Bank, Chidambaram, Cuddalore District, Tamil Nadu
(iv) Paduvai Bharathiyar Grama Bank, Villiyanur, Puducherry.

The examples of Co-operative Banks are:
(i) National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) was set up in 1958 and registered under the Multi State Cooperative Societies Act.
(ii) Tamil Nadu State Apex Cooperative Bank - Head Office, Chennai
(iii) Madurai District Central Cooperative Bank Ltd.
(iv) Batlagundu Cooperative Urban Bank Ltd. Dindigul District.

The examples of Development Banks are:
(i) Industrial Finance Corporation of India - IFCI
(ii) Small Industries Development Bank of India -SIDBI
(iii) MUDRA bank (for the development of micro industries)

Banks can be classified as:
A. On the basis of functions, the types of banks are:
(i) Commercial Banks
(ii) Industrial Banks
(iii) Regional Rural Banks
(iv) Exchange Banks and
(v) Central Bank
B. On the basis of ownership, the banks are:
(i) Public Sector Banks
(ii) Private Sector Banks
(iii) Co-operative Banks
C. On the basis of schedules of RBI, the banks are:
(i) Schedule Banks and
(ii) Non-Scheduled Banks

All cooperative banks in india are owned by its customers or members who are farmers, small traders and others. Cooperative banks in india are either urban based or rural based.

i) No interest is charged on loans
ii) No interest is charged on deposits

i. To develop rural economy
ii. To support the co-operative banks
iii. To mobilise deposits from the rural public
lV. To provide finance to rural artisans, formers and try to avoid their dependency on money lenders.

(i) Karur Vysya bank
(ii) Lakshmi Vilas bank
(iii) Kotak Mahindra bank

In India all those commercial banks that are wholly owned by the central government either directly or through RBI are called public sector banks.
Examples:
(i) State bank group
(ii) Nationalised banks

Banks which have registered office in a foreign country and branches in India are called foreign banks.

Banking Correspondents (BCs) are retail agents engaged by banks for providing banking services at low cost in locations other than a bank branch/ATM.

Huge finance is required for investment, expansion and modernisation of big industries and others are granted by a separate type of banks called development Banks. They are also called industrial banks.

Banks which accept deposits from the public and grant loans to traders, individuals, agriculture, industries, transport, etc. in order to earn profit are called commercial banks.