1.2 Types of Banks

The catalogue (the exam's list): (1) the central bank (the state's bank — the currency's issuer, the bankers' bank, the regulator — Unit 2's full treatment); (2) the commercial banks (the deposit-taking-and-lending generalists — the current-saving-fixed accounts, the trade finance); (3) the development banks (the project-and-sector lenders — the long-term finance); (4) the finance companies (the hire-purchase-and-consumer lenders); (5) the microfinance institutions (the small-loans, the group-lending — the poverty's bank); (6) the cooperative- and-community faces (the member-based savings-and-credit); (7) the specialised institutions (the infrastructure banks, the EXIM-type trade financiers); the BAFIA 2073's classification (the class-A-to-D licence classes — the Nepali statute's own ladder).