Banking Exam Question - What is Branch in Banking? What are the NRB Directives about Opening New Branches? Explain

Introduction - Branch Banking

A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution (and by extension, brokerage firms) offers a wide array of face-to-face and automated services to its customers.

Types of Branch Banking

In-store: These are regularly branches situated in a retail space, for example, a basic supply, shopping centers or markdown store. They might be full administration branches or restricted administration branches. They by and large do exclude drive-through teller windows or safe store boxes. These branches may have constrained staff and commonly incorporate innovation as a way to convey saving money administrations, for example, the utilization of robotized teller machines, videoconferencing, and video managing an account frameworks. 

Outside bank office: A kind of remote bank that is committed to take after the controls of both the home and host countries.operating in the nation, controlled by the Office of the Superintendent of Financial Institutions 

Unit Banking: As opposed to branch saving money is unit managing an account which incorporates any bank that works with no related branches. The bank may exist as a solitary unit by decision, for example, certain little, free group banks, or may not be allowed to open branches per certain administration limitations. 

Branch managing an account enables a monetary organization to grow administrations to a zone outside of the home area, working as an expansion of the home area. This can be a more savvy approach as not all areas are required to offer an indistinguishable levels of administrations from the home area, enabling littler arrangements to give key administrations while bigger areas can give the extra administrations.