Chain Banking refers to a system where two or more separate banks come under a single management or control.
It allows centralized management of multiple banks while each bank remains a separate legal entity.
This system helps in:
Better coordination among banks
Efficient utilization of resources
Expanding banking operations in different areas
Other options:
Unit Banking: A bank operates from a single office only.
Branch Banking: A bank has multiple branches under one bank.
Merchant Banking: Provides financial services like underwriting, investment advisory, etc., not related to chain management.