The video delves into the operations of thrift banks, which offer loans secured by collateral or personal security and provide affordable mortgages for properties such as homes. Unlike profit-oriented banks, thrift banks charge lower interest rates for loans and have higher returns for depositors. These banks are also allowed to invest in equities with the prior approval of the central bank, but are limited to allied undertakings. Additionally, the video discusses the limit on the amount of loans that thrift banks can grant, which is equal to 100% of the bank's net worth at the end of the quarter. To qualify, these banks must meet rules and regulations set by the BSP, including operating in compliance with relevant laws and having a duly approved program for meeting minimum capital requirements. Thrift banks also offer various loan types, from student loans to housing and business loans, as well as other services such as issuing commercial paper.