#1
22nd December 2017, 12:14 PM
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Introduction To Indian Banking System
Hii sir, I am a MBA Students I wants to get the Overview on Banking Sector India will you Please provide It ?
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#2
22nd December 2017, 01:30 PM
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Re: Introduction To Indian Banking System
A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets. A bank connects customers that have capital deficits to customers with capital surpluses Structure of Indian Banking As per Section 5(b) of the Banking Regulation Act 1949: Banking means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdawal by cheque, draft, order or otherwise. All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are scheduled banks. These banks comprise Scheduled Commercial Banks and Scheduled Cooperative Banks. according to their ownership and / or nature of operation. These bank groups are: (i) State Bank of India and its Associates, (ii) Nationalised Banks, (iii) Regional Rural Banks, (iv) Foreign Banks and (v) Other Indian Scheduled Commercial Banks (in the private sector). Bank Nationalization The Government of India issued an ordinance and nationalised the 14 largest commercial banks with effect from the midnight of July 19, 1969. Within two weeks of the issue of the ordinance, the Parliament passed the Banking Companies (Acquisition and Transfer of Undertaking) Bill, and it received the presidential approval on 9 August 1969. List of Nationalised Banks in India in 2012: 1. Allahabad Bank 2. Andhra Bank 3. Bank of Baroda 4. Bank of India 5. Bank of Maharashtra 6. Canara Bank 7. Central Bank of India 8. Corporation Bank 9. Dena Bank 10. Indian Bank 11. Indian Overseas Bank 12. Oriental Bank of Commerce 13. Punjab and Sind Bank 14. Punjab National Bank 15. State Bank of Bikaner & Jaipur 16. State Bank of Hyderabad 17. State Bank of India (SBI) 18. State Bank of Indore 19. State Bank of Mysore 20. State Bank of Patiala 21. State Bank of Travancore 22. Syndicate Bank 23. UCO Bank 24. Union Bank of India 25. United Bank of India 26. Vijaya Bank for more details you may Consider the below attachement that is Free to Download |
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