Indian banking system

1,214 views
1,012 views

Published on

Published in: Economy & Finance, Business
0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
1,214
On SlideShare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
71
Comments
0
Likes
2
Embeds 0
No embeds

No notes for slide

Indian banking system

  1. 1. Indian Banking System SUBMITTED BY – Sahib Deep Singh REGD NO. - 11304972 ROLL NO . –A15
  2. 2. CONTENTS         INTRODUCTION RESERVE BANK OF INDIA INDIA FIRST 14 NATIONALISED BANKS REGIONAL RURAL BANKS CO-OPERATIVE BANKS DEVELOPMENT BANKS CONCLUSION REFERENCES
  3. 3. INTRODUCTION Indian Banking System assumed significant importance in the wake of economic reforms initiated since 1991. Indian banking is an important service provided by number of financial institutions with the changed economic scenario.These financial institutions or banks are now making use of modern ways for their banking related operations.
  4. 4. RESERVE BANK OF INDIA The Reserve Bank of India was established on 1st April,1935 and it was nationalised on 1st January,1949. The Reserve Bank of India is the main monetary authority of the country and beside that the Reserve bank acts as the bank of the national and state governments.It is also known as banker of banks. Under Section 22 of the Reserve Bank of India Act, the Bank has the sole right to issue bank notes of all denominations.
  5. 5. INDIA’s FIRST 14 NATIONALISED BANKS               Central Bank of India Bank of Maharashtra Dena Bank Punjab National Bank Syndicate Bank Canara Bank Indian Bank Indian Overseas Bank Bank of Baroda Union Bank Allahabad Bank United Bank of India UCO Bank Bank of India
  6. 6. REGIONAL RURAL BANKS The Regional Rural Banks, the newest form of banks, have come into existence since middle of 1970s with the objective of developing rural economy by providing credit and deposit facilities for agriculture and other productive facilities for agriculture and other productive activities of all kinds in rural areas. For example: Providing such facilities to farmers which is helpful for them in agricultural activities.
  7. 7. CO-OPERATIVE BANKS Co-operative banks are so called because they are organised under the provisions of the co-operative credit societies law of the states. The major beneficiary of the co-operative banking is the agricultural sector in particular and the rural sector in general. The first such bank was established in 1904. It works for the welfare of particular sections of the society. Like, providing funds to the agricultural and non agricultural section of the society.
  8. 8. DEVELOPMENT BANKS • • • Industrial Development Bank Of India (IDBI) , established in 1964. Main Function: Providing finance to large and medium scale industrial units. Small Industries Development Bank Of India (SIDBI) , established in 1989. Main Function: Providing assistance to small scale industries through state finance corporations, state industrial development etc. Export-Import Bank of India was established in 1982.
  9. 9. Main Function: coordinating the working of institutions engaged in financing export and import trade, financing export and import trade, financing exports and imports. • NABARD was established in 1982. Main Function: to serve as an apex refinancing agency for institutions engaged in providing agricultural finance to develop credit delivery system to coordinate rural financing activities.
  10. 10. CONCLUSION The reforms to the old banking system with the advent of technology has bought in a dramatic change in its functioning and has increased customer relationship.
  11. 11. REFERENCES  www.google.com/indian banking system(viewed on 24/09/2013)  Lucent’s general knowledge book

×