Banking
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Banking

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Banking Banking Presentation Transcript

  • Presented on 30/11/2012 Presented By, Siju Titto Visakh Uwais
  • OBJECTIVES  To understand the meaning of banks and banking  To know what are the types of banking  To know functions and roles of banking and also the types of accounts
  • CONTENT 1. Banks and Banking 2. History 3. Types of Banking 4. Role of Banking 5. Functions of Banks 6. Types of Accounts
  • BANKS • A financial institution • Set up for lending , issuing, exchanging , taking deposits, safeguarding, or handling money • 26 Nationalized banks in India BANKING • Business activity • Accepting and lending money • To earn profit
  • History of banks..  Banking in India originated in the year 1770  The State Bank of India started in the year 1955.  The period between 1906 and 1911, saw the establishment of banks inspired by the Swadeshi movement.
  • Cont…  The Reserve bank of India was established in the year 1935, but was nationalized on 1 January 1949 under the Reserve bank of India Act 1948.  The Banking Regulation Act was enacted in 1949 and empowered the RBI “to regulate, control, and inspect the banks in India".
  • TYPES OF BANKING E-Banking (Electronic banking ) - ATM, Credit cards, Debit cards  Net Banking - Use of computer and internet - Customers can access their accounts through bank web sites  Mobile banking - Mobile Phones are used
  • Cont… Retail banking Transactions are executed directly with customers Core banking Stands for "centralized online real-time environment“
  • Role of Banking  Encourages the saving habit among the people.  Acts as an intermediary  Facilitates business transactions through receipts and payments by cheques instead of currency.  Provides loans and advances to businessmen for short term and long-term purposes.  Also facilitates import export transactions.
  • Cont…  It helps in national development by providing credit to farmers, small-scale industries and self-employed people as well as to large business houses which lead to balanced economic development in the country.  Helps in raising the standard of living of people in general by providing loans for purchase of consumer durable goods, houses, automobiles, etc.
  • FUNCTIONS OF BANK
  • Types of Accounts Saving Accounts - Encourage saving habit among the public - Low interest - 5% at present Fixed Accounts - Deposited for a specific period of time - High interest rate - Withdrawals not allowed
  • Cont… Current Accounts -It is for businessmen -Easy withdrawals -No interest Recurring Deposit -Operated by salary person and petty traders - Withdrawals are permitted only after the expiry of certain period. - High interest rate
  • THANK YOU