SUBMITTED BY – Sahib Deep Singh
REGD NO. - 11304972
ROLL NO . –A15
RESERVE BANK OF INDIA
INDIA FIRST 14 NATIONALISED BANKS
REGIONAL RURAL BANKS
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
RESERVE BANK OF
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.
INDIA’s FIRST 14 NATIONALISED
Central Bank of India
Bank of Maharashtra
Punjab National Bank
Indian Overseas Bank
Bank of Baroda
United Bank of India
Bank of India
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
For example: Providing such facilities to
farmers which is helpful for them in
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
It works for the welfare of particular sections of the
society. Like, providing funds to the agricultural
and non agricultural section of the society.
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
Main Function: coordinating the working of
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.
The reforms to the old banking
system with the advent of
technology has bought in a
dramatic change in its
functioning and has increased
banking system(viewed on
Lucent’s general knowledge