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  1. 1. Presented on 30/11/2012 Presented By, Siju Titto Visakh Uwais
  2. 2. 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
  3. 3. CONTENT 1. Banks and Banking 2. History 3. Types of Banking 4. Role of Banking 5. Functions of Banks 6. Types of Accounts
  4. 4. 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
  5. 5. 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.
  6. 6. 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".
  7. 7. 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
  8. 8. Cont… Retail banking Transactions are executed directly with customers Core banking Stands for "centralized online real-time environment“
  9. 9. 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.
  10. 10. 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.
  12. 12. 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
  13. 13. 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
  14. 14. THANK YOU