The document discusses the banking system and the evolution of banking and technology in India. It provides historical background on the development of banking from the Bank of Hindustan in 1870 to the nationalization acts of 1969 and 1980. It describes the structure of the Indian banking system and the key principles of intermediation, liquidity, profitability, solvency, and trust. It also summarizes the increasing role of technology in banks from early mechanization to current digital services and core banking solutions that allow customers to bank anywhere.
The document discusses the transformation of the banking sector in India over the past decade. With the entry of private players and focus on consumers, banking underwent significant changes with the introduction of new technologies and channels like ATMs, internet banking, and mobile banking. This allowed customers to conduct transactions outside of traditional branch banking. The Reserve Bank of India has introduced new payment systems like NEFT and RTGS to modernize transactions. Going forward, RBI is looking to develop new real-time payment systems like "India MoneyLine" to allow 24/7 funds transfers.
This document provides an overview of Axis Bank, one of India's largest private sector banks. It was established in 1993 and began operations in 1994. The bank was jointly promoted by several large public sector financial institutions. It has grown significantly over the past two decades and as of 2015 had over 2500 branches across India and several international offices. The document provides details on Axis Bank's business activities, subsidiaries, and financial performance to give context and background on the organization.
Banking awareness study materials pdf download linklalitchola10
This document provides an overview of the emerging trends in the Indian banking industry, including increased use of technology. It discusses how core banking systems, centralized payment systems like NEFT and NECS, and mobile banking services are becoming more widespread. It also notes that Indian banks have better gender diversity on their boards compared to Western banks. Overall, the banking industry in India is becoming more technology-driven and innovative in its service offerings.
The Reserve Bank of India (RBI) was established in 1948 and took over control of commercial banks in 1949. RBI has traditional functions like currency issue, banking regulations, and monetary policy. It also has promotional functions to support agriculture, small businesses, and cooperatives. RBI supervises commercial banks through on-site inspections and off-site monitoring to ensure their health and compliance with regulations.
Impact of Branchless Banking on Customer SatisfactionRashid Ali Soomro
The main objective of this research is to establish how Branchless banking has impacted customer satisfaction in Pakistan. A rapid evolution in technology over the past decade has brought unprecedented changes to the Pakistan banking industry. The document discusses the background of branchless banking in Pakistan and internationally. It reviews literature related to customer satisfaction with branchless banking and identifies key factors like reliability, fees/charges, response, customer support, and privacy/security that impact customer satisfaction.
The document summarizes the history and development of banking in India. It discusses how banking originated in the late 18th century and the oldest existing bank is State Bank of India. It then covers the nationalization of banks in 1969 and 1980, the introduction of private banks in 1990s, and the major functions and regulatory tools of the Reserve Bank of India such as Cash Reserve Ratio, Statutory Liquidity Ratio, repo rate, reverse repo rate, and bank rate which are used to control money supply and credit in the economy.
To watch full video click on the link below-
https://youtu.be/RRgkQ7lSdqM
NPCI, an initiative of the Reserve Bank of India (RBI) and Indian Banking Association (IBA) is an umbrella organization for operating retail payments and settlement systems in India.
It functions under provision of Payment and Settlement Systems Act, 2007.
It is a not-for-profit organization set up under the provisions of Section 25 of Companies Act, 1956 (amended as Sec 8 of Companies Act 2013).
Facilitates easy access to online payment services with variety of banking products and services.
Products offered by NPCI
IMPS (Immediate Payment Service) is an instant payment inter-bank electronic funds transfer system in India. Unlike NEFT and RTGS, the service is available 24*7 throughout the year.
NFS (National Financial Switch) is the largest network of shared ATMs in India facilitating convenience banking.
AePS (Aadhaar-enabled Payment Service) is a bank led model that allows financial transaction at PoS of any bank using the Aadhaar authentication through the retail merchant.
CTS (Cheque Truncation System) facilitates uses of digital signature or encryption methods to prevent manipulation of data during transition of cheque clearance.
UPI (Unique Payments Interface) is a system that makes multiple bank accounts to be accessed from a single mobile application using mobile no. or UPI id as unique transaction address.
Thank you for Watching
Subscribe to DevTech Finance
This document provides a summary of an internship report submitted by Arjun P R at Dhanlaxmi Bank Ltd. It begins with an introduction and outlines the objectives of the internship which were to learn about the functional and managerial aspects of the bank. It then discusses the sources of data collected, limitations faced, and provides an industry profile of the banking sector in India. Finally, it gives an overview of Dhanlaxmi Bank Ltd, describing its founding, expansion, services, technology initiatives, and current business.
The document discusses the transformation of the banking sector in India over the past decade. With the entry of private players and focus on consumers, banking underwent significant changes with the introduction of new technologies and channels like ATMs, internet banking, and mobile banking. This allowed customers to conduct transactions outside of traditional branch banking. The Reserve Bank of India has introduced new payment systems like NEFT and RTGS to modernize transactions. Going forward, RBI is looking to develop new real-time payment systems like "India MoneyLine" to allow 24/7 funds transfers.
This document provides an overview of Axis Bank, one of India's largest private sector banks. It was established in 1993 and began operations in 1994. The bank was jointly promoted by several large public sector financial institutions. It has grown significantly over the past two decades and as of 2015 had over 2500 branches across India and several international offices. The document provides details on Axis Bank's business activities, subsidiaries, and financial performance to give context and background on the organization.
Banking awareness study materials pdf download linklalitchola10
This document provides an overview of the emerging trends in the Indian banking industry, including increased use of technology. It discusses how core banking systems, centralized payment systems like NEFT and NECS, and mobile banking services are becoming more widespread. It also notes that Indian banks have better gender diversity on their boards compared to Western banks. Overall, the banking industry in India is becoming more technology-driven and innovative in its service offerings.
The Reserve Bank of India (RBI) was established in 1948 and took over control of commercial banks in 1949. RBI has traditional functions like currency issue, banking regulations, and monetary policy. It also has promotional functions to support agriculture, small businesses, and cooperatives. RBI supervises commercial banks through on-site inspections and off-site monitoring to ensure their health and compliance with regulations.
Impact of Branchless Banking on Customer SatisfactionRashid Ali Soomro
The main objective of this research is to establish how Branchless banking has impacted customer satisfaction in Pakistan. A rapid evolution in technology over the past decade has brought unprecedented changes to the Pakistan banking industry. The document discusses the background of branchless banking in Pakistan and internationally. It reviews literature related to customer satisfaction with branchless banking and identifies key factors like reliability, fees/charges, response, customer support, and privacy/security that impact customer satisfaction.
The document summarizes the history and development of banking in India. It discusses how banking originated in the late 18th century and the oldest existing bank is State Bank of India. It then covers the nationalization of banks in 1969 and 1980, the introduction of private banks in 1990s, and the major functions and regulatory tools of the Reserve Bank of India such as Cash Reserve Ratio, Statutory Liquidity Ratio, repo rate, reverse repo rate, and bank rate which are used to control money supply and credit in the economy.
To watch full video click on the link below-
https://youtu.be/RRgkQ7lSdqM
NPCI, an initiative of the Reserve Bank of India (RBI) and Indian Banking Association (IBA) is an umbrella organization for operating retail payments and settlement systems in India.
It functions under provision of Payment and Settlement Systems Act, 2007.
It is a not-for-profit organization set up under the provisions of Section 25 of Companies Act, 1956 (amended as Sec 8 of Companies Act 2013).
Facilitates easy access to online payment services with variety of banking products and services.
Products offered by NPCI
IMPS (Immediate Payment Service) is an instant payment inter-bank electronic funds transfer system in India. Unlike NEFT and RTGS, the service is available 24*7 throughout the year.
NFS (National Financial Switch) is the largest network of shared ATMs in India facilitating convenience banking.
AePS (Aadhaar-enabled Payment Service) is a bank led model that allows financial transaction at PoS of any bank using the Aadhaar authentication through the retail merchant.
CTS (Cheque Truncation System) facilitates uses of digital signature or encryption methods to prevent manipulation of data during transition of cheque clearance.
UPI (Unique Payments Interface) is a system that makes multiple bank accounts to be accessed from a single mobile application using mobile no. or UPI id as unique transaction address.
Thank you for Watching
Subscribe to DevTech Finance
This document provides a summary of an internship report submitted by Arjun P R at Dhanlaxmi Bank Ltd. It begins with an introduction and outlines the objectives of the internship which were to learn about the functional and managerial aspects of the bank. It then discusses the sources of data collected, limitations faced, and provides an industry profile of the banking sector in India. Finally, it gives an overview of Dhanlaxmi Bank Ltd, describing its founding, expansion, services, technology initiatives, and current business.
This document provides an overview of a project report on agricultural loans at Kotak Mahindra Bank Rudrapur branch. It includes an acknowledgement, executive summary, introduction to banking and Kotak Mahindra Bank, methodology, data analysis, findings, and references. The project examines Kotak Mahindra Bank's agricultural loan schemes, including short-term crop loans, medium/long-term loans for farm buildings/structures, irrigation development, farm equipment purchase, and Kisan Credit Cards. It analyzes consumer perception of these agricultural financing options.
The document discusses the National Payments Corporation of India (NPCI), an umbrella organization established to operate retail payment systems in India. It was incorporated in 2008 with the objectives of consolidating existing payment systems and facilitating affordable payment mechanisms. NPCI operates various national payment systems, including the National Financial Switch for ATM transactions, RuPay for domestic debit and credit cards, Immediate Payment Service (IMPS) for mobile fund transfers, the Cheque Truncation System (CTS) and National Automated Clearing House (NACH) for bulk transactions. The organization aims to provide standardized and interoperable payments infrastructure across the country.
This document summarizes the benefits of shifting to a cashless economy in India. It discusses how digital payments provide convenience compared to cash transactions. It also outlines various discounts and incentives offered by the government to promote cashless transactions, such as discounts on fuel purchases, railway tickets, insurance premiums, and highway tolls. Additionally, the document states that digital payments allow for easier tracking of expenditures compared to cash transactions.
PROBLEMS AND CHALLENGES ON INDIAN BANKING SECTOR IN PRE AND POST GLOBALISATIO...IAEME Publication
The post-nationalization era saw a sea-change in the banking scenario: financial stability of public sector banks (PSBs) controlling more than 84% of Banking business of the country, PSBs commanding trust and confidence of the Banking-public, expansion of Branch net-work of Banks – particularly in hitherto unbanked rural and semi-urban centers, opening up the banking services accessible to the rural poor, expansion of credit to agriculture, small scale industries and small entrepreneurs, artisans – even to the marginal farmers, small shop-owners, vegetable vendors etc.
National Payments Corporation of India (NPCI) is a not-for-profit organization established in 2008 to consolidate and integrate various retail payment systems in India and enable interoperable digital financial transactions. It aims to provide standardized and uniform payment systems. NPCI owns and operates core retail payment systems used by banks such as Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), RuPay, National Financial Switch (NFS) and Bharat Bill Payment System. NPCI is promoted by the Reserve Bank of India and owned by major Indian banks. It works to develop infrastructure and facilitate innovation in payments and settlement systems to drive greater financial inclusion in
The document provides information about a project proposal for Habib Bank Limited (HBL) Management Information System (MIS). It discusses the banking system and history of HBL. It outlines the products, services, and hierarchy within HBL Madina Town branch. It also describes how MIS is used in HBL to integrate computer systems and provide real-time data across branches to facilitate thousands of daily transactions.
This document provides information about Syndicate Bank, an Indian government-owned bank. It discusses the history, leadership, products/services, financial performance, branch network, and awards of the bank. Some key points:
- Syndicate Bank was established in 1925 in Udupi, Karnataka and was nationalized by the Indian government in 1967.
- As of 2013, it had over 25,000 employees and 2,934 branches across India and 1 in London.
- Major products include savings/current accounts, term deposits, loans for housing, vehicles, education, and more.
- In 2013, total income was Rs. 1,829.50 billion and net profit was Rs. 200.44
Lecture # 8 financial inclusion small finance banksHarveer Singh
Small Finance Banks are new types of banks licensed by the RBI to promote basic banking services like deposits and lending to unserved/underserved sections. They must adhere to prudential norms like commercial banks and at least 75% of their credit must go to priority sectors. Initially, 50% of their loan portfolio must be for amounts up to Rs. 25 lakh and over time they can apply to become universal banks if they perform satisfactorily. Payment banks will complement traditional banks by ensuring cheaper services and pushing for more efficient payment channels.
The document provides an overview of the promising future of the banking sector in India. It discusses the growth of the various types of banks in India including nationalized banks, private banks, foreign banks, and cooperative banks. It also summarizes the role of the Reserve Bank of India in controlling monetary policy and managing the country's currency reserves. The banking sector has experienced significant changes in recent decades through the nationalization of banks, entry of private banks, and increased presence of foreign banks which has led to more competitive and customer-friendly services.
This document provides a project report submitted to Savitribai Phule Pune University on "A Financial Approach Towards Performance of Various Services of Axis Bank Ltd". The report was submitted to the Department of MBA at SRES College of Engineering in Kopargaon, India in partial fulfillment of an MBA degree. The report discusses Axis Bank's financial services, account types, operations processes, and analyzes customer feedback to evaluate the bank's performance. Overall, the report finds that Axis Bank's financial position is good with opportunities to improve liquidity and increase customer relationships. It provides suggestions such as maintaining solvency and decreasing account costs.
The document provides an overview of the Indian banking industry including its structure, magnitude, market share, technology adoption, key players from the public sector, private sector and foreign banks. It also highlights opportunities in the rural and retail banking sectors as well as segments like pension funds, insurance, debit/credit cards. HDFC Bank is discussed as a leading private sector bank with a focus on operational excellence, customers, products and people. The merger of Centurion Bank of Punjab with HDFC Bank to create a larger combined entity is also summarized. ICICI Bank is introduced as India's largest private sector bank with a focus on various subsidiaries and maintaining its brand and global presence.
guys this is a very good and nice ppt on internet banking. it covers so many topics in very limited slide. it looks attractive due to fonts, pictures and colours used in this presentation.
this presentation has good animations and looks beautiful and attractive.
The document provides an overview of the banking industry in India. It discusses the types and functions of banks in India, including commercial banks which are divided into retail banking, treasury banking, and wholesale banking. It outlines the history of banking in India from the 4th century BC through phases of nationalization. It also discusses the key regulators of the financial sector in India and provides data on the growth and performance of the banking system. Finally, it categorizes the different types of banks operating in India including private, public, foreign and cooperative banks.
The document provides information about a group project on United Bank Limited (UBL). It discusses UBL's history, founders, branches, assets, products, vision, mission, core values and various consumer products offered by UBL like credit cards, cash loans, and mobile and online banking services. Symbol Software is also discussed as the technology provider for UBL's banking services.
A STUDY ON DEPLOYMENT OF ATMs OF COMMERCIAL BANKS IN INDIARAVICHANDIRANG
India is one of the well organised banking system consist country in the world with effective regulated authorities and connected with more than 80 crore people. The Indian banking system comprises of 12 public sector banks, 22 private sector banks, 46 foreign banks, 56 regional rural banks, 1485 urban cooperative banks and 96,000 rural cooperative banks in addition to cooperative credit institutions As of November 2020, the total number of ATMs in India increased to 209,282. Even now this number has increased due to changing purchase behaviour of the people in the country. Indian banking industry has recently observed the roll out of innovative banking models like payments and small finance banks. RBI’s new measures may go a long way in helping the restructuring of the domestic banking industry. With the help of information and communication technology, digital banking becomes a powerful part in the financial services and products. The digital payments system in India has progressed the most among 25 countries with India’s Immediate Payment Service being the only system at level five in the Faster Payments Innovation Index.In this aspect this study made an attempt to understand the deployment of ATMs of commercial banks in India.
This document discusses payment banks in India. It begins by providing context on the role of banks in India's economy and financial system. It then defines payment banks as a new type of niche bank licensed by the Reserve Bank of India to promote financial inclusion. Payment banks can accept deposits up to 1 lakh rupees but cannot lend. They aim to provide basic banking services to low-income groups. The document outlines the objectives and guidelines for payment banks, including the 11 entities licensed to operate them. It explores how payment banks may affect the existing banking sector by expanding access but operating in specific areas.
Legal and regulatory aspects of banking and non banking companiesTOSHISH SARODE
This document provides an overview of various legal and regulatory aspects related to banking and non-banking companies in India. It discusses definitions of banking, the legal framework for bank regulation including the Reserve Bank of India Act and the Banking Regulation Act. It also summarizes Basel II and III capital adequacy frameworks, guidelines on licensing of payment banks, the Payment and Settlement Systems Act 2007, and various principles related to prevention of money laundering and debt recovery.
Dhanlaxmi Bank was established in 1927 in Thrissur, Kerala and has since expanded to 181 branches across southern India. The report provides an overview of the bank's history, operations, products and services. It discusses the bank's expansion across southern states since 1937 and moving outside the region in 1985. The bank has adopted new technologies like CBS, internet banking, ATMs and debit cards to improve customer service. It aims to provide customized and personalized banking through these channels. The report also provides details of the bank's financial performance with deposits of Rs. 2533 crores and profits of Rs. 9.51 crores as of March 2006.
Banking history types services Revolution by bhushankBhushan Kasture
This document discusses the history and types of banking in India. It notes that 76% of Indians are not financially literate according to an S&P survey. It then provides information on the key laws governing banking in India - the Reserve Bank of India Act of 1934 and the Banking Regulation Act of 1949.
It discusses the origins of banking dating back to 2000 BC in ancient Assyria and Babylonia. It also outlines the various types of banks in India including central banks, commercial banks, cooperative banks, development banks, and investment/merchant banks. For each type of bank, it provides details on their roles and functions. In conclusion, it emphasizes how technology and e-banking have revolutionized the Indian
This document provides an overview of a project report on agricultural loans at Kotak Mahindra Bank Rudrapur branch. It includes an acknowledgement, executive summary, introduction to banking and Kotak Mahindra Bank, methodology, data analysis, findings, and references. The project examines Kotak Mahindra Bank's agricultural loan schemes, including short-term crop loans, medium/long-term loans for farm buildings/structures, irrigation development, farm equipment purchase, and Kisan Credit Cards. It analyzes consumer perception of these agricultural financing options.
The document discusses the National Payments Corporation of India (NPCI), an umbrella organization established to operate retail payment systems in India. It was incorporated in 2008 with the objectives of consolidating existing payment systems and facilitating affordable payment mechanisms. NPCI operates various national payment systems, including the National Financial Switch for ATM transactions, RuPay for domestic debit and credit cards, Immediate Payment Service (IMPS) for mobile fund transfers, the Cheque Truncation System (CTS) and National Automated Clearing House (NACH) for bulk transactions. The organization aims to provide standardized and interoperable payments infrastructure across the country.
This document summarizes the benefits of shifting to a cashless economy in India. It discusses how digital payments provide convenience compared to cash transactions. It also outlines various discounts and incentives offered by the government to promote cashless transactions, such as discounts on fuel purchases, railway tickets, insurance premiums, and highway tolls. Additionally, the document states that digital payments allow for easier tracking of expenditures compared to cash transactions.
PROBLEMS AND CHALLENGES ON INDIAN BANKING SECTOR IN PRE AND POST GLOBALISATIO...IAEME Publication
The post-nationalization era saw a sea-change in the banking scenario: financial stability of public sector banks (PSBs) controlling more than 84% of Banking business of the country, PSBs commanding trust and confidence of the Banking-public, expansion of Branch net-work of Banks – particularly in hitherto unbanked rural and semi-urban centers, opening up the banking services accessible to the rural poor, expansion of credit to agriculture, small scale industries and small entrepreneurs, artisans – even to the marginal farmers, small shop-owners, vegetable vendors etc.
National Payments Corporation of India (NPCI) is a not-for-profit organization established in 2008 to consolidate and integrate various retail payment systems in India and enable interoperable digital financial transactions. It aims to provide standardized and uniform payment systems. NPCI owns and operates core retail payment systems used by banks such as Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), RuPay, National Financial Switch (NFS) and Bharat Bill Payment System. NPCI is promoted by the Reserve Bank of India and owned by major Indian banks. It works to develop infrastructure and facilitate innovation in payments and settlement systems to drive greater financial inclusion in
The document provides information about a project proposal for Habib Bank Limited (HBL) Management Information System (MIS). It discusses the banking system and history of HBL. It outlines the products, services, and hierarchy within HBL Madina Town branch. It also describes how MIS is used in HBL to integrate computer systems and provide real-time data across branches to facilitate thousands of daily transactions.
This document provides information about Syndicate Bank, an Indian government-owned bank. It discusses the history, leadership, products/services, financial performance, branch network, and awards of the bank. Some key points:
- Syndicate Bank was established in 1925 in Udupi, Karnataka and was nationalized by the Indian government in 1967.
- As of 2013, it had over 25,000 employees and 2,934 branches across India and 1 in London.
- Major products include savings/current accounts, term deposits, loans for housing, vehicles, education, and more.
- In 2013, total income was Rs. 1,829.50 billion and net profit was Rs. 200.44
Lecture # 8 financial inclusion small finance banksHarveer Singh
Small Finance Banks are new types of banks licensed by the RBI to promote basic banking services like deposits and lending to unserved/underserved sections. They must adhere to prudential norms like commercial banks and at least 75% of their credit must go to priority sectors. Initially, 50% of their loan portfolio must be for amounts up to Rs. 25 lakh and over time they can apply to become universal banks if they perform satisfactorily. Payment banks will complement traditional banks by ensuring cheaper services and pushing for more efficient payment channels.
The document provides an overview of the promising future of the banking sector in India. It discusses the growth of the various types of banks in India including nationalized banks, private banks, foreign banks, and cooperative banks. It also summarizes the role of the Reserve Bank of India in controlling monetary policy and managing the country's currency reserves. The banking sector has experienced significant changes in recent decades through the nationalization of banks, entry of private banks, and increased presence of foreign banks which has led to more competitive and customer-friendly services.
This document provides a project report submitted to Savitribai Phule Pune University on "A Financial Approach Towards Performance of Various Services of Axis Bank Ltd". The report was submitted to the Department of MBA at SRES College of Engineering in Kopargaon, India in partial fulfillment of an MBA degree. The report discusses Axis Bank's financial services, account types, operations processes, and analyzes customer feedback to evaluate the bank's performance. Overall, the report finds that Axis Bank's financial position is good with opportunities to improve liquidity and increase customer relationships. It provides suggestions such as maintaining solvency and decreasing account costs.
The document provides an overview of the Indian banking industry including its structure, magnitude, market share, technology adoption, key players from the public sector, private sector and foreign banks. It also highlights opportunities in the rural and retail banking sectors as well as segments like pension funds, insurance, debit/credit cards. HDFC Bank is discussed as a leading private sector bank with a focus on operational excellence, customers, products and people. The merger of Centurion Bank of Punjab with HDFC Bank to create a larger combined entity is also summarized. ICICI Bank is introduced as India's largest private sector bank with a focus on various subsidiaries and maintaining its brand and global presence.
guys this is a very good and nice ppt on internet banking. it covers so many topics in very limited slide. it looks attractive due to fonts, pictures and colours used in this presentation.
this presentation has good animations and looks beautiful and attractive.
The document provides an overview of the banking industry in India. It discusses the types and functions of banks in India, including commercial banks which are divided into retail banking, treasury banking, and wholesale banking. It outlines the history of banking in India from the 4th century BC through phases of nationalization. It also discusses the key regulators of the financial sector in India and provides data on the growth and performance of the banking system. Finally, it categorizes the different types of banks operating in India including private, public, foreign and cooperative banks.
The document provides information about a group project on United Bank Limited (UBL). It discusses UBL's history, founders, branches, assets, products, vision, mission, core values and various consumer products offered by UBL like credit cards, cash loans, and mobile and online banking services. Symbol Software is also discussed as the technology provider for UBL's banking services.
A STUDY ON DEPLOYMENT OF ATMs OF COMMERCIAL BANKS IN INDIARAVICHANDIRANG
India is one of the well organised banking system consist country in the world with effective regulated authorities and connected with more than 80 crore people. The Indian banking system comprises of 12 public sector banks, 22 private sector banks, 46 foreign banks, 56 regional rural banks, 1485 urban cooperative banks and 96,000 rural cooperative banks in addition to cooperative credit institutions As of November 2020, the total number of ATMs in India increased to 209,282. Even now this number has increased due to changing purchase behaviour of the people in the country. Indian banking industry has recently observed the roll out of innovative banking models like payments and small finance banks. RBI’s new measures may go a long way in helping the restructuring of the domestic banking industry. With the help of information and communication technology, digital banking becomes a powerful part in the financial services and products. The digital payments system in India has progressed the most among 25 countries with India’s Immediate Payment Service being the only system at level five in the Faster Payments Innovation Index.In this aspect this study made an attempt to understand the deployment of ATMs of commercial banks in India.
This document discusses payment banks in India. It begins by providing context on the role of banks in India's economy and financial system. It then defines payment banks as a new type of niche bank licensed by the Reserve Bank of India to promote financial inclusion. Payment banks can accept deposits up to 1 lakh rupees but cannot lend. They aim to provide basic banking services to low-income groups. The document outlines the objectives and guidelines for payment banks, including the 11 entities licensed to operate them. It explores how payment banks may affect the existing banking sector by expanding access but operating in specific areas.
Legal and regulatory aspects of banking and non banking companiesTOSHISH SARODE
This document provides an overview of various legal and regulatory aspects related to banking and non-banking companies in India. It discusses definitions of banking, the legal framework for bank regulation including the Reserve Bank of India Act and the Banking Regulation Act. It also summarizes Basel II and III capital adequacy frameworks, guidelines on licensing of payment banks, the Payment and Settlement Systems Act 2007, and various principles related to prevention of money laundering and debt recovery.
Dhanlaxmi Bank was established in 1927 in Thrissur, Kerala and has since expanded to 181 branches across southern India. The report provides an overview of the bank's history, operations, products and services. It discusses the bank's expansion across southern states since 1937 and moving outside the region in 1985. The bank has adopted new technologies like CBS, internet banking, ATMs and debit cards to improve customer service. It aims to provide customized and personalized banking through these channels. The report also provides details of the bank's financial performance with deposits of Rs. 2533 crores and profits of Rs. 9.51 crores as of March 2006.
Banking history types services Revolution by bhushankBhushan Kasture
This document discusses the history and types of banking in India. It notes that 76% of Indians are not financially literate according to an S&P survey. It then provides information on the key laws governing banking in India - the Reserve Bank of India Act of 1934 and the Banking Regulation Act of 1949.
It discusses the origins of banking dating back to 2000 BC in ancient Assyria and Babylonia. It also outlines the various types of banks in India including central banks, commercial banks, cooperative banks, development banks, and investment/merchant banks. For each type of bank, it provides details on their roles and functions. In conclusion, it emphasizes how technology and e-banking have revolutionized the Indian
This document provides an overview of world-class customer service practices at banks. It discusses the concept of world-class service and how it can be defined and measured. It emphasizes putting customer-focused thinking at the center of everything and providing a consistently outstanding customer experience. The document then provides examples of innovative customer service practices at various international banks. It also summarizes information about two major Indian banks - ICICI Bank and Bank of Baroda - including their history, products/services, networks, and initiatives to improve customer experience.
Emerging Trends of Banking in India.pptxSumeshJohn5
The banking sector in India has undergone significant changes in recent decades due to economic reforms and advancements in digital technology. Key trends include a large increase in deposits and credit, widespread digitalization and electronic banking services, bank consolidation through mergers, and the adoption of universal banking models. New regulations have also led to new types of banks obtaining licenses while open banking initiatives like UPI have increased payment options. Growing non-performing assets, fraud prevention measures, and the implementation of international banking standards additionally reflect changes in the Indian banking system.
The document provides background information on e-banking in India. It discusses:
1) The evolution of e-banking, from early distance banking services in the 1980s to the first online internet banking services in 1994.
2) The pre-e-banking scenario in India, where traditional banking involved limited information available only at physical branches.
3) How increased competition from private banks in the 1990s forced public sector banks to adopt technology and computerize operations.
Case Study On The Growing Saga of E - Payment SystemVARUN KESAVAN
Every country has a financial system of its own that serves as backbone of its entire development. A financial system is a set of institutional arrangements through which financial surplus in the economy is mobilized from surplus units and transferred to deficit spenders. The financial system of any country consists of banking and non banking financial institutes, these institutes are providing various types of financial services to the customers. In the financial services, financial clearing and fund transfer service is most important service than other services. Payment systems improve financial intelligibility, stimulating business growth and consumption .The success of the banking system has depends upon the efficient and quality of clearing system of the industry. If we overlook the worldwide this system has changing drastically with technological advancements. Last few years evident that, Information and Communication Technology (ICT) have become a mean for improvement of financial system worldwide. In India, most of banks and financial institutions are offering ICT based financial products and services to improve their business efficiency and speed of services e.g. called e - banking, internet banking, electronic fund transfer, electronic clearing, mobile banking etc.
The document discusses the transformation of the banking sector in India over the past decade. With the entry of private players and focus on consumers, banking underwent significant changes with the introduction of new technologies and channels like ATMs, internet banking, and mobile banking. This allowed customers to conduct transactions outside of traditional branch banking. The Reserve Bank of India has introduced new payment systems like NEFT and RTGS to modernize transactions. Going forward, RBI is looking to develop new real-time payment systems like "India MoneyLine" to allow 24/7 funds transfers.
The development of the Indian banking system can be divided into three phases:
Phase I from 1786 to 1969 saw slow growth and periodic bank failures. Phase II from 1969 to 1991 included nationalization of banks and reforms. Phase III from 1991 onward introduced many new banking products and facilities as part of liberalization reforms. Technological developments like ATMs, internet banking, and real-time payment systems have modernized the system but full implementation remains a work in progress, especially in rural areas, due to infrastructure challenges. Innovation in areas like biometric authentication, mobile payments, and virtual banking promise further advances.
UCO Bank is a public sector bank established in 1943 with headquarters in Kolkata. It has over 2,600 branches across India and two international branches. The bank offers various loan and deposit products to retail, wholesale, and corporate customers. It focuses on sectors like agriculture and infrastructure financing. Career opportunities at UCO Bank include roles in business development, branch management, customer service, and loans. The bank faces opportunities in rural banking and small enterprise financing but also threats from competition and economic conditions.
HDFC Bank was one of the first private sector banks established in India in 1994. It has grown to become one of the largest banks in India with over 1,400 branches and 3,295 ATMs across 528 cities. HDFC Bank offers a wide range of banking products and services to both retail and corporate customers through its wholesale and retail banking divisions. It has achieved numerous awards and recognition for its financial performance, innovation, and customer service.
Final year project-Customer Awareness Towards SBI E Banking ServicesRahulsah65
This is a Final Year Project emphasizing on the Perspective, opinion and awareness of People and customers of SBI towards E banking facilities provided By Sbi in khonsa(Arunachal Pradesh)
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Test Automation with generative AI and Open AI.
UiPath integration with generative AI
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• Why is it important?
• How can it help today’s business and the benefits
• Phases in Communication Mining
• Demo on Platform overview
• Q/A
2. BANKING SYSTEM
The banks accept deposits for making loans to the
borrowers as also facilitates payments as part of
the country’s payment and settlement systems.
The ‘traditional’ banking is a process of financial
intermediation wherein the bank acts as an
intermediary between the savers and the
borrowers.
The banks have now become a virtual marketplace offering among others, various
non-banking financial products and services to the customers.
Banks offers these products and services to their own customers only after
conducting due diligence on the customer in terms of KYC/AML framework.
5. BANKING SYSTEM
The Indian banking system is built on the following
fundamental principles:
Principle of intermediation
Principle of liquidity
Principle of profitability
Principle of solvency
Principle of trust
Principle of intermediation
Principle of liquidity
Principle of profitability
Principle of solvency
Principle of trust
Principle of intermediation
Principle of liquidity
Principle of profitability
Principle of solvency
Principle of trust
6. HISTORICAL BACKGROUND OF
BANKING INDUSTRY
•Banking industry is the back bone of any economy. Step by
step development of banking sector is as under:
•Bank of Hindustan was set up in 1870; it was the earliest
Indian Bank.
•Three presidency banks - Bank of Calcutta, Bank of Bombay
and Bank of Madras were set up under Presidency Bank's act
1876, laying foundation for modern banking in India.
•In 1921, all presidency banks were amalgamated to form the Imperial Bank of India.
•Reserve Bank of India (RBI) was constituted as an apex body under RBI Act passed in 1934.
•Banking Regulations Act was passed in 1949. This regulation brought RBI under government control. RBI got
wide ranging powers for supervision and control of banks.
•In 1955, RBI acquired control of the Imperial Bank of India, which was renamed as State Bank of India. In
1959, SBI took over control of eight private banks floated in the erstwhile princely states, making them as its
100% subsidiaries.
•In 1960, RBI was empowered to force compulsory merger of weak banks with the strong ones. As a result, the
total number of banks reduced from 566 in 1951 to 85 in 1969.
•In 1961, the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of RBI, for providing
insurance on deposits and guaranteeing of credit facilities.
•In 1975, Regional Rural Banks established to provide sufficient banking and credit facility for agriculture and
other rural sectors.
•In July 1969, government nationalized 14 banks having deposits of . 50 crores and above.₹
•In 1980, government nationalized 6 more banks with deposits of more than .200 crores.₹
•The amendment of Banking Regulation Act in 1993 saw the entry of new private sector banks.
7. STRUCTURE OF INDIAN BANKS
In order to understand the challenges and opportunities of
Indian Banking Industry, we need to understand the
structure of Indian Banking Industry, provided below:
Reserve Bank of IndiaReserve Bank of India
BanksBanks Financial InstitutionsFinancial Institutions
Scheduled
Commercial Banks
Scheduled
Commercial Banks
Co-Operative
Credit
Institutions
Co-Operative
Credit
Institutions
All India
Financial
Institutions
All India
Financial
Institutions
State level
Institutions
State level
Institutions
Other
Institutions
Other
Institutions
Public Sector
Banks
Public Sector
Banks
Private
Sector Banks
Private
Sector Banks
Foreign
Banks
Foreign
Banks
Regional
Rural
Banks
Regional
Rural
Banks
Urban
Cooperative
Banks
Urban
Cooperative
Banks
Rural Cooperative
Credit Institutions
Rural Cooperative
Credit Institutions
8. Computerization in Banks
Computerization of banks in India was a roller coaster
path for the planners.
The word computer was not acceptable to the
employees of the bank in early 70s and all efforts to
introduce automation process were met with stiff
resistance.
Nationalization of banks in 1969 followed by rapid
expansion of banking activities resulted several fold
increase in the number of branches and business.
Mechanization was seen as the best solution to improve customer
service and to prevent high incidence of frauds.
The committee formed under the stewardship of Dr.Rangarajan in
1984, proposed a model for mechanization of bank branches and
controlling offices.
The committee suggested measures for introduction of computers in
banks in a phased manner.
The second Rangarajan Committee‘s recommendation in 1989, paved
way for greater usage of computers in the banks.
The signing of agreement by the employees’ unions with the
management in 1993 brought major breakthrough in computerization
of banks in India.
9. INFORMATION TECHNOLOGY IN BANKS
Initially, all banking activities like maintaining ledgers, and registers,
interest calculation, preparation of statements, etc. were done
manually.
As the volume of business grew, a need was felt for improving
customer services through mechanisation of transactions.
Initially banks introduced Advanced Ledger Posting Machine (ALPM).
With the advent of the Personal Computer (PC) in 1980, Reserve Bank
of India (RBI) set up various working group and committees during the
period 1982 to 1995 for Computerisation of banks in India.
During the past few years, information technology has made rapid
inroads into our lives. It has created unmatched convenience and value
for users across various industries.
Days of definite banking hours are no more in vogue. Banking services
are now available 24x7 through ATM networks, mobile banking, and
Internet Banking. Banks are able to provide superior customer service,
solve reconciliation problems, and increase their operational efficiency,
profitability, and productivity.
Bill Gates once said, "For 21st century, banking is essential not banks".
10. During the earlier years, use of
Technology in banking operations
arose more as a necessity to
manage house-keeping and to
strengthen internal control systems
– Prime movers being Regulatory
Agencies such as RBI, CVC…..
INFORMATION TECHNOLOGY IN BANKS
11. Over the years, Banks themselves have
embarked upon major technology driven
programs, in the face of competition and
being driven by need to service customers
more effectively and efficiently.
Especially with the arrival of new
generation private sector banks, technology
has become an integral part of Banks’
business strategy and a tool for creating
value and customer satisfaction, resulting
in redefining of Banking and rediscovering
of Customer.
INFORMATION TECHNOLOGY IN BANKS
13. EVOLUTION OF TECHNOLOGY
• Initially man was just like any other animal
– But he had something unique - The ability to think !!!
• He invented tools to make his life easy
– That day man discovered TECHNOLOGY
• Perhaps wheel was the most wonderful
invention he ever made
– It revolutionized his life and thought
• Wheel gave him the ability to travel fast, faster
– it has made him the fastest animal on earth
14. With wheels came accidents
But just because wheels
caused accidents could he
abandon vehicles and return to
walking?
Technology & Safety
15. Technology & Safety
• He found ways to make his
travel safe, safer
– Safer vehicles, better roads
– Traffic rules and regulations
– Traffic signals, traffic police
• Thus technology became his
best friend forever
16. Banking
• Initially it was all done in paper
– Manually calculating interests for
each of the 1000+ accounts
– Handling huge dusty ledgers
– And many more
We still remember those days
17. Banks & Technology
• No more manual interest calculation
• No more dusty huge ledgers
• Better services to customers
– ATM
– Anywhere banking
– Internet banking
– Credit cards
– Phone Banking
– ECS/RTGS/SFMS
Did these services made man’s life easier ?
19. During the past few years
Information Technology
has made
rapid inroads
into
our lives
in a way
we could ever imagine.
20. SBS-ISD – HEAD OFFICE - BHAVNAGAR
Mom, When is my Happy Download Day?
21. SBS-ISD – HEAD OFFICE - BHAVNAGAR
How many times have I told you!
You were not downloaded. You were born………….
22. Like instant coffee, instant soup
and
instant breakfast,
we are currently developing an insatiable
appetite for instant information made
possible by Information Technology.
Information Technology has completely
changed the way, we lead our lives.
23. Historical Perspective….
• Computerization of branches of banks began
in the late eighties with the introduction of
ledger posting machines (LPMs), advanced
ledger posting machines (ALPMs), followed
by Stand alone computer systems (LANs)
which metamorphosed into network based
systems (WANs), with the latest
development being the installation of Core
Banking solutions
25. Meaning of CBS
• CBS facilitates running of all transactions of a
bank through a centralized system.
• It is basically the heart of all systems running in
a bank and forms the core of the bank's
technology platform.”
• The basis of core banking system is the
establishment of a centralized system and
networking of all the branches with it.
26. Meaning of CBS
• This enables customers to operate
their accounts, and avail banking
services from any branch of the bank
on CBS network, regardless of where
the account is maintained.
• The term ‘CORE’ is explained as
"Centralized Online Real-time
Environment". Data Center (DC), a
centralized system enables access to
all applications across all branches of
the bank.
• CBS is a step towards enhancing
customer satisfaction. Amongst other
functionalities, core banking solution
provides transaction-processing,
central accounting, and customer
information management.
28. FUNCTIONAL ADVANTAGE OF CBS
The day-end and the day-begin activities need not be carried out at the branch
level as they are carried out at the data centre.
Since CBS takes care of changes in the interest rates both for deposit and advance
products, branches need not administer individually.
The risk management system for prevention of anti-money laundering and
identification of suspicious transactions can be carried out centrally by plugging in
suitable software to the core banking solution.
Certain banks were able to introduce centralized back office system for account
opening, issuance of cheque book etc. This will ensure Know Your Customer (KYC)
norms uniformly implemented across the bank.
The CBS also facilitates processing of retail loans like housing loans, car loans, and
small and medium enterprise loans at centralized offices within a city or region.
With the branch staff freed from the regular and repetitive jobs, the productivity of
the employees has increased and activities like marketing, and cross selling of new
products have gained momentum.
Branches are able to extend business hours to benefit the customers.
29. FUNCTIONAL ADVANTAGE OF CBS
Other delivery channels like ATM, internet banking
can be plugged into the system without much
difficulty.
It can support centralized accounting system, and
thus the balance sheet of the bank as a whole can be
generated from the central server.
CBS can introduce standardization of software, and
uniform parameterization across the enterprise.
Even though the initial cost of establishment is very
high, in the long run it proves to be cost effective.
It can be scaled up to meet the enhanced business
volume at any point of time.
It facilitates Business Process Re-engineering (BPR).
It can facilitate easy compliance of regulatory
issues.
The decision support systems and executive
information system can be enabled easily.
CBS is the best customer centric solution to meet all banking
requirements of customers.
30. The core banking is capable of integrating all
delivery channels and support systems such as:
Internet banking
Mobile banking
24x7x365 banking
Anywhere –anytime banking
Decision support systems
Management information systems
Asset liability management system
Risk management system
31. Datacenter
Network Administrators
CBS - Core Banking System Components
Core-Banking
Application
OS, Database
Internet-Banking
ATM
Desktops,
Branch
Servers
WAN,
Internet
WAN,
Internet
Branches
Application Developers
System AdministratorsBranch User/Admins
32. Features of Core Banking
• Minimum data is stored at the branch
• A branch user can access the entire bank
• Downtime at the data center means downtime for the
bank
• A user of CB can access from any point
• Need for Strong & Efficient Backbone
• Efficiency of Central Production Servers
• Support Functions – Help/Service Desk
• Audit includes Information Security at CDC, across the
Network, branches, DRS and Accounting controls
33. Data Centre (DC)
• The DC functions as a central data hub of the bank for both its domestic
and international operations.
• The establishment of data centre should take into account the following
vital issues:
• Location far away from the earth quake zone
• High end infrastructure
• Physical security and robust access control systems
• Fire-proof
• Non-stop power supply, through UPS and generators
• Fully air conditioned
• Reliable connectivity
• High speed internet facility
• Data centre is connected to the branches through dedicated leased
lines as per the network design of the bank.
• The main function of the data centre is to maintain databases and
serves for the core banking and other applications integrated with each
other.
34. DATA CENTRE MANAGEMENT
The Data centre management includes supervision and control of the
following:
Centralized support for CBS and other applications using helpdesk
facilities
Maintenance of data centre infrastructure such as servers, network-
equipment, databases, operating systems, applications
Support infrastructure such as UPS, diesel generators
Physical and IT security related activities
Maintenance and updation of branch specific applications
Improved quality of service and productivity
Connectivity to all branches through Voice Over Internet Protocol (VOIP)
phones a cost saving communication system
Faster performance and trouble shooting
Monitoring of network speed
Near DR site is created for better recovery point objective
In addition to the basic core banking servers, the data centre also
maintains servers for other IT applications like anti money laundering ,
financial inclusion, cash management system, internet banking , mobile
banking , human resource management system, ATM switch etc.
35. NETWORKING OF BRANCHES
The life line of core banking is the connectivity between the
central servers at the data centre and the branches through
networking cabling.
The connectivity architecture could be different for different
institutions depending upon the technology adopted and the
connectivity service chosen.
A typical scenario will have data centre connected to
branches, offices and other retail connects through
dedicated network implemented over leased lines.
Wherever dedicated lines are not available such as remote
rural branches the connectivity are established through
satellite terminals.
The backup for these lines would be alternate leased lines through government
telecom services such as Integrated Service Digital Network (ISDN).
Data centre is connected to the branches through dedicated lines and at times
through a net aggregation point.
The Net Aggregation Point (NAP) is the local hub in a city which is connected to the
data centre at one end and to all branches in the city at other end. It acts like a
junction box.
A branch server acts as a gateway between data centre and various nodes of the
branch.
Normally, banks have a generic WAN design as depicted above.
36. Technology – A great Enabler
• Large volume and variety of business,
accuracy and timeliness.
• Large number of Products, Delivery
Channels and Customer-centric Processes.
• CRM – For cross selling and meeting the
customer life cycle needs.
• Redefining of Customer Convenience.
• Decision support System, Supervisory
Monitoring and Control.
37. Conclusions
Core banking systems have
eliminated physical boundaries for
banking
Vulnerability of Core banking
systems exist without physical
boundaries
A comprehensive information
security and audit program would
strengthen CBS and minimize risk
Continuous auditing is necessary