A bank is a financial institution that acts as an intermediary between borrowers and lenders by accepting deposits from customers and lending money. The first modern bank was established in Italy in 1406. The history of banking in India involves three phases - early banking before 1969, nationalization between 1969-1991, and recent reforms after 1991. The Reserve Bank of India, established in 1935, serves as India's central bank and regulates commercial banks. Technological innovations in Indian banking include ATMs, online and mobile banking, and distribution of insurance products through various agents and partnerships. Indian banking offers career opportunities, leadership development, competitive salaries, and personal growth.

2. What is Bank?
 A banker or bank is a financial institution whose
primary activity is to act as a payment agent for
customers and to borrow and lend money.
 An institution where one can place and borrow
money and take care of financial affairs; A
branch office of such an institution.
 The first modern bank was founded in Italy in
Genoa in 1406, its name was (Bank of St.
George).

3. HISTORY OF INDIAN
BANKS
PHASE- I : Early phase from 1786 to 1969 of Indian
Banks.
PHASE- II : Nationalization of Indian Banks and
upto 1991 prior to Indian banking sector reforms .
PHASE- III : New phase of Indian Banking System
with the advent of Indian Financial and Banking Sector
Reforms after 1991.

4. Reserve Bank of India
 The Reserve Bank of India is a central bank and
was established in April 1, 1935 in accordance with
the provisions of Reserve Bank of Indian Act,1934.
 The central office of RBI is located at Mumbai
since nationalization in 1949, RBI is fully owned
by the Government of India. It was inaugurated
with share capital of Rs. 5 Crores divided into
shares of Rs. 100 each fully paid up.

5. Technological Innovations
in Banking Sector
ATM
Plastic money
Data Mining
Tie up arrangements
Virtual Banking-don’t
visit the branch
Phone Banking
Mobile Banking
Marketing Agents for
Distribution of
Products
Insurance Products

6. Why We are Attracted to
Indian Banking System?
 Offers many employment opportunities for young
men and women to build a career.
 Leadership Development
 High range salary
 Personality development etc.