Banking

Industry

Rodixon.K.R

The term Banking

means……….

“Accepting for the

purpose of lending or

investment, of deposits

of money from the

public repayable on

demand or otherwise,

and withdrawable by

cheque, draft, and order

or otherwise”.( Banking

Regulation Act of 1949)

General Bank of India(1786)- First joint stock bank

in India

Bank of Bengal(1806)

Bank of Bombay(1840) Imperial Bank

Bank of Madras(1843) (1921)

State Bank of India Act(1955)

State Bank of India

Function(Commercial, Industrial, Agricultural,

Exchange, Savings, Central and World Bank)

Ownership(Public, Private and Co-operative)

Domicile(Domestic and Foreign)

Registration(Scheduled, Non-Scheduled, Licensed,

Non-licensed)

PRIMARY SECONDARY

Accepting Deposits

Lending Money

Agency Services:-(Transfer of funds, cheque collection, standing order execution, purchase and sale of securities, collection of dividend on shares etc.)

General Utility Services:-

(Locker facility, travelers cheque, letter of credit, underwriting, foreign exchange etc.)

Reserve Bank of India is the apex body

constituted to regulate and control the affairs

of banks.

Banking Regulation Act of 1949.

DEPOSITS LOANS

Fixed deposits

Current deposits

Savings deposits

Recurring deposits

Overdraft

Cash Credit

Discounting of Bill of Exchange

Money at call/notice

Term loan

Nationalization implies bringing the control and ownership of banks under Government.

Stages of Nationalization:-

RBI was nationalized in 1949.

State Bank and 7 associated banks were nationalized (1955-1959)

14 major commercial banks in1969

6 more banks in 1980

NUMBER OF BANKS IN INDIA Public Sector Banks -26

Private Sector Banks-25

Foreign Banks in India-29

Regional Rural Banks-95

By 2013, The Indian Banking Industry employed 1,175, 149 employees.

A total of 109,811 branches.

Aggregate deposit of INR67504.54 billion and bank credit of INR52604.59 billion.

The net profit of the banks in India for the previous Financial Year was INR1027.51 billion.

Banks are essential part of the economy.

It is difficult to imagine what our lives would

be like without banks. Industry have high

competency because:-

Banks extend credit for those who are in need

of it.

Provide a safe place for storing our wealth.

Banks keep the many parts of the economy

moving

A healthy economy requires a strong and

healthy Banking system.

Banks contribute to economic growth and

help to finance Govt. expenditures.

Monetary policy and payments would be

impossible without banks.

Public sector Bank

Headquarters- Mumbai, Maharashtra.

Arundhati Bhattacharya-Chairwoman.

Nationalised Imperial Bank and renamed as SBI in1955.

Employees-295,696. Branches-14816.

Products- Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, saving, securities, asset management, credit cards, general insurance etc.

Revenue/profit- 200560 crore/17916 crore

Website-www.sbi.co.in

Public company

Headquarters- Mumbai.

K.V Kamath-Chairman

Ms. Chanda Kochhar(MD & CEO).

Employees-81254, Branches-3800.

Have presence in 19 countries

Products- Credit cards, consumer banking,

corporate banking, finance and insurance,

investment banking, mortgaged loans, private

banking, wealth management etc.

Revenue/Profit- US$13.52 billion/1.60

billion.

Website-www.icicibank.com

Public Sector

Headquarters- New Delhi

K. R Kamath- Chairman

Employees-62,392. Branches-5800.

Serves over 80 million customers

Products- Credit cards, consumer banking,

corporate banking, finance and insurance,

investment banking, mortgaged loans, private

banking, wealth management etc.

Revenue/Profit- 474 billion/4.74 billion

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