banks in india on the basis of domicile: (1) domestic bank (2) foreign banks on the basis of second...
TRANSCRIPT
Banks in India
On The Basis Of Domicile: (1) Domestic Bank (2) Foreign Banks
On The Basis of Second Schedule of RBI Act: (1) Scheduled Bank (2) Non-Scheduled Bank
On The Basis of Ownership: (1) Public Sector Banks (2) Private Sector Banks
(3) Co-operative Banks (4) Regional Rural Banks
Banks In India on the Basis of Functions
Commercial Banks Industrial Banks Agricultural Banks Exchange Banks Saving Banks Indigenous Banks Central Bank
COMMERCIAL BANKS IN INDIA
Promoting Capital Formation Facilitator of Monetary Policy Monetisation Influence Economic Activity Directing Funds into Desired Channels Implementation of the Policies of Govt. Encouraging Innovations
Functions of Commercial Banks
1. Basic Function: (i) Mobilization of Deposits.
Saving Deposit Account Fixed Deposit Account Recurring Deposit Account Current Deposit Account Flexible Deposit Account
Functions of Commercial Banks
(ii) Credit Deployment: Money at Call Cash Credit Overdraft Discounting Bills of Exchange Term Loan
(iii) Credit Creation
Agency Functions
Remittance of Funds Collection & Payment of Credit Instruments Execution of standing orders Sale and Purchase of securities Trustees and Executors of Wills Collection of Dividend on Shares and Interest
on Debentures
General Utility Functions
Locker Facility Traveller’s Cheque Facility Merchant Banking Service Acting as Underwriters Acting an Information Provider Acting as a Referee
Development Functions
Capital Formation Rural Development Priority Sector Advances Creating Employment Assistance of Money & Capital Market
Modern Functions
ATMs Tele-Banking Internet Banking Smart Cards Round the Clock Banking