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ACKNOWLEDGEMENT
Gratitude is the hardest of emotions to express as one does not find adequate words to convey what one feels. I feel highly delighted the way my project has been completed. It is a matter of immense pleasure and honors for me that I got an explicit opportunity to work for such an organization, which tends to nurture its human assets in the most orderly and sophisticated manner providing them with utmost care and affection. Any successful accomplishment requires the combined efforts of many people and my task was not an exception. I am highly Indebted to my guide Mr. vikas bhargaw,H.O.D(MBA DEPT) IN OITM guidance and patience I would not had been able to accomplish the task. Last but not the least my utmost thanks to the GOD, who gave me the strength and courage to go ahead thereby helping me to fulfill my task successfully.
PREFACE
With the changing times and changing economic conditions, The Indian Banking industry has been changed in its activity in the past decade. Now we can find a very large network of the banking. No nook and corner is left in India, where people are not know about the banking facilities. With the changing scenario, the banking system has seen many positive as well as negative changes. The problems that are being faced by the banking industry are to be solved as early as possible in order to make its survival for sure. When an in-depth study is made into the problems, the following points come in front of us: The basic reason in the large image of paper work based. Non performing assets . Possibility of forgery of various documents leading to the bad deliveries, legal disputes etc. Loss of documents in transit. Unwarranted delay in transfer of money, it takes long time for customer to get the payment. All these reasons have contributed to the fact that the big customers are hesitant to enter into deals involving large sums of money. So, as an improvement over the existing system, the electronic systems were introduced so as to make the functioning of the banks more efficient and thus, gaining the confidence of the customers. Sushil kumar
CONTENTS:1.Preface. 2.Acknowledgements. 3.Introducations (a) An overview (b) Early History 4.Structure of banking sector in India. 5.Banking industry (a) Private bank (b)Public bank (c)Foreign bank 6.Overview 7.Bibliograpy. 8.Thankyou.
An Overview:
Banking in India originated in the first decade of 18th century with The General Bank of India coming into existence in 1786. This was followed by Bank of Hindustan. Both these banks are now defunct. The oldest bank in existence in India is the State Bank of India being established as "The Bank of Bengal" in Calcutta in June 1806. A couple of decades later, foreign banks like Credit Lyonnais started their Calcutta operations in the 1850s. At that point of time, Calcutta was the most active trading port, mainly due to the trade of the British Empire, and due to which banking activity took roots there and prospered. The first fully Indian owned bank was the Allahabad Bank, which was established in 1865. By the 1900s, the market expanded with the establishment of banks such as Punjab National Bank, in 1895 in Lahore and Bank of India, in 1906, in Mumbai - both of which were founded under private ownership. The Reserve Bank of India formally took on the responsibility of regulating the Indian banking sector from 1935. After India's independence in 1947, the Reserve Bank was nationalized and given broader powers
Definition of Bank
A Bank is who, in the ordinary course of his business, receives money which he pays by honoring Cheques of persons from whom or on whose account he receives it.
Banking in India
Central Bank
Reserve Bank of India State Bank of India Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Corporation Bank Dena Bank Indian Bank Indian Overseas Bank Oriental Bank of Commerce Punjab & Sind Bank Punjab National Bank Syndicate Bank Union Bank of India United Bank of India UCO Bank Vijaya Bank Axis Bank Bank of Rajasthan Bharat Overseas Bank Catholic Syrian Bank Centurion Bank of Punjab City Union Bank Development Credit Bank Dhanalakshmi Bank Federal Bank Ganesh Bank of Kurundwad HDFC Bank ICICI Bank IDBI Bank IndusInd Bank ING Vysya Bank Jammu & Kashmir Bank Karnataka Bank Limited Karur Vysya Bank Kotak Mahindra Bank Lakshmi Vilas Bank Lord Krishna Bank Nainital Bank Ratnakar Bank Sangli Bank SBI Commercial and International Bank South Indian Bank Tamilnad Mercantile Bank Ltd. United Western Bank YES Bank
Nationalized Banks
Private Banks
Banking industry
Private banks
Public banks
Foreign banks
In India the banking sector is segregated as public or private sector banks, cooperative banks and regional rural banks. Foreign banks have been given a different head followed by upcoming foreign banks in this section.
PRIVATE BANKS
Private banking in India was practiced since the beginning of banking system in India. The first private bank in India to be set up in Private Sector Banks in India was IndusInd Bank. IN 1996-2001, the growth rate of private sector banks was significantly higher than that of the banking industry.
Advantages of a banks
Financing of trade and industry Encouragement to capital formation Transfer of money Elasticity in the monetary system Agency function Arrangement of foreign exchange
BIBLIOGRAPY
Website:-wikipedia.org Books:-Indian financial system(Jain T.R.) Newspapers:-The times of India.