What Is bank ?
WHAT IS BANK?
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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
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An institution where one can place and borrow money and take care
of financial affairs. A branch office of such an institution
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The first modern bank was founded in Italy in Genoa in 1406, its
name was (Bank of St.George).
Do any one know The Functions
Of Bank ?
Functions of Banks
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Accepting Deposits from public/others (Deposits)
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Lending money to public (Loans)
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Transferring money from one place to another
(Remittances).
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Acting as trustees
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Keeping valuables in safe custody.
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Government business.
TYPES OF BANKS
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Public sector Banks
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Private sector Banks
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Co-operative Banks
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Development Bank/Financial institutions
Public sector Banks
Some Public Sector Banks in India:
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Central Bank of India
Corporation Bank
Dena Bank
Bank of India
Indian Overseas Bank
Oriental Bank of Commerce
Punjab & Sind Bank
Private sectors Banks
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Old generation private banks
New generation private banks
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ICICI Bank
IDBI Bank
Axis Bank
Foreign banks operating in India
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CITI BANK
ABN-AMRO BANK
HSBC BANK
STANDARD CHARTED BANK
CO-OPERATIVE BANKS
The Co operative banks in India started functioning almost 100 years ago.
The Cooperative bank is an important constituent of the Indian Financial
System. They are setup to provide easy loans to farmers or other persons
to set up his business
They are non profitable banks.
Co-operative banks in India finance rural areas under :
Farming
 Cattle
 Milk
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Hatchery
Personal Finance
Some example of co-operative banks in IndiaIDBI BANK(INDUSTRIAL DEVELOPMENT BANK OF INDIA)
 IFCI BANK(INDUSTRIAL FINANCE COOPERATION OF INDIA)
 APEX BANK
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WHO CONTROLS OVER BANKS ??
The Reserve Bank of India (RBI)
History:
Become operational on April 1,1935
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Nationalized in the Year 1949.
Major objectives:
Regulate the issue of banknote.
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Maintain reserves with a view to securing monetary stability.
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To operate the credit and currency system of the country to its advantage.
Functions Of RBI
The functions are classified into three heads:
Traditional functions
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Promotional functions
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Supervisory functions
Traditional functions
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Monopoly of currency notes issue
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Banker to the Government (both the central and state)
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Fight against economic crisis and ensures stability of Indian
economy.
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Controller of ForEx and credit
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Maintaining the external value of domestic
currency
Promotional functions
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Extension of the facilities for the small scale industries
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Innovating the new banking business transactions.
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Extension of the facilities for the provision of the agricultural credit
through NABARD
Supervisory functions
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Granting licence to Banks.
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Periodical review of the work of the commercial banks.
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Control the non-banking finance corporation.
Ways Ahead
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Technological Advancement
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Rural Banking
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Improving Risk Management
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Developing a flexible model for rapid scale-up at
optimal cost
FACTS AND FIGURES
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Indian banking sector has 6th rank in all over the world.
SBI has 6500+ ATMs all over the country.
ICICI bank has 3500+ ATMs all over the country.
RBI had printed 6,39,948 lakhs crore notes till 6TH Nov 2008
IN Indore SBI has 45+ ATMs .
SBI provides the facility and it is tie with 9200+ banks to use their
ATMs.
Acc. To business magazine survey the no. of ATMs grew 28% yearly.
Inspite of it India has 23+ ATMs per million people,
China has 55+ ATMs and South Korea has 1600+ ATMs per million
people.
Transaction done through ATMs is around 70,000 crore in a year.
ICICI bank has largest no. branches in foreign also.
Queries??