State Bank of India

sector-intro (Indian) PHASE I The General Bank of India was set up in the year 1786. Next came Bank of Hindustan and Bengal Bank. The East India Company established Bank of Bengal (1809), Bank of Bombay (1840) and Bank of Madras (1843) as independent units and called it Presidency Banks. PHASE II Nationalisation of Imperial Bank of India with extensive banking facilities on a large scale specially in rural and semi-urban areas. It formed State Bank of india to act as the principal agent of RBI

Functions of Reserve Bank of India The Reserve Bank of India Act of 1934 entrust all the important functions of a central bank the Reserve Bank of India. Bank of Issue Under Section 22 of the Reserve Bank of India Act, the Bank has the sole right to issue bank notes of all denominations. The distribution of one rupee notes and coins and small coins all over the country is undertaken by the Reserve Bank as agent of the Government. The Reserve Bank has a separate Issue Department which is

One of the first commercial banks of India, Central Bank of India, is based in Mumbai and has over 4100 branches all over the country. It has launched a range of innovative banking solutions to its customers. It is also one of the first Indian banks to provide the option of homes loan repayment at fixed or flexible Rate of Interest (ROI). With the tagline of “Loans for Every Need, Wings to Every Dream”, Central Bank of India offers a range of home loans to cater to the varying needs of different

fast over these years. India has a large web of banking it has 26 public sector banks, private sector consists of 20, and there are 43 foreign banks which is a good sign for banking sector. Also it consists of 61 regional banks. There has been a noticeable expansion in dealings through ATMs, and also with internet and mobile banking banks has shown tremendous growth. Indian Parliament in 2012 passed a bill know as (Banking Laws Amendment bill) which has made banking easy in India and also opened doors

dispersing of funds in poverty alleviating programs, the Government, the World Bank and the U.S. are helping India eradicate poverty through dispersing funds to build the economy, battle disease and also improve infrastructure. Corruption can occur through bribes and red tape from low level government levels to high levels. Even though there is corruption detected by politicians and bureaucrats. The Government of India has presented strategies to alleviate poverty through subsidies and other programs

Public Sector Banks (PSBs). After asking small banks to coordinate with large ones on key areas, it has now merged 19 Regional Rural Banks (RRBs) into eight entities, despite reservations by the Reserve Bank of India (RBI). It plans to merge more rural banks by the end of this financial year. RBI has expressed its displeasure at the move, saying the finance ministry didn't keep it in the loop while going ahead with the mergers. The ministry, however, argued it followed the Regional Rural Banks Act, which

United States. This paper will talk about India’s Risk and Analysis, like its geography, demography, economic situation, political situation, social and cultural situations. Geography: India is located in southern Asia next to Bangladesh, Bhutan, China, Burma, Pakistan, and Nepal. Its climate varies from tropical monsoon to temperate plus upland plains in south, flat to rolling plain along the Ganges. It also has deserts in the western area and some Himalayas in the Northern. Though India does not

ICICI Bank was built by the Industrial Credit and Investment Corporation of India (ICICI), an Indian budgetary foundation, as a completely possessed backup in 1994. The guardian organization was shaped in 1955 as a joint-wander of the World Bank, India 's open segment banks and open division insurance agencies to give task financing to Indian industry.[17][18] The bank was at first known as the Industrial Credit and Investment Corporation of India Bank, before it transformed its name to the shortened

A bank is a financial institution that provides banking and other financial services. By the term bank is generally understood an institution that holds a Banking Licenses. Banking licenses are granted by financial supervision authorities and provide rights to conduct the most fundamental banking services such as accepting deposits and making loans. There are also financial institutions that provide certain banking services without meeting the legal definition of a bank, a so-called Non-bank. Banks

ORIGIN AND EVOLUTION OF INDIAN BANKING Opinions differ as to the origin of the work "Banking". The word "Bank" is said to be of Germanic origin, cognate with the French word "Banque" and the Italian word "Banca", both meaning "bench". It is surmised that the word would have drawn its meaning from the practice of the Jewish money-changers of Lombardy, a district in North Italy, who in the middle ages used to do their business sitting on a bench in the market place. Again, the etymological origin