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Indian Banking .. ..SECTOR
Indian Banking .. ..SECTOR
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Bank History of Bank Types of Bank Sectors Definition of Public Sector Banking Definition of Private Sector Banking Definition of Cooperative Sector Banking Rural Banking Foreign Banks in India
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Top 10 Banks in India Co-operative banking structure in India. Differences Between Public & Private Sector Banks Main Competitors Present Scenario STATE BANK OF INDIA (Public Sector Bank) HDFC BANK (Private Sector Bank)
BANK
The word of bank is derived from the Italian banca, which is derived from German and mean bench. The term bankrupt and broke is similarly derived from banca rotta. Which refers to an out of business bank, having its bench physically broken. Money lenders in Northern Italy originally did business in open areas or big open rooms with each lender working from his own bench or table.
HISTORY OF BANK
Banking in the modern sense of the word can be traced to medieval and early Renaissance Italy, to the rich cities in the north like Florence, Venice and Genoa. The Bardi and Peruzzi families dominated banking in 14th century Florence, establishing branches in many other parts of Europe. Perhaps the most famous Italian bank was the Medici bank, set up by Giovanni Medici in 1397. The earliest known state deposit bank, Banco di San Giorgio (Bank of St. George), was founded in 1407 at Genoa, Italy.
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2 Co-operative Banks 2.1 Scheduled Urban Co-operative Banks 2.2 Non-Scheduled Urban Co-operative Banks 2.3 Indian Banks with business outside India 2.4 Foreign banks with business in India 2.4.1 Foreign Banks with Representative Offices in India
Nationalized banks
State Bank of India & associates (also nationalized) State Bank of Hyderabad State Bank of Indore (now merged into state bank of India) State Bank of Mysore State Bank of Patiala State Bank of Saurashtra (Now merged into State Bank of India) State Bank of Travancore SBI is a nationalized bank.
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Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Corporation Bank Dena Bank IDBI Bank Indian Bank Indian Overseas Bank
Rural banking
Rural banking in India started since the establishment of banking sector in India. Rural Banks in those days mainly focussed upon the agro sector. The Haryana State Cooperative Apex Bank Ltd. commonly called as HARCOBANK plays a vital role in rural banking in the economy of Haryana State and has been providing aids and financing farmers, rural artisans, agricultural labourers, entrepreneurs, etc. in the state and giving service to its depositors. National Bank for Agriculture and Rural Development (NABARD) is a development bank in the sector of Regional Rural Banks in India. It provides and regulates credit and gives service for the promotion and development of rural sectors mainly agriculture, small scale industries, cottage and village industries, handicrafts.
New policies are introduced by RBI for them The policy conveys that foreign banks in India may not acquire Indian ones (except for weak banks identified by the RBI, on its terms) and their Indian subsidiaries will not be able to open branches freely.
Present scenario
Banking industry has been undergoing a rapid transformation. Banks today are market driven and market responsive. With the entry of new players and multiple channels, customers (both corporate and retail) have become more discerning and less "loyal" to banks. This makes it imperative that banks provide best possible products and services to ensure customer satisfaction. They have been managing a world of information about customers - their profiles, location, needs, requirements, cash positions, etc.
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They are focusing on region-specific campaigns rather than national media campaigns as effective strategy for a diverse country like India. Customer-centricity also investment in technology. implies increasing
Apart from the Mobile Banking, including of SMS Banking, Net Banking and ATMs are the major steps taken by the banks in India towards modernization.
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Head quarters Mumbai, Maharashtra, India Key people O. P. Bhatt(Chairman) Products Investment Banking, Consumer Banking, Commercial Banking, Retail Banking, Private Banking, Asset Management Pensions ,Mortgages, Credit Cards Revenue 85,962.07 crore (US$18.65 billion) (2010) Profit 9,166.05 (US$198.9) (2010) Total assets $323.04 billion (2010) Total equity $18.519 billion (2010) Owner(s) Government of India
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On the asset quality front, the bank's NPA, as of June 30, 2011, reached a three-year high of 3.52% of loans and 277,68 crore on an absolute basis. For the system, the ratio was 2.3% as of March 31, 2011. Against a backdrop of a slowing economy and higher interest rates, the rising trend evident in SBI's new NPA formation rate since the third quarter of FY11 will continue.
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Headquarters Mumbai, India Key people Jagdish Capoor (Chairman) Aditya Puri (MD) Products Investment Banking, Commercial Banking, Retail Banking, Private Banking, Asset Management, Mortgages, Credit Cards Revenue 20,266.99 crore (US$4.4 billion) (2010) Operating income 4,419.01 crore (US$958.93 million) (2010) Profit 3,032.92 crore (US$658.14 million) (2010) Total assets US$ 39.723 billion (2009) Total equity 21,158.15 crore (US$4.59 billion) (2010) Employees 51,888 (2010)