Banking & Financial Services

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History & Origin of Banking

Money Gold

Lenders

Smiths

Churches The
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word Bank
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Definition
The

word Bank as understood by Common

Man
Bank

as defined by the Banking Regulation Act, 1949

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Size of the Banking Industry in India

96

Scheduled Commercial Banks 27 Public Sector Banks 31 Private Banks 38 Foreign Banks Combined Network of around 53,000 branches and 49,000 ATMs.

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Functions
Standard

Activities of Commercial Banks (Traditional Banking) Commercial Role (Modern Banking)

Wider

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Standard Activities
Accepting Lending Investing

Deposits

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Wider Commercial Role

Issue

of Bank Notes Payment Processing Issuing Bank Drafts / Cheques Non Funded Credits Safe Deposit Boxes Currency Exchange Acting as a Financial Super Market
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Execution
Branch ATM Mails Tele-Banking Call

a retail location

Centers Online Banking Mobile Banking Video Banking

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Role of Banking Industry

Catering

to the need of Credit Sectoral availability Availability of Credit at cheaper rate Agricultural Credit through Regional Rural Banks (RRBs), Co-operative Banks etc. Assistance in International Trade

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Govt. Control / Regulation

Implementing Determining Controlling

Monetary Policy

Interest Rates

Money Supply entire Banking Industry

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Supervising
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