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    Ojaswi Kulshrestha
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    The banking sector in India includes public sector banks, private sector banks, and cooperative banks. Public sector banks are fully owned by the government and include banks like State Bank of India. Private sector banks operate for profit and include both domestic banks as well as foreign banks operating in India. Cooperative banks are non-profit banks that provide loans to farmers and local businesses. All banks in India are regulated by the Reserve Bank of India, the country's central bank established in 1935.

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    Banking Sector 1(S)

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    The banking sector in India includes public sector banks, private sector banks, and cooperative banks. Public sector banks are fully owned by the government and include banks like State Bank of India. Private sector banks operate for profit and include both domestic banks as well as foreign banks operating in India. Cooperative banks are non-profit banks that provide loans to farmers and local businesses. All banks in India are regulated by the Reserve Bank of India, the country's central bank established in 1935.

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    11 views9 pages

    Banking Sector 1 (S)

    Uploaded by

    Ojaswi Kulshrestha
    The banking sector in India includes public sector banks, private sector banks, and cooperative banks. Public sector banks are fully owned by the government and include banks like State Bank of India. Private sector banks operate for profit and include both domestic banks as well as foreign banks operating in India. Cooperative banks are non-profit banks that provide loans to farmers and local businesses. All banks in India are regulated by the Reserve Bank of India, the country's central bank established in 1935.

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    BANKING SECTOR OF INDIA

    WHAT IS BANK?
    A banker or bank is a financial institution whose primary activity is to act as a payment whose primary activity is to act as a payment agent for customers and to borrow and lend agent for customers and to borrow and lend money. An institution where one can place and An institution where one can place and borrow money and take care of financial affairs; borrow money and take care of financial affairs; A branch office of such an institution. A branch office of such an institution. The first modern bank was founded in Italy. The first modern bank was founded in Italy in Genoa in 1406, its name was (Bank of St. in Genoa in 1406, its name was (Bank of St. George).

    FUNCTIONS OF BANKS
    Accepting Deposits from

    public/others. (Deposits ).

    Lending money to public (Loans). Transferring money from one place to another (Remittances). Acting as trustees.

    Keeping valuables in safe custody.


    Government business.

    TYPES OF BANKS
    Public sector Banks
    Private sector Banks Co-operative Banks

    Development Bank/Financial institutions

    Public sector Banks


    Some Public Sector Banks in India:
    Central Bank of India Corporation Bank Dena Bank Bank of India Indian Overseas Bank

    Bank of Commerce
    Punjab & Sind Bank

    Private sectors Banks


    New generation private banks
    ICICI Bank IDBI Bank Axis bank

    Foreign banks operating in India


    HSBC BANKHSBC BANK

    CITI BANKCITI BANK


    ABN-AMRO BANK STANDARD CHARTED BANK

    CO-OPERATIVE BANKS
    The co-operative banks in India started functioning almost 100 years ago. The cooperative banks is an important constituent of the Indian Financial system. They are setup to provide easy loans to farmers or other persons to setup his business. They are non profitable banks. Co-operative banks in India finance rural areas under : Farming Cattle

    Milk
    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

    WHO CONTROLS OVER BANKS?


    The Reserve Bank of India (RBI)
    History:Become operational on April 1,1935 Nationalized in the Year 1949. Major objectives:Regulate the issue of bank note. Maintain reserves with a view to securing monetary stability. To operate the credit and currency system of the country to its advantage.

    THANK YOU

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