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A Presentation ON: Amrutha Preetam Gautam Aggarwal Komal D Padmini Gowda Stalin Mohanty Vibish Parekh
A Presentation ON: Amrutha Preetam Gautam Aggarwal Komal D Padmini Gowda Stalin Mohanty Vibish Parekh
ON
BY GROUP 6
Amrutha Preetam
Gautam Aggarwal
Komal D
Padmini Gowda
Stalin Mohanty
Vibish Parekh
Introduction
Evolution
Functions
Services
Roles
Current scenario
Conclusion
A business organization which deals in
money; it borrows and lends money. In the
process of borrowing and lending of
money it makes profit.
1. Undertaking safe custody of valuables, important documents, and securities by providing safe
deposit vaults or lockers.
4. Transferring money from one place to another; and from one branch to another branch of the
bank.
5. Standing guarantee on behalf of its customers,
for making payments for purchase of goods,
machinery, vehicles etc.
Overdraft
Discounting of
bills
Acting as an investment advisor
Collection and payments of cheque, bills of
exchange, promissory notes etc.
Collection of dividends, interest and rent
etc.
Purchase and sale of shares and securities
Payment of rent, interest, insurance
premiums, subscriptions etc.
Acting as trustee, executor, administrator
Acting as a custodian.
Acting as agents for other banks at home
and abroad
Banker’s Drafts and Letters of Credit
Circular Notes, Traveler’s Cheque.
Safe custody of valuables
Night safes
Referee as to the Respectability and Financial
Status of Customer
Credit cards
Debit and ATM cards
Electronic Funds Transfer (EFT) Service
Online banking
Mobile banking
Information and other Services
Need for a sound banking system
Capital formation – rate of saving is low in underdeveloped economy due to poverty. – potential
cant be realize due to poor commercial bank facility – to make money available for entrepreneur
sound banking system is rtequired.
Finance for priority sector
Innovation – innovation can be done through bank credit by entrepreneur.
Monetization – underdeveloped economy monetization due to large non monetized sector.
Micro finance
Provision for long term finance
Cheap money policy to stimulate economic activity
Network Expansion
Growth of deposits and credits
Foreign Businesses of Indian Banks
Rural banking
Technological Infrastructure
Increased Funding to SME’s
Banks are back bone for the economic
development of any country. A planned
banking system is indispensable for economic
growth and development of the country.