PPT FOR GIVEN TOPIC

INTRODUCTION

A bank is a financial institution which accepts

deposits, pays interest on pre-defined rates, clears checks,
makes loans, and often acts as an intermediary in financial
transactions. It also provides other financial services to its
customers.
TYPES OF BANKS

The process of modern banking in India began in

the late 18th century. The oldest profit-oriented bank
is the ‘Bank of Calcutta’ started in 1806 and is
presently known as the ‘State Bank of India’.
Currently, there are 34 banks in India, out of which
12 are public sector banks and 22 are private sector
banks.
CENTRAL BANK

A chief bank that keeps a check on and

synchronizes with all the other banks in a particular
country is known as the Central Bank of the country. In
India, the post of the Central Bank is that of the ‘Reserve
Bank of India’ (RBI). The RBI is responsible for regulating
and guiding other banks in the country. It emanates the
currency of the country i.e the Indian Rupee. It executes
and carries out financial and monetary strategies.
COMMERCIAL BANKS

Such banks operate under the Banking

Companies Act of 1956. These are often run by
either the government or any private firm. The major
aim of such banks is to earn maximum profit through
their commercial policies. The deposit amount by its
users acts as a major resource of its reserve.
Concessional interest fares are only offered when
directed by the CBI. These are appropriate for
operation in both urban and rural areas.
REGIONAL RURAL BANKS

Operating under the Regional Rural Bank Act

of 1976, these banks started in 1975.These banks
aim at the development of rural and agricultural
areas with the help of concessional loan offerings.
The establishment of 196 has taken place in
between 1987 – 2005. The ownership of these
banks belongs 50% to the national government,
15% to the state government, and 35% to the
commercial bank.
LOCAL AREA BANKS

Operating under the Companies Act, 1956

these banks originated in the year 1996. These are
commercially driven banks with the aim of earning
profit. These are run by private firms. Currently, in
India, there are 4 Local Area Banks located in the
southern part of India.
CONCLUSION
A bank account is not only about saving money, it's
also about managing money. Opening an account is a
smart move - it means that you can access a service that
helps you control your money, and which may help you
borrow at some time in the future,