Banking Awareness- Basics of Banking
IBPS-PO
1. It is an intermediary between the surplus money holders and funds needed people, farmers, and businessmen.
2. It also financially facilitate by providing import-export transactions and by balancing economic development in the country.
Central Bank (RBI)
To regulate the banking system and to maintain the balance between government revenue and expenditure of a country, there is a central Bank in a country. In India, the RBI (Reserve Bank of India) is the central bank that formulates the guidelines for the other banks.
Commercial Banks
For accepting deposits and grant loans and advances to the customers
Types of Commercial Bank
1. Public Sector Bank- State Bank of India, Bank of Baroda, Corporation Bank, Dena Bank
2. Private Sector Bank-Axis Bank, ICICI Bank, HDFC Bank
3. Foreign Bank- HongKong and Shanghai Banking Co-operation Bank (HSBC), American Express Bank, Standard and Charted Bank, Citibank
Development Bank
The Financial assistance to businesses for equipment for using latest technology is provided by development banks.
They also facilitate by subscribing to the shares and debentures issued by companies, in the case under subscription of the issue by the public, Industrial Financial Corporation of India (IFCI) and State Financial Corporation of India (SFCs).
Co-operative Banks
When a co-operative Society (People who come together to jointly serve their common interest) involved in banking business then it is known as Cooperative Bank.
Types
State Co-operative Bank – The highest level banks in all the states of the country. The money reaches the individual through the central co-operative society and the primary credit societies.
Central Co-operative Banks – These banks operate at the district level. These act as an intermediary between the State co-operative banks and primary credit societies.
Primary Credit Societies- These societies are at the village or town level. The operations are restricted to the small town areas.
Specialized Bank
EXIM BANK: (Export-Import Bank of India)
1982
Help in Export/Import Business
SIDBI (Small Industries Development Bank of India)
1990
To establish a small scale business unit and industry and to facilitate the modernization of small-scale industry and market activity
INDIAN BANKING SYSTEM
MINISTERY OF FINANCE
RBI
COMMERCIAL BANK
· (SBI, IDBI, NATIONALIZED BANKS, RRB, PRIVATE BANKS – INDIAN BANK, FOREIGN BANK)
CO-OPERATIVE BANK
· STATE CO-OPERATIVE SOCIETY, CENTRAL CO-OPERATIVE SOCIETY , PRIMARY CREDIT SOCIETIES
DEVELOPMENT BANKS
· EXIM, SIDBI, NABARD, BMB
SBI History
1881- OUDH Commercial Bank
1894- PNB
1913-17 -BANK CRISIS
1949- BANK REGULATION ACT
1955-IMPERIAL BANK (NATIONALIZED SBI)
1959 – 8 Associate Banks (SBI)
1963- SB of BIKANER + SB of JAIPUR
2008- SB of Saurashtra + SB of Indore
RRB (1975)
Initially 5 RRB
1. MORADABAD(U.P)
2. GORAKHPUR (U.P)
3. BHIWANI (HARYANA)
4. JAIPUR (RAJASTHAN)
5. MALDA (WEST BENGAL)
PRATHMA (Ist RRB of India- established 1975 Moradabad (U.P) sponsored by Syndicate Bank)
NABARD: National Bank for Agriculture and Rural Development
(Credit Functions, Development and Promotional Function, Role in Training, Supervisory Functions)
· B. SHIVRAMAN COMMITTEE
· 12-July -1982
· Mumbai
· HEAD- H. K. Bhanwala
Central Bank (RBI)
To regulate the banking system and to maintain the balance between government revenue and expenditure of a country, there is a central Bank in a country. In India, the RBI (Reserve Bank of India) is the central bank that formulates the guidelines for the other banks.
Commercial Banks
For accepting deposits and grant loans and advances to the customers
Types of Commercial Bank
1. Public Sector Bank- State Bank of India, Bank of Baroda, Corporation Bank, Dena Bank
2. Private Sector Bank-Axis Bank, ICICI Bank, HDFC Bank
3. Foreign Bank- HongKong and Shanghai Banking Co-operation Bank (HSBC), American Express Bank, Standard and Charted Bank, Citibank
Development Bank
The Financial assistance to businesses for equipment for using latest technology is provided by development banks.
They also facilitate by subscribing to the shares and debentures issued by companies, in the case under subscription of the issue by the public, Industrial Financial Corporation of India (IFCI) and State Financial Corporation of India (SFCs).
Co-operative Banks
When a co-operative Society (People who come together to jointly serve their common interest) involved in banking business then it is known as Cooperative Bank.
Types
State Co-operative Bank – The highest level banks in all the states of the country. The money reaches the individual through the central co-operative society and the primary credit societies.
Central Co-operative Banks – These banks operate at the district level. These act as an intermediary between the State co-operative banks and primary credit societies.
Primary Credit Societies- These societies are at the village or town level. The operations are restricted to the small town areas.
Specialized Bank
EXIM BANK: (Export-Import Bank of India)
1982
Help in Export/Import Business
SIDBI (Small Industries Development Bank of India)
1990
To establish a small scale business unit and industry and to facilitate the modernization of small-scale industry and market activity
INDIAN BANKING SYSTEM
MINISTERY OF FINANCE
RBI
COMMERCIAL BANK
· (SBI, IDBI, NATIONALIZED BANKS, RRB, PRIVATE BANKS – INDIAN BANK, FOREIGN BANK)
CO-OPERATIVE BANK
· STATE CO-OPERATIVE SOCIETY, CENTRAL CO-OPERATIVE SOCIETY , PRIMARY CREDIT SOCIETIES
DEVELOPMENT BANKS
· EXIM, SIDBI, NABARD, BMB
SBI History
1881- OUDH Commercial Bank
1894- PNB
1913-17 -BANK CRISIS
1949- BANK REGULATION ACT
1955-IMPERIAL BANK (NATIONALIZED SBI)
1959 – 8 Associate Banks (SBI)
1963- SB of BIKANER + SB of JAIPUR
2008- SB of Saurashtra + SB of Indore
RRB (1975)
Initially 5 RRB
1. MORADABAD(U.P)
2. GORAKHPUR (U.P)
3. BHIWANI (HARYANA)
4. JAIPUR (RAJASTHAN)
5. MALDA (WEST BENGAL)
PRATHMA (Ist RRB of India- established 1975 Moradabad (U.P) sponsored by Syndicate Bank)
NABARD: National Bank for Agriculture and Rural Development
(Credit Functions, Development and Promotional Function, Role in Training, Supervisory Functions)
· B. SHIVRAMAN COMMITTEE
· 12-July -1982
· Mumbai
· HEAD- H. K. Bhanwala
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