BANKING INTRODUCTION FIRST STEPTO MAKE GENERAL AWARENESS EASY
ABOUT ME PRASHANT KUMAR COMPLETED B.E FROM RCET IN ET&T SELECTED IN SYNDICATE BANKAND PNEB EX FACULTY OF MAHENDRA EDUCATION PVT LTD PRESENTLY WORKING IN PNB TEACHING IS MY PASSION FOLLOW ME ON UNACADEMY
BANKING IN INDIA Banking in India, in the modern sense, originated in the last decades of the 18th century. Among the first banks were the Bank of Hindustan, which was established in 177o and liquidated in 1829-32, and the General Bank of India, established in 1786 but failed in 1791.After this, in three presidency states three presidency bank were set with name BANK OF CULCUTTA(1806),BANK OF BOMBAY(1840), BANK OF MADRAS(1843). Subsequently, a number of commercial banks came up in the country. With the increasing in number of banks in country, the facilities provided by bank also increasing day by day. BANKING-MEANING OF BANKING AND BANK Banking can be defined as business activity of accepting and safeguarding the money owned by individual and entities and then lending out that money in Oder to earn profit. However, Banking services widen these day such as issuance of debit card, credit card, lockerfacilities, ATM services, online transfer of money across country as well as the world, payment of bill etc.
According to Indiancompaniesact, A companywhich transacts the business of banking which means accepting of Deposits from publicrepayable on demand by cheque, draft, and withdrawal slip and also provide other banking services. This type of company is called BANK. BANKING HISTORY First bank of India of India- BANK OF HINDUSTAN (1770) (CULCUTTA) First joint stock and oldest bank of India-ALLAHABAD (1865) First complete Indian bank-PUNAB NATIONAL BANK (1894, LAHORE) V The British east India Company established 3 presidency towns where they established 3 presidency bank as follows 1. Bank of Calcutta (1806) 2. Bank of Bombay (1840) 3. Bank of Madras (1843) "IMPERIAL BANK OF INDIA', in 1921 While in 1955 "IMPERIAL BANK OFINDIA" got nationalized and renamed as STATE BANK OFINDIA all three merged to became
WHAT IS NATIONALISATION? Nationalization" is defined as "government taking control over assets and over a corporation or company, usually by acquiring the majority or the whole stake in the corporation or company" Nationalized organization means an organization that work for every person of a country in a same aspect i.e. without differentiating on a basis of income, caste, religion, color, state etc. OBECTIVE OF NATIONALIZATIONIN A BANK To eliminate concentration of economic power in few hands. To diversify the flow of bank credit toward priority sector consisting of agriculture and allied activities, small scale industries and small businesses. To extend the banking facilities to unbanked rural areas.
V1st phase of Nationalizationwas held on 19 july,1969 with the 14 largest commercial banks whose paid up capital was more than Rs 50 crore.These are 1. Central Bank of India 2. Bank of Maharashtra 3. Dena Bank 4. Punjab National Bank 5. Syndicate Bank 6. Canara Bank 7. Indian Bank 8. Indian Overseas Bank 9. Bank of Baroda 10. Union Bank 11. Allahabad Bank 12. United Bank of India 13. UCO Bank 14. Bank of India While 2nd phase of nationalization was held on 15 April,198o with the 6 banks whose paid up capital was more than Rs. 200 crores. They are :- 1)Andhra Bank 2) Corporation Bank 3) New Bank of India 4) Oriental bank of Commerce 5) Punjab and Sindh Bank 6) Vijaya Bank VOn 4 September 1993, Government merged "NEW BANK OF INDIA" with "PUNAB NATIONAL BANK". Since total nationalized bank reduced to 19 from 2o after merger of "NEW BANK OF INDIA".
Mainly Banksare divided into:- (A) COMMERCIAL BANK (B) CO-OPRATIVE BANK COMMERCIAL BANK is bank whose focus is on profit making. Further commercial bank is divided into two types 1.Scheduled commercial bank- Banks which have been included in 2nd schedule of RBI ACT 1934. e.g. SBI, NATIONALISATION BANK FOREIGN BANK,PRVATE BANK 2.Non-Scheduled commercial bank-these are those bank which are not included in list of scheduled bank e.g. Patwari, moneylenders etc. CO-OPREATIVE BANK is bank whose focus is on COOPREATION Further Co-operative bank is divided into 1.URBAN COOPERATIVE BANK 2.RURAL COOPERATIVE BANK
RURAL COOPERATVE BANK IS DIVIDED INTO 1.STATE COOPERATIVE BANK-WORK AT STATE LEVEL 2. CENTRAL COOPERATIVE BANK- WORKAT DISTRICT LEVEL 3.PRIMARY CREDIT SOCITIES-WORK AT VILLAGELEVEL Q. What is bank? Q. Name the 1st complete Indian Bank. Q SBI was nationalized in which year? Q. Paid up capital of Bank nationalized on 15th April 1980- Q. In which actthere is discussion about Schedule Commercial Bank? Q. Primary Credit Societies work on which level?
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Completed B.E from RCET in ET&T Slected in SYNDICATE and PNB bank Ex faculty of MAHENDRA EDUCATION PVT LTD Presently working in PNB bank