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BANKA bank is a financial organization licensed by a government Its primary activities include providing financial services to customers while enriching its investors.

BANKINGThe banking regulation act,1949,Section(b) defines banking “as accepting for the purpose of lending and investing of deposits of money from public , repayable, on demand or otherwise withdraw able by cheque , draft , order or otherwise.

BASIC DEFINITIONS

HISTORY OF BANKING IN INDIA

The history of banking in INDIA can be divided into three phases and can be explained as follows:

PHASE 1

The General Bank of India was set up in the year 1786. Next came Bank of Hindustan and Bengal Bank. The East India Company established Bank of Bengal (1809), Bank of Bombay (1840) and Bank of Madras (1843) as independent units and called it Presidency Banks. During the first phase the growth was very slow and banks also experienced periodic failures between 1913 and 1948. There were approximately 1100 banks, mostly small. To streamline the functioning and activities of commercial banks, the Government of India came up with The Banking Regulation Act 1949.

PHASE 2Government took major steps in this Indian Banking Sector Reform

after independence. In 1955, it nationalized Imperial Bank of India. It formed State Bank of India to act as the principal agent of RBI and to handle banking transactions of the Union and State Governments all over the country.

Second phase of nationalization Indian Banking Sector Reform was carried out in 1980 with seven more banks. This step brought 80% of the banking segment in India under Government ownership.

The following are the steps taken by the Government of India to Regulate Banking Institutions in the Country:

1955: Nationalization of State Bank of India.

1959: Nationalization of SBI subsidiaries.

1961: Insurance cover extended to deposits.

1969: Nationalization of 14 major banks.

1971: Creation of credit guarantee corporation.

1975: Creation of regional rural banks.

1980: Nationalization of seven banks with deposits over 200 crore.

After the nationalization of banks, the branches of the public sector bank India rose to approximately 800% in deposits and advances took a huge jump by 11,000%.

PHASE 3

This phase has introduced many more products and facilities in the banking sector in its reforms measure.

In 1991, under the chairmanship of M Narasimham Rao, a committee was set up by his name which worked for the liberalization of banking practices.

The country is now flooded with foreign banks and their ATM stations. Efforts are being put to give a satisfactory service to customers. Phone banking and net banking is introduced. The entire system became more convenient and swift. Time is given more importance than money.

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BASIC FUNCTIONS OF A BANK

BASICSERVICES

LOANSCREDIT

ANDDEBIT CARDS

FUNDTRANSFERS

OVERDRAFTFACILITY

PAYMENTOF

BILLS

DISCOUNTINGOF

BILLS

ISSUANCEOF

CHEQUEBOOKS

ATM

LOCKERFACILITY

OTHER SERVICES

Private Banking.

Capital Market Banking.

Foreign Exchange Services.

Other financial services.

TYPES OF BANKS

BANKS

CENTRALBANK

COMMERCIAL

PRIVATEBANKS

PUBLICBANKS

FOREIGN BANKS

DEVELOPMENT BANKS SPECIALIZED

BANKSC0-OPERATIVE

BANKS

PRIMARYCREDIT

SOCIETIES

CENTRALCO-OPARATIVE

BANKS

STATECO-OPERATIVE

BANKS

Regional rural banks in india

Rural banking in India started since the establishment of banking sector in India. Rural Banks in those days mainly focused upon the agro sector. Regional rural banks in India penetrated every corner of the country and extended a helping hand in the growth process of the country.

SBI has 30 Regional Rural Banks in India known as RRBs. The total number of SBIs Regional Rural Banks in India branches is 2349 (16%). Till date in rural banking in India, there are 14,475 rural banks in the country of which 2126 (91%) are located in remote rural areas. 

Apart from SBI, there are many other banks which function for the development of the rural areas in India.

Unscheduled Banks in India

Scheduled Banks in India constitute those banks which have been included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934. RBI in turn includes only those banks in this schedule which satisfy the criteria laid down vide section 42 (6) (a) of the Act.

It is the central bank or the apex bank of our country.

The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.

The Central Offi ce of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Offi ce is where the Governor sits and where policies are formulated.

Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India.

The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as:

"...to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage." 

Has 22 regional offi ces, most of them in state capitals.

Evolution in Banking IndustryE-banking

Banking activity carried on through computers and other electronic means of communication is called ‘electronic banking’ or ‘e-banking.

Automated Teller Machine - By using this, customers can deposit or withdraw money from their own account any time. File a request for a cheque book and your account statement, also deposit cheques and cash, If you have several accounts linked to your ATM-cum-debit card, you can transfer funds between these accounts, Bill payment, most bank ATMs facilitate pre-paid mobile recharge too, Similarly, the bank’s customers can also make donations to temple trusts like Vaishno Devi, Shirdi Saibaba, Tirupati, etc

• Debit Card

The customers can use this card for purchasing goods and services at different places in lieu of cash. The amount paid

• Credit Card

credit cards are used to make payments for purchase, so that the individual does not have to carry cash. Banks allow certain credit period to the credit cardholder to make payment of the credit amount. Interest is charged if a cardholder is not able to pay back the credit extended to him within a stipulated period.

Experts pitch for Islamic banking in India

Leading scholars and experts from the Arab world pitched for interest-free Islamic banking introduction in India, home to the world's largest Muslim minority. 

 

• Net Banking

With the extensive use of computer and Internet, banks have now started transactions over Internet. The customer having an account in the bank can log into the bank’s website and access his bank account. He can make payments for bills, give instructions for money transfers, fixed deposits and collection of bill, etc.

• Phone Banking

In case of phone banking, a customer of the bank having an account can get information of his account, make banking transactions like, fixed deposits, money transfers, demand draft, collection and payment of bills, etc. by using telephone . In mobile phone a customer can receive and send messages (SMS) from and to the bank in addition to all the functions possible through phone banking.

7Specialized Banks

Specialized banks are foreign exchange banks, industrial banks, development banks, export-import banks catering to specific needs of these unique activities. These banks provide financial aid to industries, heavy turnkey projects and foreign trade.

Industrial Development Bank of India

According to the Reserve Bank of India, the Industrial Development Bank of India is categorized as "other public sector bank".

The main aim of the formation of the IDBI was to provide easy loans and financial support to the industrial sector in order to develop the industrial sector and also the Indian economy.

It is the fourth largest bank in terms of the ratings.

Services of IDBI

The Industrial Development Bank of India offers a number of customized and innovative banking services. The services are meant to offer cent percent satisfaction to the customers. Some of the well known services offered by the bank are:

Wholesale Banking services

Retail Banking Services

Treasury facilities and services

NABARD

National Bank Of Agriculture And Rural Development

NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts. It also has the mandate to support all other allied economic activities in rural areas, promote integrated and sustainable rural development and secure prosperity of rural areas.

Its role as a facilitator for rural prosperity NABARD

is entrusted with:

Providing refinance to lending institutions in rural areas

Bringing about or promoting institutional development

Evaluating, monitoring and inspecting the client banks

Besides this pivotal role, NABARD also:

Acts as a coordinator in the operations of rural credit institutions

Extends assistance to the government, the Reserve Bank of India and other organizations in matters relating to rural development

Offers training and research facilities for banks, cooperatives and organizations working in the field of rural development

Helps the state governments in reaching their targets of providing assistance to eligible institutions in agriculture and rural development

7EXIM BANKEXPORT- IMPORT BANK

It is the leading export finance institution in the country.

The bank was set up in the year 1982 under the Export-Import Bank of India Act 1981.

The Government of India launched the Export-Import Bank Of India with an aim to augment exports from India and also to combine the country's foreign trade and investment with the overall economic growth.

The primary objective of the Export-Import Bank of India is to provide financial assistance to importers and exporters and function as the top financial institution.

Services of the bank include:

Overseas investment finance.

Film finance,

Export credit.

Finance for export oriented units.

Agricultural & SME finance.

Small Industries Development Bank of

India

Small Industries Development Bank of India (SIDBI) was established in April 1990 under an Act of Indian Parliament as the principal financial institution for :

Promotion

Financing

Development of industry in the small scale sector

Co-ordinating the functions of other institutions engaged in similar activities

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A co-operative bank is a financial entity which belongs to its members, who are at the same time the owners and the customers of their bank.

Co-operative banks are often created by persons belonging to the same local or professional community or sharing a common interest. Co-operative banks differ from stockholder banks by their organization, their goals, their values and their governance.

Co operative Banks in India are registered under the Co-operative Societies Act. The cooperative bank is also regulated by the RBI. They are governed by the Banking Regulations Act 1949 and Banking Laws (Co-operative Societies) Act, 1965.

Cooperative banks in India finance rural areas under:

• Farming

• Cattle

• Milk

• Hatchery

• Personal finance

Cooperative banks in India finance URBAN areas under:

• Home finance

• Industries

• Self-employment

• Consumer finance

• Personal finance

• Small scale units

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The co-operative banking structure in India is divided into following

main 5 categories:

•Primary Agricultural Credit societies •Urban Co-op Banks •State Co-operative Banks •Central Co-operative Banks•Land Development Banks

Primary Credit Societies

These are formed at the village or town level with borrower and non-borrower members residing in one locality. The operations of each society are restricted to a small area so that the members know each other and are able to watch over the activities of all members to prevent frauds.

Urban co-operative banks

The first urban cooperative credit society was registered in Canjeevaram (Kanjivaram) in the erstwhile Madras province in October 1904. These banks, till 1996, were allowed to lend money only for non-agricultural purposes. This distinction does not hold today. They essentially lent to small borrowers and businesses. Today, their scope of operations has widened considerably.

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State Co-operative Banks

These are the apex(highest level)co-operative banks in all the states of the country. they mobilize funds and help in its proper channelization among various sectors. the money reaches the individual borrowers from the state co-operative banks through the central co-operative banks and primary credit societies.

Central Co-operative Banks

These banks operate at the district level having some of the primary credit societies belonging to the same district as their members. These banks provide loans to their members (i.e., primary credit societies) and function as a link between the primary credit societies and state co-operative banks. These are the principal co-operative societies in the districts, in a state, the primary object of which is financing other co-operatives, particularly the PACBs in the district. The DCCBs came in to existence after the passing of Co-operative Societies Act,1912.These institutions also undertake banking business.

These institutions act as Balancing Centers of Finance at the district level. They purvey the short term and medium term credit to the agriculturists. They also supervise the PACBs in the districts.

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Land Development Banks

The special banks providing Long Term Loans are called Land Development Banks (LDA). The history of LDB’s is quite old. The first LDB was started at Jhang in Punjab in 1920. But the real impetus to these banks was received after passing the Land Mortgage Banks Act in 1930’s (LDB’s were originally called Land Mortgage Banks). After passing this Act LDB’s were started in different states of India The main objective of the land development bank is to promote the development of agriculture and increase the agricultural production..

7PRESENT SCENARIO..

•The cooperative banks/credit institutions constitutes the second segment of Indian banking system, comprising of about 14% of the total banking sector asset (March 2007)

•Share of rural cooperatives in total institutional credit was 62% in 1992-93,34% in 2002-03 and 53% in 2006-07.

Commercial Banks

Commercial Banks are banking institutions

that accept deposits and grant loans and advances

to their customers.

Types of Commercial Banks

Public sector

Private sector

Foreign Bank

• Banks where majority stake is held by the Government of India or Reserve Bank of India

• State Bank of India, Corporation Bank, Bank of Baroda and Dena Bank, canara bank, Andhra Bank etc

• Banks-Majority of share capital of the bank is held by private individuals. These banks are registered as companies with limited liability.

• The J&K Bank Ltd, Bank of Rajasthan Ltd., Lord Krishna Bank Ltd., Bharat Overseas Bank Ltd. ICICI Bank, HDFC,Axis bank etc.• Banks-banks which are

registered and have their headquarters in a foreign country but operate their branches in our country

• ABN Amro, HSBC, Standered chartered, CitiBank, Barclays Bank, Deutche bank .

Top 5 Banks in India based on: Name Net Profit (in Rs.

Mn)

SBI 67291

ICICI 41577

Punjab & National Bank

20488

Bank Of India 20094

Citibank 18043

Name Total Income (in Rs. Mn)

SBI 576452

ICICI 395991

Canara Bank 164136

Punjab & National Bank

162626

Bank Of India 144721

SBI Overview Type- Public (BSE, NSE & LSE)

Founded- Kolkata, 1806 (as Bank of Calcutta), oldest commercial bank in india.

Headquarters- Corporate Centre,Madam Cama Road,Mumbai 400 021 India

Key people- Om Prakash Bhatt, Chairman

Products- Loans, Credit Cards, Savings Investment vehiclesSBI Life (Insurance) etc.

Revenue-US$ 24.577 billion (2008)

Net income

US$ 2.25 billion (2008)

Total assets

US$ 257.183 billion (as of 31st March 2008)

Employees- 205,896

Ranked as 363rd Fortune global 500 company

First Indian bank to enter the list of Top 50 banks of the world.

SBI History SBI is government owned and is the largest bank in

India in terms of profits, assets, deposits, branches, employees

Has 82 foreign offi ces in 32 countries across the globe.

7 Subsidiaries in India – SBI Capital Markets, SBICAP Securities, SBI DFHI, SBI Factors, SBI Life and SBI Cards - forming a formidable group in the Indian Banking scenario.

In recent years the bank has focused on three priorities, first, reducing its huge staff through Golden handshake schemes known as the Voluntary Retirement Scheme.

Second, computerizing its operations

Third, trying to change the attitude of its largely rude staff through a programme aptly named 'Parivartan' or 'change'.

State Bank of India has the following six Associate Banks (ABs) with controlling interest ranging from 75% to 100%.

1.      State Bank of Bikaner and Jaipur (SBBJ)

2.      State Bank of Hyderabad (SBH)

3.      State Bank of Indore (SBIr)

4.      State Bank of Mysore (SBM)

5.      State Bank of Patiala (SBP)

6.      State Bank of Travancore (SBT)

The six ABs have a combined network of 4502 branches in India which are fully computerized and 2410 ATMs networked with SBI ATMs, providing value added services to clientele.

ASSOCIATE BANKS

1.Personal banking

2. Agricultire/ Rural

3. NRI Services

4. Cross Selling

5.Corporate banking

6. Internationalbanking

• Term Deposit

• Savings a/c

• Current a/c

• Housing Loan

• Property Loan

• Car Loan• Educational

Loan• Personal

Loan• Loan

Against Shares/Debentures

• Loan For ESOPS

• Festival Loans

• Easy Travel Loan

•Loans for agricultural and allied activities like crop production, land purchase, tractor loans, financing power tillers, dairy units, godowns, cold storage, irrigation, horticulture etc.

•Micro Finance

•Deposit A/cs

•Loans for house, Car

•Remittance service

•Mutual funds

•credit cards

•Lifeinsurance

•Corporate a/c s

•loans

SERVICES OFFERED

SMELoans for various purposes.

Government Business

• CENTRALISED PENSION PROCESSING CENTER

• SBI e-TAX

• SBI e-Freight

• GOVERNMENT ACCOUNTS

Other Services

MOBILE BANKING DEMAT SERVICES ATM SERVICES GIFT CARDS SBI YUVA CARD INTERNET BANKING SAFE DEPOSIT LOCKER eZ -PAY CARD SBI VISHWA YATRA FOREIGN TRAVEL CARD e-INVEST BROKING SERVICES

Latest at SBI

Launched 'SBI Gift Cards'. It is convenient for the gifting person, since he will no longer be burdened with going to shops to select items and hoping that the recipient would like that,' As a special promotion offer, issue charges for gift cards are fully waived up to March 31,2010.

Issued for a minimum amount of Rs 500 and thereafter in multiples of Rs 100, subject to a maximum of Rs 20,000.

ICICI BankHistory and overview 1955: The Industrial Credit and Investment Corporation of

India Limited (ICICI) was incorporated at the initiative of World Bank, the Government of India and representatives of Indian industry, with the objective of creating a development financial institution for providing medium-term and long-term project financing to Indian businesses.

1994: ICICI established Banking Corporation as a banking subsidiary. formerly Industrial Credit and Investment Corporation of India. Later, ICICI Banking Corporation was renamed as 'ICICI Bank Limited'. ICICI founded a separate legal entity, ICICI Bank, to undertake normal banking operations - taking deposits, credit cards, car loans etc.

India's largest private sector bank by market capitalization and second largest overall in terms of assets.

Has a network of 1,636 branches and about 4,883 ATMs in India and wholly-owned subsidiaries, branches and representatives offi ces in 18 countries.

ICICI Bank -Listed at BSE & NSE

Headquarters –

ICICI Bank Ltd.,ICICI Bank Towers,Bandra Kurla, Mumbai, India

Key people- K.V. Kamath, ChairmanChanda Kochhar, Managing Director & CEOProducts Loans, Credit Cards, Savings, Investment vehicles, Insurance etc.

Total assets - USD 76 billion (at Sept 30, 2009.)

Products and Services1. Personal Banking Accounts and deposits- Savings Account, Life Plus

Senior Citizens Savings Account, Young Stars Savings Account, Fixed Deposits, Recurring Deposits & Easy Receive Savings Account etc.

Loans- Home Loans ,Loans Against Property | Personal Loans | Car | Two Wheeler | Commercial Vehicle | Loans Against Gold Ornaments | Construction Equipment

Cards- Credit, debit, commercial cards etc.

Investments- Bank bonds, GOI bonds, Mutual fund, IPO, pure gold etc.

2. NRI Services

Money Transfer-Direct Debit (ACH), Cheque Lock Box,Web Wire Transfer, Donate2India,Wells Fargo, Correspondent Banks, Foreign Currency Cheque.

Accounts-Fixed Accounts, Saving Accounts & Special Accounts

3.CORPORATE BANKING Cash Management Services Global Trade Services

Global Markets

Forex Desk

Derivatives Desk

Investment Banking Mergers and Acquisitions Advisory

FI, Capital Markets & Custodial Services Financial Institutions

Structured Finance Structured finance for

Corporate clients

Project Finance Government Banking

- Accredited Banker to the Ministry of Civil Aviation,

Approved banker to collect Direct Taxes as well as Indirect Taxes of the Central Government and State sales taxes/ VAT in the States of Delhi, Punjab, Andhra Pradesh and Gujarat.

4. Agri /Rural banking

Working capital loan. Long term loan, Loan against warehouse receipts

Micro credit and micro saving

RECRUITERS AT JIMS

BANKS PROFILE OFFERED

SELECTION CRITERIA

PROCEDURE SALARY OFFERED

SPECIALIZATION

Axis Bank Relationship Manager

Xth & XIIth passed, Graduation 55% & abv., PG in Mktg. & Finance with 55%, Yr. of passing 2009, no backlog, age b/w 22-26

PPT, GD, Interview

2.99-3.16 Lacs p.a CTC

Finance & Marketing

SBI Ltd. Management Trainee

Short listed acc. to the percentage

GD, Interview 6 Lacs p.a CTC

Marketing

Greenfield Online Pvt.

Ltd.

Management Trainee

NA 2 Written Test, GD & Interview

2.4 Lacs (approx.) CTC

Hermes Merchant Pvt.

Ltd.

MBA Interview 3.5 Lacs p.a CTC

All Streams

BANKS PROFILE OFFERED

SELECTION CRITERIA

PROCEDURE SALARY OFFERED

SPECIALIZATION

Deutsche Bank

Sales Officer - - 2.5 Lacs p.a

-

Barclays Bank Sales Executive

- - 2.6 Lacs p.a

Marketing, Finance, HR

Standard Chartered

Associate Relationship Manager Role

- - 2.5 Lacs cash p.a + PF + Mobile + conveyance + Incentives

Marketing & Finance

ICICI Sales Officer - Interview 2.5-3 lac Finance, Marketing

HDFC Pvt. Ltd.

Management Trainee, Retail Sales / Operations

60% In Grad. & PG, 55% in Grad. if from D.U or Calcutta

Written Test, GD & Interview

4.4 Lacs p.a, In hand- 3.5 Lacs + Rs. 1200 Annual phone reimbursement + loan

Finance & Marketing

Thank You

Presented By:

I shneet Sawhney

Gunjan Kharbanda

Rishab Bansal

Swat i Tyagi

Mohit Narula