joseph taradyna project about banking
TRANSCRIPT
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BANKING
“BANKING IS WHAT A BANK DOES”
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DEFINITION OF BANKING
Banking Regulation Act 1949 defines banking as, “ACCEPTING FOR THE
PURPOSE OF LENDING AND INVESTMENT, OF DEPOSITS OF MONEY FROM THE
PUBLIC, REPAYABLE ON DEMAND, ORDER OR OTHERWISE AND WITHDRAWABLE BY CHEQUE,DRAFT,ORDER OR OTHERWISE”.
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BANK IS PART OF FINANCIAL SYSTEM
Financial system is one which supplies the necessary financial inputs for the production of goods and services. Economic development of any country depends upon the existence of well organized financial system.
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Financial system
Financial markets
Financial intermediaries
Financial assets
Financial instruments
BANKS
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BANKING SYSTEMThere has been a rapid development in the banking institutions in various countries. With development, various systems of banking have come into
existence. Banks can be classified on the basis of volume of operator,
business pattern & areas of operations.
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COMMON BANKINGSYSTEM BRANCH BANKING UNIT BANKINGCORRESPONDANCE BANKNGDEPOSIT BANKINGINVESTMENT BANKNGMIXED BANKINGUNIVERSAL BANKNG
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CLASSIFICATION OF BANKING
Banking institutions are indispensable part in a modern developing society.On the basis of functions performed banks can be classified as follows.
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BANKING STRUCTURE UNORGANIS
ED
INDIGENIOUS
BANKS
MONEY LENDERS
TRADERS
ORGANISED
COMMERCIAL BANKS
COPOERATIVE BANKSREGIONAL
RURAL BANKSALL INDIA FINANCIAL
INSTITUTIONFOREIGN
BANKSINDUSTRIAL
DEVELOPMENT BANKS
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INDIAN BANKING UNIVERSE
INDIAN BANKING UNIVERSE
PUBLIC SECTOR BANKS
26
FOREIGN BANKS
41
PRIVATE BANKS
20
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FUNCTIONS OF COMMERCIAL BANK
PRIMARYFUNCTION
SECONDARY
FUNCTION
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ACCEPTANCE OF DEPOSITS
ADVANCING OF LOANS & CREDIT
CREATION
INVESTMENT FUNCTION
DEAING IN FOREIGN
EX-CHANGE
PRIMARY FUNCTIO
N
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AGENCYSERVICES GENERAL
UTILITY SERVICES
SECONDARY FUNCTIONS
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C
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RESERVE BANK OF INDIARBI was established in 1st April 1935.Present governor is Duvvuri Subbarao.There are 22 regional offices and most of them in share capital.
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CENTRAL BANK OF INDIA
It was started as shareholders bank with a paid up capital of 5crores.It was privately owned. In 1949, RBI was fully owned by government.
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FIRST GOVERNOR
Sir OSBORNE A. SMITH. [April 1st 1935 to June 30,1937]
(AUSTRALIA).
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FIRST INDIAN GOVERNOR
Sir CHINTAMAN D. DESHMUKA
(August11,1943 to June30,1949).
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LIST OF GOVERNOR IN RBI
HE IS MR.YAGA VENUGOPAL REDDY.HE WAS ELECTED AS GOVERNOR FROM PERIOD (6TH SEPTEMBER 2003 TO 5TH SEPTEMBER 2008).
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PRESENT GOVERNOR OF RBI
MR.DUVVURI SUBBARAO WAS THE 22ND & CURRENT GOVERNOR OF RBI.HE ELECTED FOR PERIOD OF (5TH SEPTEMBER 2008 TO 4TH SEPTEMBER 2013).
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FUNTIONS OF RBI
To regulate the issue of bank notes and keep reserves , with a view to secure monetary stability in India.Generally to operate the currency and credit system of the country.
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ORGANISATIONCENTRAL BOARD---MUMBAI.LOCAL BOARD----MUMBAI, DELHI, CHENNAI, KOLKATA.
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FUNCTION OF CENTRAL BOARD & LOCAL BOARD
FUNCTION OF CENTRAL BOARD: General superintendence and direction of the bank’s affairs. FUNCTIONS OF LOCAL BOARD: Advise to the Central Board and economic interest of local co-operative indigenous bank.
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FUNCTIONS OF RBI
TRADITIONAL FUNCTIONPROMOTIONAL FUNCTIONSUPERVISORY FUNCTION
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TRADITIONAL FUNCTION
Monopoly of currency notes issue.Banker to government (both central &state)Agent & Advisor to GovernmentBanker to Banker’sAct as clearing house of countryLender of last resortController of creditCustodian of foreign exchange reserves.
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PROMOTIONAL FUNCTIONPromotion of banking habit and expansion of banking system Provider refinance for expert promotionExpansion of facilities for provision of the agricultural credit through NABARDExtension of n facilities for SBIHelping Co-Operative sectorPrescribe minimum statutory requirement.Innovating new banking business transactions.
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SUPERVISIORY FUNCTION
Granting license to banksInspects and makes enquiry in various section of RBI and banking regulations.Implement deposit insurance schemePeriodical review of work of the commercial bankGiving directives to commercial bankControl non banking finance corporationEnsuring health of financial corporation system through on site & offsite verification.
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STATE BANK OF INDIA ACTS AS AGENT OF RESERVE BANK OF INDIA.
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EVOLUTION OF SBI
EVOLUTION OF SBI CAN BE TRACED BACK TO THE FIRST DECADE ON 19TH CENTURY.IT BEGAN WITH ESTABLISHMENT OF THE BANK OF CALCUTTA ON 2ND JUNE 1806.ON 2ND JANUARY 1809 RENAMED AS THE BANK OF BANGAL.
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FIRST JOIINT STOCK BANK IN BRITISH INDIA ESABLISHED UNDER THE SPONSORSHIP OF GOVERNMENT OF BENGAL.FOLLOWED BY BANK OF BENGAL: BANK OF BOMBAY-15TH APRIL1840 BANK OF MADRAS-1ST JULY 1843THESE THREE DOMNIATED MODERN BANKING SCENARIO IN INDIA.
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THREE BANKS WERE AMALGAMATED TO FORM THE IMPERIAL BANK OF INDIA ON 27TH JANUARY 1921.TO SERVE THE ECONOMY IN ACCORDANCE WITH FIVE YEAR PLAN (1951), THE ALL INDIA RURAL CREDIT SURVEY COMMITTEE PROPOSED THE TALE OVER OF THE IMPERIAL BANK OF INDIA.
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AN ACT WAS PASSED IN PARLIMENT OF INDIA IN MAY 1955 . AS A RESULT THE STATE BANK OF INDIA WAS ESTABLISHED ON 1ST JULY 1955.
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ON 1959 SBI [SUBSIDARY BANKS] ACT WAS PASSED . IT ENABLED THE SBI TO MAKE EIGHT STATE ASSOCIATED BANKS AS ITS SUBSIDIARIES.
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SUBSIDIARIES OFSBI:
STATE BANK OF BIKANER & JAIPURSTATE BANK OF HYDRABADSTATE BANK OF MYSORESTATE BANK OF PATIALASTATE BANK OF TRAVANGORE
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PRODUCTS & SERVICES OF SBI
E-TICKETINGSBI E-TAXEZTRADE @ SBIRTGS/NEFTE-PAYMENTSFUND TRANSFERTHIRD PARTY TRANSFERDEMAND DRAFT
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CHEQUE BOOK REQUESTACCOUNT OPENING REQUESTACCOUNT STATEMENTTRANSACTION ENQUIRYDEMAT ACCOUNT DONATIONSTATE BANK VIRTUAL CARDGREEN CHANNEL COUNTERKIOSK BANKING SYSTEM
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RISE OF E-MONEY
CHEQUES
2009-10
2011-12
ELECTRONIC PAYMENTS
2009-10
2011-1265%
52%
35%
48%
RECENT TRENDS
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RECENT TRENDS IN COMMERCIAL BANKING
BANKING SECTOR IS THE HEART OF ECONOMY.IN 1969, 14 BANKS WERE NATIONALISED AND FOLLOWED BY 6 BANKS IN 1980.BANKING SECTOR WERE FULLY COMPUTERISED IN 1985.SOME OF THE RECENT TRENDS ::
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NET BNKING
It is also known as Internet banking or Online Banking. It is the process of conducting Banking transactions over the internet.
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MOBILE BANKING
It is also known as M-Banking. The customer can operate his account over the mobile phone.
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PHONE BANKING The customer can obtain information about his account quickly, but however deposit and withdrawal cannot be made over the phone. Otherwise the information about his account can obtain.
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REAL TIME GROSS SETTLEMENT
It is the system of funds transfer from one to another. The transactions are settled one to one without bunching with any other transactions .Once processed the payments are final and irrevocable. . Minimum amount of remittance is Rs.2 lakhs and no upper ceiling is there.
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NATIONAL ELECTRONICFUNDS TRANSFER
It is a system of funds transfer. Its simple, secure, safe, fastest and cost effective pay to transfer of funds. To use this facility they furnish INDIAN FINANCIAL SYSTEM CODE[IFSC], of the beneficiary and also branch name, full account number of the beneficiary. It is chargeable.
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MONEYGRAM MoneyGram is a new internet based remittance product. It is cashless money transfer. These facilities available to NRIs to remit money to India.
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XPRESS MONEY
X-Press money offered in arrangement with M/s UAE exchange financial service limited for remitting money to India. Money can be remitted from 180 countries across the globe.
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MINISTRY OF COMPANY AFFAIRS
This facilities is provided by some banks only. MCA Payments can be done via credit card, internet banking and physical challan currently.
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KIOSK BANKING
It performs basic banking activities.
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GREEN CHANNEL COUNTER
STATE BANK OF INDIA introduced this services on 1st July 2010 at 57 pilot branches across country.Through this one can do all works in bank without using challen.
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CHEQUE TRUNCATION SYSTEM
It is a image based clearing system. It is issued u/s 18 of the payment & settlement system act 2007.
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THANKS FOR WATCHING…
by
3 RD B.COM STUDENTS STAFF ADVISOR DR.S.KOTHAI.