HELLO FRIENDS,
Again i have come with some new ,dosto,,ap log..masti ..pe lage rahto ho..achi bat he...dimag ke liye bahut hi acha..he..maf karna..me jab vi dosto ki bich ,pe masti ka bat ata he..toh..mujhe guilty feel hota he,,ki mera vakt barbad ho raha he,,,so..juST today made huge findings on net,,not so huge..but little huge..and came up with following points.actually i am not writing here for ur betterment,i am really practicing what i have already studied..so ENJOY MOMENTS WITH MY FINDINGS......AND SAY ME HOW IS IT?????
ok lets saart our topic...
INDIAN BANKING SYSTEM has history.but now its necessary ,but for us its better to know,what is prsent situation.so lets me explain.it a simple way.......
indian banking system see how it has been categorized .....
MINISTRY OF FINANCE
first is minstry of finance on the top,means its the ultimate finance department controlling body in indis.NOW minister of finance is P.CHIDAMBARAM…he is a lawyer in profession
and mba graduate also.IT HAS 5 departments.it controls RBI and appoint
directors nd board of governers.
RESERVE BANK OF INDIA (RBI)
then under ministry of finance,the controlling body ,which comes is RBI .RBI is reserve bank of india, was established in april 1,in 1935.on
the basis of Hilton-young commission recommendation.this commission gave its
report from 1926,but till 9 yrs this has not yet been setup.till it had private
shre holders,but later it was NATIONALIZED JANUARY 1 1949.
Function of RBI
·
issues note –rbi has
sole right to issue note and distribute coins and note as agent of government.
·
Bankers bank- gives
loan to banks and keep deposits of bank’s account in RBI.
·
Make policy- it makes monetary
policy,to which all scheduled banks has to obey.
THEN it has divided to two types,called scheduled and non-scheduled type..then whts it means????
Scheduled and non-scheduled bank
All
banks which are included in the Second Schedule to the Reserve Bank of India
Act, 1934 are scheduled banks. A scheduled bank is a bank that
is listed under the second schedule of the RBI Act, 1934. In order to be included
under this schedule of the RBI Act, banks have to fulfill certain conditions
such as having a paid up capital and reserves of at least 0.5 million and
satisfying the Reserve Bank that its affairs are not being conducted in a
manner prejudicial to the interests of its depositors.
the banks which not included
under this act,called non-schudeuled bank.
COMMERCIAL
BANKS
Commercial banks are the
financial entity,that provides financial service to public and company.services
means deposits,lendings etc…COMMercial banks include.
· Public sector
banks.
Public sector
bank are banks whose majority of stakes
hold by central government. i.e. (atlst 50% share).during 1969 major NATIONALISATION process started and 14
banks were nationalised during INDIRA GANDHI time..and later in 1980 again
indira rule ,other banks were nationalised.so total bank nationalised is 19. nationalisation
makes private limited to public limited..and contrlolled by central government.
Ex-sbi,iob,bob,pnb,ub,etc…..
·
Private sector
banks.
·
These are banks majority of share capital of the bank is held by
private individuals. These banks are registered as companies with limited
liability.
·
Examples of private sector banks
are: ICICI Bank, Axis bank, HDFC, etc.
·
Foreign banks.
These banks are registered and have their headquarters
in a foreign country but operate their branches in our country.
Examples of foreign banks in India
are: HSBC, Citibank, Standard Chartered Bank, etc.
·
Regional rural
banks.
Regional
Rural Banks.,the Regional Rural Banks in India
(RRBs) were established in October 2, 1975, these banks played a important role
in the economic development of the rural India. The main goal of regional rural banks in India was to provide credit to the rural people who are
not economically strong enough, especially the small and marginal farmers, agricultural labours, and even small entrepreneurs.
COPERATIVE BANKS
Cooperative
banks are financial entity,where its customers are its owners.this formed under
a a mutual basis, or in a cooperative way.
These are
no-profit-no-loss financial organisations.in above we v classified to 2 forms
1,urban
t he term Urban Co-operative Banks (UCBs), refers to primary cooperative banks located in urban and
semi-urban areas. These banks, till 1996, were allowed to lend money only for
non-agricultural purposes. but today, These banks
were traditionally centred around communities, localities work place groups.
They essentially lent to small borrowers and businesses. Today, their scope of
operations has widened considerably.
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