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BANKING IN INDIA
Presented on 30/11/2012 Presented By, Siju
Titto
Visakh
Uwais
OBJECTIVESTo understand the meaning of banks and
banking
To know what are the types of banking
To know functions and roles of banking and
also the types of accounts
CONTENT1. Banks and Banking
2. History
3. Types of Banking
4. Role of Banking
5. Functions of Banks
6. Types of Accounts
BANKS
• A financial institution
• Set up for lending , issuing, exchanging , taking deposits,
safeguarding, or handling money
• 26 Nationalized banks in India
BANKING
• Business activity
• Accepting and lending money
• To earn profit
History of banks..
Banking in India originated in the year 1770
The State Bank of India started in the year 1955.
The period between 1906 and 1911, saw the
establishment of banks inspired by the Swadeshi
movement.
Cont…The Reserve bank of India was established in
the year 1935, but was nationalized on 1
January 1949 under the Reserve bank of India
Act 1948.
The Banking Regulation Act was enacted in
1949 and empowered the RBI “to regulate,
control, and inspect the banks in India".
TYPES OF BANKINGE-Banking (Electronic banking ) - ATM, Credit cards, Debit cards Net Banking - Use of computer and internet - Customers can access their accounts
through bank web sites Mobile banking - Mobile Phones are used
Cont…Retail banking Transactions are executed directly with
customersCore banking Stands for "centralized online real-time
environment“
Role of BankingEncourages the saving habit among the people.
Acts as an intermediary
Facilitates business transactions through receipts
and payments by cheques instead of currency.
Provides loans and advances to businessmen for
short term and long-term purposes.
Also facilitates import export transactions.
Cont…It helps in national development by providing
credit to farmers, small-scale industries and
self-employed people as well as to large
business houses which lead to balanced
economic development in the country.
Helps in raising the standard of living of
people in general by providing loans for
purchase of consumer durable goods, houses,
automobiles, etc.
FUNCTIONS OF BANK
Types of Accounts Saving Accounts
- Encourage saving habit among the public
- Low interest
- 5% at present
Fixed Accounts
- Deposited for a specific period of time
- High interest rate
- Withdrawals not allowed
Cont…Current Accounts
-It is for businessmen
-Easy withdrawals
-No interest
Recurring Deposit
-Operated by salary person and petty traders
- Withdrawals are permitted only after the expiry of
certain period.
- High interest rate
THANK YOU
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