logging in or signing up public V/S private banks ankitmohania Download Post to : URL : Related Presentations : Let's Connect Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Copy embed code: Embed: Flash iPad Dynamic Copy Does not support media & animations Automatically changes to Flash or non-Flash embed WordPress Embed Customize Embed URL: Copy Thumbnail: Copy The presentation is successfully added In Your Favorites. Views: 1985 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: September 22, 2011 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Banking & Insurance: Banking & Insurance Public and Private BanksBanking Institution: Banking Institution The banking sector is the lifeline of any modern economy It is one of the important financial pillars of the financial system Research confirms that countries with a well-developed banking system grow faster than those than a weaker one The banking system reflects the economic health of the countrySlide 3: Section 5(1) b of the Banking Regulation Act defines banking as ‘the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise and withdraweable by cheque, draft, order or otherwise.PUBLIC SECTOR BANKS: PUBLIC SECTOR BANKS Public sector banks are banks in which the government has a major holding Not less than 51% of the paid-up share capital will be held by the Central Govt. All nationalised banks are PSB’s. These can be classified into two groups: (I) the State Bank of India and its associates and (ii) nationalised banksNATIONALISED BANKS: NATIONALISED BANKS In 1969, fourteen big Indian joint stock banks in the private sector was nationalised The nationalisation was effected by an ordinance which was later replaced by an act of parliament, known as the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 Six commercial banks in the private sector with deposits over Rs 200 crore were nationalised on 15 Auust 1980-Contd….: Contd…. The main objectives of nationalisation were to widen the branch network of banks particularly in the rural and semi-urban areas which in turn would help in grater mobilization of savings and flow of credit to neglected sectors such as agriculture, and small-scale industries The nationalised banks are a dominant segment in commercial banking The bulk of the banking business in the country is in the public sectorList of Nationalised Banks: List of Nationalised BanksSBI: SBI The State Bank of India was initially known as the Imperial Bank The Imperial Bank was formed in 1921 by the amalgamation of three presidency banks- the Bank of Bengal, the Bank of Bombay and the Bank of Madras These presidency banks were created as a charter to deal in bills of exchange payable in India and were an integral part of the Indian Treasury They were taken over by the Imperial Bank of India as going concerns under a special legislation in 1920Contd…: Contd… The Imperial Bank acted as a banker to the government until the establishment of the RBI in 1935 Later on, it was authorised to act as the sole agent of the RBI in places where the latter did not have its own branches The Imperial Bank was nationalised under the State Bank of India Act, 1955, which was passed on 8 May 1955 The State Bank of India came into existence on 1 July 195Contd….: Contd…. The State Bank of India holds the dominant market position among all Indian Banks It is the world’s largest commercial bank in terms of branch network with a staggering 14,000 branches and 51 foreign branchesSlide 11: State bank of saurashtra and State bank of Indore merged with SBI.Private Banks: Private Banks Banks set up under the guidelines of RBI other than nationalised banks . The first private bank in India to be set up in Private Sector Banks in India was IndusIand Bank. Have to follow all the directions, instructions, guidelines from the RBIList Of Private Banks: List Of Private BanksPublic V/S Private Banks: Public V/S Private Banks You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.