Indian Banking Scenario

Indian margeing Scenario Banking in India originated in the last decades of the 18th century. The oldest curse in existence in India is the State Bank of India, a g all overnment-owned bank that traces its origins back to June 1806 and that is the largest commercial bank in the country. primaeval banking is the responsibility of the Reserve Bank of India, which in 1935 formally took over these responsibilities from the then Imperial Bank of India, relegating it to commercial banking functions. afterward Indias independence in 1947, the Reserve Bank was nationalized and given broader powers. In 1969 the government nationalized the 14 largest commercial banks; the government nationalized the six next largest in 1980. Currently, India has 88 scheduled commercial banks (SCBs) - 27 human beings sector banks (that is with the Government of India holding a stake), 31 individual(a) banks (these do not have government stake; they whitethorn be human beingsly listed and traded on stock exchanges) and 38 distant banks. They have a combined network of over 53,000 branches and 17,000 ATMs. tally to a report by ICRA Limited, a rating agency, the public sector banks hold over 75 percent of heart and soul assets of the banking industry, with the private and foreign banks holding 18.2% and 6.

5% respectively Organizational Structure of Banks in India In India banks are classified in various categories fit to differ rent criteria. The following charts indicate the banking structure: freehanded Classification of Banks in India 1)The RBI The RBI is the supreme monetary and banking mandate in the country and has the responsibility to control the banking system in the country. It keeps the reserves of all scheduled banks and hence is known as the Reserve Bank. 2) Public Sector Banks State Bank of India and its Associates (8) Nationalized Banks (19) Regional Rural Banks Sponsored by Public Sector Banks (196) 3) hugger-mugger Sector Banks Old Generation Private Banks (22) Foreign in the raw Generation Private... If you want to get a full essay, baffle it on our website: Orderessay

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