STATE BANK OF INDIA The origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in Calcutta on 2 June 1806. Three years later the bank received its charter and was re-designed as the Bank of Bengal (2 January 1809). A unique institution, it was the first joint-stock bank of British India sponsored by the Government of Bengal. The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) followed the Bank
technological spheres. The reforms emphasised the “commercial character” of the banking system and helped the banks to stand on a firm footing. The first phase of reforms directed mainly towards the operational efficiency has brought concepts like prudential accounting norms, Deregulation of Interest Rates, Credit Delivery, Transparency, Capital Adequacy Norms, Autonomy in Management etc. Banks started cleansing their balance sheets, competition led to improvement in their efficiencies and profit concept
Bank of Baroda was established with a paid-up capital of Rs.10 lakh in 1908 in Baroda in Gujarat. After raising Rs.300 crs. through a bond issue in 1995, the bank tapped the capital market with an initial public offering of Rs.850 crs. in 1996. The bank's international presence covers 21 countries through 40 overseas branches, 3 representative offices and 17 branches of the bank's overseas subsidiaries. It has approvals for opening branches in Trinidad and Tobago, Ghana, Australia and Bahrain. It
Overview: United Bank of India is one of the prominent nationalised banks in the country that have played a major role in spreading banking services to the farthest Eastern and North-Eastern parts of the country. UBI has sponsored 4 RRBs (Regional Rural Banks) in states such as West Bengal, Assam, Manipur, and Tripura. The four RRBs have around 1,000 branches in these states and UBI contributes more than 35% of share capital/additional capital of these banks. Even areas that are nearly inaccessible
The Reserve Bank of India is the regulator as well as supervisor of the financial system of India. It is the function of the Reserve Bank of India to establish the parameters for functions related to bank, that govern the operations and performance of the banking and financial system in India. The Reserve Bank of India provides security to the depositors' which increases the public trust in the banking system. It
services and customer satisfying approach used by banks as well as the external factors influencing the CRM services. Primary data is based on questionnaire based surveys that acts as research instruments to get feedback from bank employees. Questionnaires are designed in perfect way so that it can be easily understood by bank employees. Random sampling method is used for doing surveys. Fieldworkers distribute and receive completed questionnaire from the bank employees. Response received from SERVQUAL is
This case study is related to the computer glitch that happened in a bank. The Royal Bank of Scotland has caused millions of the customers unable to access their account. This incident happened is caused by a junior technician in India do not have the skills that are efficient in carrying out a given job. In that case, unions have already blamed the fiasco. That is because the fiasco make the decision to outsource much of the company’s IT jobs, as Indian staff are paid little compared with their
FAMILY LAW-I GITHA HARIHARAN V. RESERVE BANK OF INDIA SUBMITTED BY- HARPREET SINGH GUPTA I.D. NO. - 2054 II YEAR B.A., LL.B. (HONS.) DATE OF SUBMISSION- 10TH AUGUST 2014 TABLE OF CONTENTS INTRODUCTION 3 RESEARCH METHODOLOGY 4 POSITION OF LAW BEFORE GITHA HARIHARAN CASE 5 RECOMMENDATIONS OF THE LAW COMMISION 7 ARGUMENTS RAISED 8 ANALYSIS OF THE JUDGMENT 9 POSITION OF LAW AFTER GITHA HARIHARAN CASE 10 CONCLUSION 11 INDEX OF AUTHORITIES LIST OF STATUTES 1. The Hindu Minority and Guardianship
capital markets. A bank is connection between the customers which have capital deficits to those customers with capital surpluses. MEANING AND DEFINITION OF BANKING: A bank is an institution, which deals with the money and credit. It accepts the deposit from the public, makes fund available to those who needs them, and helps in the remittance of the money from one place to another. The banking is the collection of money as a deposit and then lending out this money in order Thus bank is an intermediary
all the services and businesses offered by a bank. A bank is a financial institution that accepts deposits from the public and creates credit. The process of lending and all its activities is managed either directly or indirectly (by use of capital markets). Most banks in most countries are regulated due to their importance in the economic development. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of
Banking in India originated in 18th century. The General Bank and The Bank of Hindustan were among the first banks to be set up. State Bank Of India is the oldest bank of the country. Then in 1935 the Reserve Bank of India was established. A step ahead were taken when all the major banks were nationalised in 1969 by the Government of India . Oudh Commercial Bank was the first entirely Indian joint stock bank set up in 1881 in Faizabad .Due to its failure in 1958, Punjab National Bank wsa set up
banking sector since 1990s. It has now been open to more competitions by the entry of new private banks and gradual liberalization of the banking sector. The sector is currently valued at Rs 81 trillion (US$ 1.31 trillion). It is believed that there is potential for India to be the 5th largest banking industry in the world by 2020 and the 3rd largest by 2025, according to an industry report. (IBEF, 2014) India is an emerging market with high economic growth. It is one of the largest economies in the world
Professor at Matoshri Ushatai Jadhav Institute of Management Studies & Research Centre, Bhiwandi- India ameerul.hasan@gmail.com Abstract: The central bank of any country is the main driving force for the implementation and development of the national payment system. The Indian payments systems have undergone a volumetric and qualitative change after globalization. At present the payments in India can be made through paper based instrument ,electronic instrument and other instrument ,with the introduction
1.8 IMPORTANCE OF BANKING: Banking has greater importance in the economic development & also in the Development of different fields. Banks are playing a crucial role in the development importance of banking is as Follows. 1. Banks help in the formations of capital 2. Banks play an important role in mobilizing the saving of people 3. It directs the flow of funds into productive channels 4. It provides finance to the government 5. It provides safety and security to the surplus money of the deposits
merchants in the ancient world gave loans on grains to farmers and traders who traded their goods between cities. This had been happening since 2000 BC in Assyria and Babylonia. There is archaeological proof of money lending activities in ancient India and China. Kingdoms financially backed by a robust banking system flourished in all aspects of trade and commerce. Their main function was to act as an intermediary who accepts deposits and directs these deposits into lending activities. Banking in
make electronic payments all across India. The system was set up after the Reserve Bank of India (RBI) realised the need for a domestic payment system that could bring all financial transactions under one banner. This was done in order to lower costs and to establish India’s very own financial system that would compete at both the national and international level. Thus, the RuPay financial service was born. Set up by the National Payments Corporation of India (NPCI) in March 2012, RuPay offers various
estate, education, health, social work, etc. The service sector is a very crucial part of the economy. Service sector in India has grown up by 55% in India’s GDP 2006-2007. Service Sector business’s is now increasingly focuses on so called “knowledge economy”. They need to keep ahead of other businesses
well as unorganized money markets. The organized money market consists of RBI, all scheduled commercial banks and other recognized financial institutions. However, the unorganized part of the money market comprises domestic money lenders, indigenous bankers,trader, etc. The organized
is difficult task and it not only just opening bank account and solve financial problem of marginalized sections and disadvantaged people, its important objective is abolishing the state of social exclusion in the economy (Rangarajan, 2008). Countries large number of people excluded from formal financial systems it indicate the higher poverty ratio and higher inequality (World Bank, 2006, 2008). Barclays (2010) opined that people who excluded from bank account and payment system it is harder and more
barrier to innovation (Chan and Earth, 1999). Ratinder Core (2011) studied the business process reengineering in the State Bank of Patiala. In India, has been the changing dynamics of the Indian economy has led many of the reforms in the financial sector, especially in banking and insurance sector. To meet new competitive challenges due to the induction of technology in banks and change in customers ' perspective has forced organizations to rethink about the ways of doing business operations activities