Industry profile of banks

Ever since the emergence of banking in India in the last decades of the 18th century, the sector witnessed a considerable growth irrespective of economic volatility and unstable political premise. Banking sector of India still maintains its reputation as one of the most persistently lucrative sector that runs on regular government intervention and well-conceived economic policies. Reserve Bank of India, considered the supervisor of all the commercial banks in India, is the main regulator and these financial institutions have to adhere to its governance. India has about 88 commercial banks including 31 private banks, 27 public sector banks and 38 foreign banks. The country has an aggregate of 53,000 bank branches and 17,000 ATMs. Public sector banks dominate the segment with 75%of the total assets of the industry held by them. Following are the names of the best banks in India. Serial no. 1 2 3 4 5 6 7 8 9 10 Particulars State bank of India Icici bank Axis bank HDFC bank United bank of India Reserve bank of India Punjab National bank Central bank of India Union bank of India Allahabad bank

1.State bank of India Profile

SBI is the oldest bank of India and also India's largest commercial bank. This government owned bank was established in the year 1806.It is also the second largest bank in the globe. The bank provides a wide array of banking products through their effective network not only on India but also overseas. The bank has about 16,000 branches and is also accountable for one-fifth of the loans of India. It has about 8500 ATMs across the nation. Products of SBI
Company Product i) ii) Life Insurance General Insurance URL SBI Life Insurance Co SBI General Insurance Co. Ltd. SBI Mutual Funds UTI Mutual Funds Franklin Templeton Mutual Funds Tata Mutual Funds Fidelity Mutual Funds iv) Credit Cards SBI Cards & Payment Services Ltd. SBI DFHI LTD

iii)

Mutual Funds

v)

Govt. Securities and Corp. Bonds

2.Icici bank Profile

This is the second largest bank in India with about 1,419 branches and 4,644 ATMs spread countrywide. It is among the top commercial banks of India providing a wide range of banking services through varied delivery channels. Besides offering high-end banking facilities like Internet banking, Phone Banking and Mobile Banking, ICICI also plays a pivotal role in the domains of investment banking, venture capital and asset management and life and non-life insurance. It has its presence in 18 countries across the world including UK, Canada, Russia and others. Products of ICICI bank Personal Banking

Deposits Loans Cards Investments Insurance Demand Services Wealth Management

NRI Banking

Money Transfer Bank Accounts Investments Property Solutions Insurance Loans

Business Banking

Corporate Net Banking Cash Management Trade Services FXOnline SME Services Online Taxes

3. Axis bank Profile

One of the top private banks in India, it was earlier known as the Unit Trust of India (UTI) since it was promoted by the same organization. It was first among the new private banks to have started its operations in the year 1994. AXIS has its significant presence in about 4509 districts of India with a wide network of over 729 branch offices and Extension Counters. With around 3171 ATMs, the bank provides round the clock banking convenience. This Indina bank has amassed a capital of more than Rs. 350 crores and enjoys equal sway over retail and corporate banking. Products of AXIS bank

Cash - transact for delivery Intraday - Buy and Sell equities on the same day with low margin. Cover - Place Buy and Sell orders simultaneously with a stop loss and get better leverage and limit your probable losses Futures - Buy and Sell Futures Derivative contracts expiring in different months by paying a margin Futures Intraday - Same day square off of Futures Derivative contracts with low margins Options - Buy Options Derivative contracts by just paying a premium or sell Options Derivative contracts by paying a margin Collateral management - Deposit shares with us towards collaterals and get additional margin trading limits Subscribe for IPOs or FPOs - Easier way to apply in the primary market issues

4.HDFC bank Profile

It is also among the top banks of India offering various banking services for the customers like Personal Banking, NRI Services, Net Banking, Online Remittances and others. The year 2008 has been very prosperous for HDFC as it won a host of awards for being the best retail bank and also the best among other Indian banks to adopt Information Technology. With a total income of more than Rs. 5,400 crores, it demands a significant position in Indian banking industry. The bank has about 1,500 branches and 2,890 ATMs in 530 Indian cities.

Products of HDFC bank Protection Plans

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Term Assurance Plan Loan Cover Term Assurance Plan

United bank of India

Company profile The history of United Bank of India dates back to 1914 when one of its constituents of banks Comilla Banking Corporation Ltd. was founded. In the following years, its other three constituents Bengal Central Bank Ltd, Comilla Union Bank Ltd and Hooghly Bank Ltd. were founded in 1918, 1922 and 1932 respectively. All of them were amalgamated to form United Bank of India in 1950. Later, Tezpur Bank Ltd. and Cuttack Bank Ltd. also merged with UBI in 1961. In 1973, Hindusthan Mercantile Bank Ltd. merged with UBI and again in 1976, it's the turn for Narang Bank of India Ltd. to merge with United Bank of India.

Products of united bank

Deposit Schemes Utility Schemes Retail Credit Priority Sector Corporate Banking SME Segment United Demand Third Party Products

6. Reserve bank of India

Company profile Reserve Bank of India is also known as India's Central Bank. It was established on 1st April 1935. Although the bank was initially owned privately, it has been taken up the Government of India ever since, it was nationalized. The bank has been vested with immense responsibility of reviewing and reconstructing the economic stability of the country by formulating economic policies and ensuring a proper exchange of currency. In this regard, the Reserve Bank of India is also known as the banker of banks. Products of reserve bank

College of Agricultural Banking Banker's Training College Reserve Bank of India Staff College National Institute of Bank Management Indira Gandhi Institute of Development Research (IGIDR) Institute for Development & Research in Banking Technology (IDRBT)

7. Punjab National bank

Company profile The Punjab National Bank or PNB is one of the well known commercial and banking institutions in India. It is the second largest government owned and regulated commercial bank in the country and offers specialized solutions and financial services in a number of sectors. Around 37 million customers are served by the bank on an average basis. The customized facilities and services make it a trusted name in the domain of banking. Products of reserve bank

Savings Fund Account Fixed Deposit scheme Current account Loan services

8. Central bank of India

Company profile Central Bank of India is one of the largest commercial banks in India. Founded in December 21, 1911 by Sorabji Pochkhanawala, Central Bank of India is believed to be the first commercial bank in India, owned and managed fully by the Indians. In 1923, Central Bank of India acquired Tata Industrial Bank. It has made its position in the Indian banking industry through a range of innovative and unique banking activities, which continued even after the nationalization of banks in India in 1969. Products of central bank

Recurring Deposit with Personal Accident Cover CENT Uttam Scheme Monthly Interest Deposit Receipt (MIDR) CENT Tax Saving Deposit Senior Citizen Deposit Scheme Money Multiplier Deposit Certificate (MMDC) CENT Bachat Khata Quarterly Interest Deposit Receipt (QIDR) Central's Flexi Yield Deposit Scheme

9. Union bank of India

Company profile Union Bank of India had started with a vision to turn into "the bank of first choice in our chosen area by building beneficial and lasting relationship with customers through a process of continuous improvement". Also referred to as UBI, because of which many confuse it with United Bank of India, the Union Bank of India has evolved into one of the largest state-owned banks in India. It is also included on the Forbes 2000 list. Products of union bank

Accounts & Deposits cumulative deposit scheme, deposit reinvestment certificate, monthly income scheme, union flexi-deposit, senior citizens scheme, multi gain savings account, no frills saving account, union super salary account, union classic current account Retail Loans union cash, union home, union health, union miles, union education, union top up, EMI calculator, union smile Cards - Classic / Silver / Gold, Corporate Credit Cards, Add-On Cards Insurance & Investment mutual fund, union healthcare Demat demat accounts, online share trading Payments.

10. Allahabad bank

Company profile Allahabad Bank is one of the leading banks in India. Established on April 24, 1865 in Allahabad by a group of European, Allahabad Bank is also the oldest Joint Stock Bank of India. In the year 1969, the Government of India nationalized 13 commercial banks. Allahabad Bank was one of those. Currently it offers a whole range of financial services to thousands of customers across the nation through its 2260 branches, besides its Internet banking services. Allahabad Bank has its headquarter located in Kolkata.

products of Allahabad bank 1. Deposit Products o Flexi-Fix Deposit o Rs. 5 Banking o All Bank Tax Benefit Term Deposit Scheme o AlBank Premium SB Account o AllBank Mahila Sanchay Account o AllBank Vikash SB Account o AllBank Premium Current Account o Current Plus Deposit Scheme o Sishu Mangal Deposit Scheme 2. Retail Credit Products o Housing Loan o Education Loan o Car Loan o Personal Loan for Pensioners o Personal Loan for Doctors o Loan Against NSC/KVP o AllBank Rent Loan o AllBank Property Scheme o AllBank Furnishing Loan o Gold Loan Scheme o AllBank Mobile Scheme o Overdraft Facility in SB Accounts o AllBank Abhushan Scheme o AllBank Trade Scheme o AllBank Gyan Dipika Scheme o AllBank Reverse Mortgage Scheme 3. Other Credit Products o Kisan Credit Card o Kisan Shakti Yojana o AllBank-Expo