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Prepared by Chinchu.


. The Indian banking industry has its foundations in the 18th century.  Recognized the importance of private and foreign players in a competitive scenario and has moved towards greater liberalization.  Major strides towards public ownership and accountability were made with nationalization in 1969 and 1980 which transformed the face of banking in India.  The initial banks in India were primarily traders’ banks engaged only in financing activities.


services include cash management. and trust services. large-sum loans. Banking services which are offered only to government agencies.  These . merchant banking. fleet and equipment leasing. other institutional customers and to corporations with strong balance sheets and sound income statements. pension funds. loan participation.

 Opening of Account  Issue of Check book  International Debit / Credit Card  Issue of Demand Draft (DD)  e-mail statement  Phone banking  Insta Query  Insta Alert  Bill pay  Passbook  Loan Facility .

“Retail banking is typical mass-market banking where individual customers use local branches of larger commercial banks.” The types of retail banks are:  Commercial Bank  Postal savings Bank  Private Bank  Offshore Bank  Building societies  Mortgage Bank  Islamic Bank .

 Saving Bank accounts  Fixed Deposit schemes  Current Accounts  Automated Teller Machines  Internet Banking Services  De-mat Services  Inter Branch Banking  Bill Pay  Safe Deposit Lockers  Debit Cards. Credit Cards  Easy Loan .

large number of banking services to be provided are day-by-day increasing.  Nuclear  Tax benefits are available .  Increase  More than 90% of the savings come from the household sector. “Now People Want To Save Less And Spend More. All round increase in economic activity in the purchasing power.” family concept is gaining much importance which may lead to large savings.