BASIC  DEFINITIONS

BANK
A bank is a financial organization licensed by a gover nment Its primar y activities include providing financial ser vices to customers while enriching its investors.

BANKING
The banking regulation act,1949,Section(b) defines banking “as accepting for the purpose of lending and investing of deposits of money from public , repayable, on demand or otherwise withdraw able by cheque , draft , order or

HISTORY OF BANKING  IN INDIA

The histor y of banking in INDIA can be divided into three phases and can be explained as follows:

PHASE 1

The General Bank of India was set up in the year 1786. Next came Bank of Hindustan and Bengal Bank. The East India Company established Bank of Bengal (1809), Bank of Bombay (1840) and Bank of Madras (1843) as independent units and called it Presidency Banks. During the first phase the growth was ver y slow and banks also experienced periodic failures between 1913 and 1948. There were approximately 1100 banks, mostly small. To streamline the functioning and activities of commercial banks, the Gover nment of India came up with The Banking Regulation Act 1949.

PHASE 2

Government took major steps in this Indian Banking Sector Reform after independence. In 1955, it nationalized Imperial Bank of India. It formed State Bank of India to act as the principal agent of RBI and to handle banking transactions of the Union and State Governments all over the country. Second phase of nationalization Indian Banking Sector Reform was carried out in 1980 with seven more banks. This step brought 80% of the banking segment in India under Government ownership. The following are the steps taken by the Government of India to Regulate Banking Institutions in the Country:

1955: Nationalization of State Bank of India. 1959: Nationalization of SBI subsidiaries. 1961: Insurance cover extended to deposits. 1969: Nationalization of 14 major banks. 1971: Creation of credit guarantee corporation. 1975: Creation of regional rural banks. 1980: Nationalization of seven banks with deposits over 200 crore.

After the nationalization of banks, the branches of the public sector bank India rose to approximately 800% in deposits and advances

PHASE 3

This phase has introduced many more products and facilities in the banking sector in its refor ms measure.

In 1991, under the chair manship of M Narasimham Rao, a committee was set up by his name which worked for the liberalization of banking practices. The countr y is now flooded with foreign banks and their ATM stations. Effor ts are being put to give a satisfactor y ser vice to customers. Phone banking and net banking is introduced. The entire system became more convenient and swift. Time is given more impor tance than money.

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BASIC FUNCTIONS OF A BANK

OTHER SERVICES
 Private Banking.  Capital Market Banking.  Foreign Exchange Ser vices.  Other financial ser vices. 

TYPES OF BANKS

Regional rural banks in india

Rural banking in India started since the establishment of banking sector in India. Rural Banks in those days mainly focused upon the agro sector. Regional rural banks in India penetrated every corner of the country and extended a helping hand in the growth process of the country. SBI has 30 Regional Rural Banks in India known as RRBs. The total number of SBIs Regional Rural Banks in India branches is 2349 (16%). Till date in rural banking in India, there are 14,475 rural banks in the country of which 2126 (91%) are located in remote rural areas.  Apart from SBI, there are many other banks which function for the development of the rural areas in India.

ü Unscheduled Banks in India

ü
ü Scheduled Banks in India constitute those banks which have been included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934. RBI in turn includes only those banks in this schedule which satisfy the criteria laid down vide section 42 (6) (a) of the Act .

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It is the central bank or the apex bank of our country.

ü

T he Reser ve Bank of India was established on April 1, 1935 in

accordance with the provisions of the Reser ve Bank of India Act, 1934.

ü The Central Office of the Reser ve Bank was initially established in Calcutta but was per manently moved to Mumbai in 1937. The Central Office is where the Gover nor sits and where policies are for mulated. ü Though originally privately owned, since nationalization in 1949, the Reser ve Bank is fully owned by the Gover nment of India.

ü
ü The Preamble of the Reser ve Bank of India describes the basic functions of the Reser ve Bank as:

"...to regulate the issue of Bank Notes and keeping of reser ves with a view to securing monetar y stability in India and generally to operate the cur rency and credit system of the countr y to its advantage." 

ü
ü Has 22 regional offices, most of them in state capitals.

Evolution in Banking Industry E-banking

Banking activity car ried on through computers and other electronic means of communication is called ‘electronic banking’ or ‘e-banking. A u t o m a t e d Te l l e r M a c h i n e - By using this, customers can
deposit or withdraw money from their own account any time. File a request for a cheque book and your account statement, also deposit cheques and cash, If you have several accounts linked to your ATM-cum-debit card, you can transfer funds between these accounts, Bill payment, most bank ATMs facilitate pre-paid mobile rechar ge too, Similar ly, the bank’s customers can also make donations to temple tr usts like Vaishno Devi, Shirdi Saibaba, Tir upati, etc


• Debit Card The customers can use this card for purchasing goods and ser vices at different places in lieu of cash. The amount paid

• Credit Card

credit cards are used to make payments for purchase, so that the individual does not have to car r y cash. Banks allow cer tain credit period to the credit cardholder to make payment of the credit amount. Interest is charged if a cardholder is not able to pay back the credit extended to him within a stipulated period.


Exper ts pitch for Islamic banking in India

Leading scholars and exper ts from the Arab world pitched for interest-free Islamic banking introduction in India, home to the world's largest Muslim minority. 

 

Net Banking

With the extensive use of computer and Inter net, banks have now star ted transactions over Inter net. The customer having an account in the bank can log into the bank’s website and access his bank account. He can make payments for bills, give instructions for money transfers, fixed deposits and collection of bill, etc. • Phone Banking In case of phone banking, a customer of the bank having an account can get infor mation of his account, make banking transactions like, fixed deposits, money transfers, demand draft, collection and payment of bills, etc. by using telephone . In mobile phone a customer can receive and send messages (SMS) from and to the bank in addition to all the functions possible

Specialize d Banks

Specialized banks are foreign exchange banks, industrial banks, development banks, exportimport banks catering to specific needs of these unique activities. These banks provide financial aid to industries, heavy turnkey projects and foreign trade.

Industrial Development Bank of India

According to the Reserve Bank of India, the Industrial Development Bank of India is categorized as "other public sector bank". The main aim of the formation of the IDBI was to provide easy loans and financial support to the industrial sector in order to develop the industrial sector and also the Indian economy. It is the fourth largest bank in terms of the ratings.

Services of IDBI

The Industrial Development Bank of India offers a number of customized and innovative banking services. The services are meant to offer cent percent satisfaction to the customers. Some of the well known services offered by the bank are: Wholesale Banking services Retail Banking Services Treasury facilities and services

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NABARD
National Bank Of Agriculture And Rural Development

NABARD is set up as an apex Development Bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts. It also has the mandate to support all other allied economic activities in rural areas, promote integrated and sustainable rural development and secure prosperity of rural areas.

Its role as a facilitator for rural prosperity NABARD is entrusted with:

Providing refinance to lending institutions in rural areas Bringing about or promoting institutional development Evaluating, monitoring and inspecting the client banks

Besides this pivotal role, NABARD also:
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Acts as a coordinator in the operations of rural credit institutions Extends assistance to the government, the Reserve Bank of India and other organizations in matters relating to rural development Offers training and research facilities for banks, cooperatives and organizations working in the field of rural development Helps the state governments in reaching their targets of providing assistance to eligible institutions in agriculture and rural development

EXIM BANK
EXPORT- IMPORT BANK

It is the leading export finance institution in the country. The bank was set up in the year 1982 under the Export-Import Bank of India Act 1981. The Government of India launched the Export-Import Bank Of India with an aim to augment exports from India and also to combine the country's foreign trade and investment with the overall economic growth. The primary objective of the Export-Import Bank of India is to provide financial assistance to importers and exporters and function as the top financial institution.

Services of the bank include:
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Overseas investment finance. Film finance, Export credit. Finance for export oriented units. Agricultural & SME finance.

Small Industries Development Bank of India

Small Industries Development Bank of India (SIDBI) was established in April 1990 under an Act of Indian Parliament as the principal financial institution for : Promotion Financing Development of industry in the small scale sector Co-ordinating the functions of other institutions engaged in similar activities

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A co-operative bank is a financial entity which belongs to its members, who are at the same time the owners and the customers of their bank. Co-operative banks are often created by persons belonging to the same local or professional community or sharing a common interest. Cooperative banks differ from stockholder banks by their organization, their goals, their values and their governance. Co operative Banks in India are registered under the Co-operative Societies Act. The cooperative bank is also regulated by the RBI. They are governed by the Banking Regulations Act 1949 and Banking Laws (Co-operative Societies) Act, 1965.

Cooperative banks in India finance rural areas  under:

Cooperative banks in India finance URBAN areas under:

 Farming  Cattle  Milk

 Home finance  Industries  Selfemployment  Consumer finance  Personal finance  Small scale units

 Hatchery  Personal finance

The co-operative banking structure in India is divided into following main 5 categories:

 Primary Agricultural Credit societies  Urban Co-op Banks  State Co-operative Banks  Central Co-operative Banks  Land Development Banks

Primary Credit Societies

These are formed at the village or town level with borrower and nonborrower members residing in one locality. The operations of each society are restricted to a small area so that the members know each other and are able to watch over the activities of all members to prevent frauds.

Urban co-operative banks

The first urban cooperative credit society was registered in Canjeevaram (Kanjivaram) in the erstwhile Madras province in October 1904. These banks, till 1996, were allowed to lend money only for non-agricultural purposes. This distinction does not hold today. They essentially lent to small borrowers and businesses. Today, their scope of operations has widened considerably.

State Co-operative Banks
These are the apex(highest level)co-operative banks in all the states of the country. they mobilize funds and help in its proper channelization among various sectors. the money reaches the individual borrowers from the state co-operative banks through the central co-operative banks and primary credit societies.

Central Co-operative Banks
These banks operate at the district level having some of the primary credit societies belonging to the same district as their members. These banks provide loans to their members (i.e., primary credit societies) and function as a link between the primary credit societies and state co-operative banks. These are the principal co-operative societies in the districts, in a state, the primary object of which is financing other co-operatives, particularly the PACBs in the district. The DCCBs came in to existence after the passing of Co-operative Societies Act,1912.These institutions also undertake banking business. These institutions act as Balancing Centers of Finance at the district level. They purvey the short term and medium term credit to the agriculturists. They also supervise the PACBs in the districts.

Land Development Banks
The special banks providing Long Term Loans are called Land Development Banks (LDA). The history of LDB’s is quite old. The first LDB was started at Jhang in Punjab in 1920. But the real impetus to these banks was received after passing the Land Mortgage Banks Act in 1930’s (LDB’s were originally called Land Mortgage Banks). After passing this Act LDB’s were started in different states of India The main objective of the land development bank is to promote the development of agriculture and increase the agricultural production..

PRESENT SCENARIO..
 The cooperative banks/credit institutions constitutes the second segment of Indian banking system, comprising of about 14% of the total banking sector asset (March 2007) Share of rural cooperatives in total institutional credit was 62% in 1992-93,34% in 2002-03 and 53% in 2006-07.

Commercial Banks
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Commercial Banks are banking institutions that accept deposits and grant loans and advances to their customers .

Types of Commercial Banks

Name SBI ICICI Punjab & National Bank Of India Citibank

Top 5 Banks in India based on:
Net Profit (in Rs. Mn) 67291 41577 20488 20094 18043

Name SBI ICICI Canara Bank Punjab & National Bank Of India

Total Income (in Rs. Mn) 576452 395991 164136 162626 144721

SBI Overview
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T y p e - Public (BSE, NSE & LSE) F o u n d e d - Kolkata, 1806 (as Bank of Calcutta), oldest commercial bank in india. H e a d q u a r t e r s - Cor porate Centre, Madam Cama Road, Mumbai 400 021 India K e y p e o p l e - O m P r a k a s h B h a t t , Chair man P r o d u c t s - Loans, Credit Cards, Savings Investment vehicles SBI Life (Insurance) etc. R e v e n u e - US$ 24.577 billion ( 2008 ) Net income US$ 2.25 billion ( 2008 ) To t a l a s s e t s US$ 257.183 billion (as of 31st March 2008 ) E m p l o y e e s - 205,896 Ranked as 363 rd For tune global 500 company

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SBI History

SBI is government owned and is the largest bank in India in terms of profits, assets, deposits, branches, employees Has 82 foreign offices in 32 countries across the globe. 7 Subsidiaries in India – SBI Capital Markets, SBICAP Securities, SBI DFHI, SBI Factors, SBI Life and SBI Cards - forming a formidable group in the Indian Banking scenario. In recent years the bank has focused on three priorities, first, reducing its huge staff through Golden handshake schemes known as the Voluntary Retirement Scheme. Second, computerizing its operations Third, trying to change the attitude of its largely rude staff through a programme aptly named 'Parivartan'

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ASSOCIATE BANKS

State Bank of India has the following six Associate Banks (ABs) with controlling interest ranging from 75% to 100%. 1.      State Bank of Bikaner and Jaipur (SBBJ) 2.      State Bank of Hyderabad (SBH) 3.      State Bank of Indore (SBIr) 4.      State Bank of Mysore (SBM) 5.      State Bank of Patiala (SBP) 6.      State Bank of Travancore (SBT) The six ABs have a combined network of 4502 branches in India which are fully computerized and 2410 ATMs networked with SBI ATMs, providing value added services to clientele.

SERVICES OFFERED
1.Personal banking2. Agricultire/ Rural
Term Deposit Savings a/c Current a/c

Housing Loan Property Loan Car Loan Educational Loan Personal Loan Loan Against Shares/Debentures Loan For ESOPS Festival Loans Easy Travel Loan

Loans for agricultural and allied activities like crop production, land purchase, tractor loans, financing power tillers, dairy units, godowns, cold storage, irrigation, horticulture etc.
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3. NRI Services 4. Cross Deposit A/cs Mutual funds
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Selling

5.Corporate Corporate banking

6. International
banking

Loans for house, Car
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credit cards

a/c s

Life insurance

Remittance service

loans

Micro Finance

SME

Loans for various purposes.

Government Business

CENTRALISED PENSION PROCESSING CENTER SBI e-TAX SBI e-Freight GOVERNMENT ACCOUNTS

Other Services


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MOBILE BANKING DEMAT SERVICES ATM SERVICES GIFT CARDS SBI YUVA CARD INTERNET BANKING SAFE DEPOSIT LOCKER eZ -PAY CARD SBI VISHWA YATRA FOREIGN TRAVEL CARD e-INVEST BROKING SERVICES

Latest at SBI

Launched 'SBI Gift Cards'. It is convenient for the gifting person, since he will no longer be burdened with going to shops to select items and hoping that the recipient would like that,' As a special promotion offer, issue charges for gift cards are fully waived up to March 31,2010. Issued for a minimum amount of Rs 500 and thereafter in multiples of Rs 100, subject to a maximum of Rs 20,000.

ICICI Bank
History and overview 
1955: The Industrial Credit and Investment Corporation of India Limited (ICICI) was incorporated at the initiative of World Bank, the Government of India and representatives of Indian industry, with the objective of creating a development financial institution for providing medium-term and long-term project financing to Indian businesses. 1994: ICICI established Banking Corporation as a banking subsidiary. formerly Industrial Credit and Investment Corporation of India. Later, ICICI Banking Corporation was renamed as 'ICICI Bank Limited'. ICICI founded a separate legal entity, ICICI Bank, to undertake normal banking operations - taking deposits, credit cards, car loans etc. India's largest private sector bank by market capitalization and second largest overall in terms of assets. Has a network of 1,636 branches and about 4,883 ATMs in India and wholly-owned subsidiaries, branches and

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ICICI Bank -Listed at BSE & NSE Headquarters – ICICI Bank Ltd., ICICI Bank Towers, Bandra Kurla, Mumbai, India Key people- K.V. Kamath, Chairman Chanda Kochhar, Managing Director & CEO Products Loans, Credit Cards, Savings, Investment vehicles, Insurance etc. Total assets - USD 76 billion (at Sept 30, 2009.)

Products and Services
1.Personal Banking

Accounts and deposits- Savings Account , Life

Plus Senior Citizens Savings Account , Young Stars Savings Account , Fixed Deposits , Recurring Deposits &  Easy Receive Savings Account etc .

Loans- Home Loans ,Loans Against Property | Personal Loans | Car | Two Wheeler | Commercial Vehicle | Loans Against Gold Ornaments | Construction Equipment

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Cards - Credit, debit, commercial cards etc. Investments - Bank bonds, GOI bonds, Mutual
fund, IPO, pure gold etc.

2. NRI Services

Money Transfer- Direct Debit ( ACH ), Cheque Lock Box , Web Wire Transfer , Donate2India , Wells Fargo , Correspondent Banks , Foreign Currency Cheque . Accounts- Fixed Accounts , Saving Accounts & Special Accounts

3.CORPORATE BANKING
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Cash Management Services Global Trade Services

Global Markets
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Forex Desk Derivatives Desk

Investment Banking

Mergers and Acquisitions Advisory

FI, Capital Markets & Custodial Services

Financial Institutions

Structured Finance

Structured finance for Corporate clients

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Project Finance Government Banking
- Accredited Banker to the Ministry of Civil Aviation, Approved banker to collect Direct Taxes as well as Indirect Taxes of the Central Government and State sales taxes/ VAT in the States of Delhi, Punjab, Andhra Pradesh and Gujarat.

4. Agri /Rural banking
Working capital loan. Long term loan, Loan against warehouse receipts Micro credit and micro saving

RECRUITERS AT JIMS

BANKS
Axis Bank

PROFILE OFFERED
Relationship Manager

SELECTION CRITERIA

PROCEDURE

SALARY OFFERED

SPECIALIZATION

Xth & XIIth PPT, GD, Interview 2.99-3.16 Lacs Finance & Marketing passed, Graduation p.a CTC 55% & abv., PG in Mktg. & Finance with 55%, Yr. of passing 2009, no backlog, age b/w 22-26

SBI Ltd.

Management Trainee

Short listed acc. to GD, Interview the percentage

6 Lacs p.a CTC Marketing

Greenfield Online Management Pvt. Ltd. Trainee

NA

2 Written Test, GD & 2.4 Lacs Interview (approx.) CTC

Hermes Merchant Pvt. Ltd.

MBA

Interview

3.5 Lacs p.a CTC

All Streams

BANKS

PROFILE OFFERED
Sales Officer Sales Executive

SELECTION CRITERIA
-

PROCEDURE

SALARY OFFERED
2.5 Lacs p.a 2.6 Lacs p.a 2.5 Lacs cash p.a + PF + Mobile + conveyance + Incentives

SPECIALIZATION

Deutsche Bank Barclays Bank

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Marketing, Finance, HR Marketing & Finance

Standard Chartered Associate Relationship Manager Role

ICICI

Sales Officer

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Interview

2.5-3 lac

Finance, Marketing

HDFC Pvt. Ltd.

Management 60% In Grad. & PG, Written Test, GD & 4.4 Lacs p.a, In Finance & Marketing Trainee, Retail 55% in Grad. if from Interview hand- 3.5 Lacs + Sales / Operations D.U or Calcutta Rs. 1200 Annual phone reimbursement

Thank You
P re se n t ed B y :
Ishneet Sawhney Gunjan Kharbanda Rishab Bansal S w a t i Ty a g i Mohit Narula