Overview of banking system in India and organizational structure of SBI
Summary :
Table of Contents
- Overview of the banking system in India
- The banking structure
- Banking developments, 1949-'69
- Nationalization of banks
- Evaluation of banking since nationalization
- Banking sector reforms
- Prudential regulation and supervision
- Rehabilitation of public sector banks
- Reduction in SLR and CRR
- Deregulation of interest rates
- Direct credit
- State Bank of India (SBI)
- Introduction
- History of the company
- Coporate details of the company
- Activities involved in SBI
- The bank's philosophy on code of governance
- Types of Banking
- Personal banking
- Corporate banking
- An overview of the organizational structure of SBI
- Conclusion
Abstract
Banks play an important role in the modern world. Modern banking system is the result of industrial revolution, which took place in Europe. The word 'bank' is derived from the Italian word 'Banco'. Banks are the commercial institutions, which receive money in the form of deposits from those who have money & lend money to those who are in need of it. Today banks are not only suppliers of money but also manufacturers of money. According to the Indian banking Regulation Act 1949, banking means,' Accepting for the purpose of lending or investment of deposits of money from the public, repayable in demand or otherwise & withdrawal by cheque, draft, order or otherwise.
The commercial banking system in india now consists of public sector scheduled banks and private sector scheduled as well as non-scheduled banks. In terms of business the public sector banks now have a dominant position. They now account for more than 80 percent of the entire banking system.
The commercial banking system in india now consists of public sector scheduled banks and private sector scheduled as well as non-scheduled banks. In terms of business the public sector banks now have a dominant position. They now account for more than 80 percent of the entire banking system.
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