Table of Contents

• Dhanalakshmi Bank
• Federal Bank
• HDFC Bank
• HSBC
• ICICI Bank
• IDBI Bank
• Indian Bank
• Indian Overseas Bank
• IndusInd Bank
• ING Vysya Bank
• Jammu & Kashmir Bank
• JPMorgan Chase Bank
• Karnataka Bank
• Karur Vysya Bank
• Laxmi Vilas Bank
• Oriental Bank of Commerce
• Punjab National Bank
• Punjab & Sind Bank
• Scotia Bank
• South Indian Bank
• Standard Chartered Bank
• State Bank of India (SBI)
• State Bank of Bikaner & Jaipur
• State Bank of Hyderabad
• State Bank of Indore
• State Bank of Mysore
• State Bank of Saurastra
• State Bank of Travancore
• Syndicate Bank
• Taib Bank
• UCO Bank
• Union Bank of India
• United Bank of India
• United Western Bank
• Vijaya Bank
• Kotak Mahindra Bank
• Yes Bank
Banking services in India
With years, banks are also adding services to their
customers. The Indian banking industry is passing through a
phase of customers market. The customers have more
choices in choosing their banks. A competition has been
established within the banks operating in India.
With stiff competition and advancement of technology, the
services provided by banks has become more easy and
convenient. The past days are witness to an hour wait before
withdrawing cash from accounts or a cheque from north of
the country being cleared in one month in the south.
This section of banking deals with the latest discovery in the
banking instruments along with the polished version of their
old systems.
Indigenous bankers
The indigenous bankers occupy an important place in the
Indian Financial system . from ancient time, indigenous
banking system has been in Existence in India .the
indigenous bankers lend money, act as money changers And
finance internal trade by means of internal bill of exchange.
the business Of the indigenous bankers is generally a family
concern. With their own capital They grant loans against
securities such as gold, jewellery, and, promissory Notes,
etc. they also buy and sell remittances and discount hundies.
The indigenous bankers do not have contact with other
sections of the Banking world. they combine banking with
trading and commission business They generally deal with
agriculturist and small traders. The interest rate Charged by
Commercial Banks, Scheduled Banks , Non Scheduled
Banks, Co-operative Banks, Primary Co-operative Credit
Societies, Central Co-operative Banks, State Co-operative
Banks, Land Development Banks, State Bank of India
The State Bank of India was formed on 1 July, 1955, with
the passing of the State Bank of India Act, 1955, by taking
over the assets and liabilities of the Imperial Bank of India.
The Banking Regulations Act. 1949.
Banks are public service institutions dealing with the funds
of the public. The act was introduced in March 1948 and
was passed in the parliament in February 1949. It covers
following points related with Banking.
1) Definition of Banking
2) Business of Banking company and Prohibited
Business
3) Capital Requirement
4) Management of Banks
5) Maintenance of Liquid Assets
6) Licensing of Banks
7) Opening of new branches
8) Provisions Regarding Loans and Advances
9) Inspection of Banks
10) Powers of the Reserve Bank of India
11) Returns to be submitted
12) Acquisition of Business
13) Winding up of Banking Companies
14) Amalgamation of Banking Companies
15) Miscellaneous – Penalities
16) Application of Act to Co-operative Banks.
PRESENT MAIN SERVICES PROVIDED BY MAJOR
BANKS IN INDIA
Deposits, advances , lockers facility, payments and
settlements , other financial services .
We can study the main aspect of advances and loan with
respect to following points
Profit is the pivot on which the entire business activity
rotates. Banking is essentially a business dealing with
money and credit. Like every other business activity. Banks
are profit oriented. A bank invests its funds in many ways to
earn income. The bulk of its income is derived from loans
and advances.
Banks make loans and advances to traders, businessmen and
industrialists against the security of some assets or on the
personal security of the borrower. In either case , the banks
run the risk of default in repayment. Therefore , banks have
to follow a cautious policy and sound lending principles in
the matter of lending .
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