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    Commercial Banks

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    vysakhkb
    Commercial banks play a vital role in the economy by accepting deposits and granting loans. They are regulated by the Reserve Bank of India and exist to make a profit. The key functions of commercial banks are accepting various types of deposits and providing short-term and long-term loans to individuals and businesses. Some of the major nationalized commercial banks in India include State Bank of India and its associates, along with other nationalized banks like Bank of Baroda and Punjab National Bank. In recent decades, several new private sector banks such as HDFC Bank, ICICI Bank, and Axis Bank have also been established.

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    Commercial Banks

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    vysakhkb
    51 views12 pages
    Commercial banks play a vital role in the economy by accepting deposits and granting loans. They are regulated by the Reserve Bank of India and exist to make a profit. The key functions of commercial banks are accepting various types of deposits and providing short-term and long-term loans to individuals and businesses. Some of the major nationalized commercial banks in India include State Bank of India and its associates, along with other nationalized banks like Bank of Baroda and Punjab National Bank. In recent decades, several new private sector banks such as HDFC Bank, ICICI Bank, and Axis Bank have also been established.

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    Commercial banks play a vital role in the economy by accepting deposits and granting loans. They are regulated by the Reserve Bank of India and exist to make a profit. The key functions of commercial banks are accepting various types of deposits and providing short-term and long-term loans to individuals and businesses. Some of the major nationalized commercial banks in India include State Bank of India and its associates, along with other nationalized banks like Bank of Baroda and Punjab National Bank. In recent decades, several new private sector banks such as HDFC Bank, ICICI Bank, and Axis Bank have also been established.

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    Download as ppt, pdf, or txt
    51 views12 pages

    Commercial Banks

    Uploaded by

    vysakhkb
    Commercial banks play a vital role in the economy by accepting deposits and granting loans. They are regulated by the Reserve Bank of India and exist to make a profit. The key functions of commercial banks are accepting various types of deposits and providing short-term and long-term loans to individuals and businesses. Some of the major nationalized commercial banks in India include State Bank of India and its associates, along with other nationalized banks like Bank of Baroda and Punjab National Bank. In recent decades, several new private sector banks such as HDFC Bank, ICICI Bank, and Axis Bank have also been established.

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    COMMERCIAL BANKS & REGIONAL RURAL BANKS

    Presented by Group 5

    COMMERCIAL BANKS

    Introduction

    Commercial banks play a vital role in the development of the country. These banks are primarily concerned with providing loans and advances
    Regulated by the RBI

    Definition of Commercial Banks

    An institution which accepts deposits, makes business loans, and offers related services

    Commercial banks also allow for a variety of deposit accounts, such as checking, savings, and time deposit These institutions are run to make a profit and owned by a group of individuals Commercial banks offer services to individuals, they are primarily concerned with receiving deposits and lending to businesses

    Functions of Commercial Bank


    . Primary Functions
    Accepting Deposits Current Deposits; Saving Deposits; Fixed deposits; Recurring Deposits; Miscellaneous Deposits. Granting Loans and Advances. Short-term Loans Cash Credit; Overdraft; Discounting of Bills. Long-term Loans Demand Loan; Term Loan.

    Secondary Functions

    Agency Services

    Collection and payment of cheques and bills on behalf of the customer; Collection of dividends, interest and rent, etc. on behalf of the customer, if so instructed by them; Payment of rent, interest, insurance premium, etc. on behalf of customers, if so instructed; Acting as agents or correspondents on behalf of customers for other banks and financial institutions at home and abroad. Issuing letters of credit and travelers' cheques; Underwriting of shares, debentures, etc.; Safe-keeping of valuables in safe deposit locker; Supplying trade information and statistical data useful to customers; Acting as a referee regarding the financial status of customers; Undertaking foreign exchange business.

    General utility Services


    State bank of India and its associates


    Sl. No.

    Name of bank

    Year of incorporation
    1966 1941 1955 1960 1913 1917 1945

    1 2 3 4 5 6 7

    State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of India State Bank of Indore State Bank of Mysore State Bank of Patiala State Bank of Travancore

    Nationalized Commercial Banks


    1 2 3 4 5 6 7 8 9 Allahabad Bank 1865 Andhra Bank 1923 Bank of Baroda 1908 Bank of India 1906 Bank of Maharashtra 1935 Canara Bank 1906 Central Bank of India 1911 Corporation Bank 1906 Dena Bank 1938

    10 11 12 13 14 15 16 17 18 19 20

    IDBI Bank Ltd 1994 Indian Bank 1907 Indian Overseas Bank 1937 Oriental Bank of Commerce 1943 Punjab & Sind Bank 1908 Punjab National Bank 1895 Syndicate Bank 1925 UCO Bank 1943 Union Bank of India 1919 United Bank of India 1950 Vijaya Bank 1931

    New Private Sector Commercial Banks


    Sl. No. 1 2 3 4 5 6 7 Name of bank Centurion Bank HDFC Bank ICICI Bank IndusInd Bank Kotak Mahindra Bank Axis Bank Yes Bank Year of incorporation 1994 1994 1994 1995 1985 1994 2003

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