Banking in India has its origin as early as the Vedic period. It is believed that the transaction from money lending to banking must have occurred even before Manu, the great Hindu Jurist, who has devoted a section of his work to deposits and advances and laid down rules relating to rates of interest. During the Mogul period, the indigenous bankers played a very important role in lending money and financing foreign trade and commerce. During the days of the East India Company, it was the turn of the agency houses to carry on the banking business. The General Bank of India was the first Joint Stock Bank to be established in the year 1786. The others which followed were the Bank of Hindustan and the Bengal Bank. The Bank of Hindustan is reported to have continued till 1906 while the other two failed in the meantime. In the first half of the 19th century the East India Company established three banks; the Bank of Bengal in 1809, the Bank of Bombay in 1840 and the Bank of Madras in 1843. These three banks also known as Presidency Banks were independent units and functioned well. These three banks were amalgamated in 1920 and a new bank, the Imperial Bank of India was established on 27th January 1921. With the passing of the State Bank of India Act in 1955 the undertaking of the Imperial Bank of India was taken over by the newly constituted State Bank of India. The Reserve Bank which is the Central Bank was created in 1935 by passing Reserve Bank of India Act 1934. In the wake of the Swadeshi Movement, a number of banks with Indian management were established in the country namely, Punjab National Bank Ltd, Bank of India Ltd, Canara Bank Ltd, Indian Bank Ltd, the Bank of Baroda Ltd, the Central Bank of India Ltd.
[...] Bina Chandarana - Secretary & Senior Vice President Organizational Chart: Chapter 3 Marketing Strategy of Kotak Mahindra Bank Kotak Mahindra Bank aims to increase its market share in retail financial services industry by providing banking convenience to customer and by offering differentiated products to meet the specific needs of disparate customer segment. In its annual report of 2005-06 the bank said the key drivers of retail business was increasing customer segmentation leading to customized products offering. Due to this strategy there was strong growth in business across various segments during 2005-2006. [...]
[...] Flexibility in altering period of deposit, maturity and payment instructions, principal amount and rollover mode Higher rate of interest on Fixed Deposits for Senior Citizens ABOUT UTI BANK FEATURES OF SAVING ACCOUNT OF UTI BANK: UTI Bank launches Easy Access, the dynamic savings bank account that defies geographical boundaries. As an Easy Access account holder you can access your money with multiple means and channels - anywhere anytime. Truly this is banking redefined to suit the convenience of our eclectic client base. [...]
[...] CHAPTER 5 COMPARATIVE ANALYSIS OF DIFFERENT BANKING PRODUCTS In this project we have taken some of the different banking products like current account, saving account, fixed deposit , etc and many other products this report shows about detailed analysis conducted with the survey of different customer like industrialist , individual ,firm, company, h u f it shows about what is customers needs & preference which can be known in detailed as well as this report shows what are the features & facilities provided by the different banks to their customer and what type of assistance banks provide to them. [...]
[...] Today the commercial banking system in India may be distinguished into: Public Sector Banks State Bank of India and its associate banks called the State Bank group 20 nationalized banks Regional Rural Banks mainly sponsored by Public Sector Banks Private Sector Banks Old generation private banks New generation private banks Foreign banks in India Scheduled Co-operative Banks Non-scheduled Banks. CO-OPERATIVE SECTOR The co-operative banking sector has been developed in the country to the supplement the village money lender. The co-operative banking sector in India is divided into 4 components State Co-operative Banks Central Co-operative Banks Primary Agriculture Credit Societies Land Development Banks Urban Co-operative Banks Primary Agricultural Development Banks Primary Land Development Banks State Land Development Banks DEVELOPMENT BANKS Industrial Finance Corporation of India (IFCI) Industrial Development Bank of India (IDBI) Industrial Credit and Investment Corporation of India (ICICI) Industrial Investment Bank of India (IIBI) Small Industries Development Bank of India (SIDBI) SCICI Ltd. [...]
[...] Kotak Mahindra Bank offer the attractive return with the personalized banking services there are different type of saving account of Kotak mahindra bank and they are as follows. There are four major account types of saving account to be maintained: 1. Kotak edge saving account 2. Kotak pro saving account 3. Kotak ace saving account 4. Kotak Easy saving account Each product is feature packed ranging from Free Home Banking, Free Access to over 17000 ATMs, Free D/Ds, Free at -Par Cheque Facility to Free Trading Account & Free Demat Account. [...]
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