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  1. Overview of the banking system in India
    1. The banking structure
    2. Banking developments, 1949-'69
  2. Nationalization of banks
    1. Evaluation of banking since nationalization
  3. Banking sector reforms
    1. Prudential regulation and supervision
    2. Rehabilitation of public sector banks
    3. Reduction in SLR and CRR
    4. Deregulation of interest rates
    5. Direct credit
  4. State Bank of India (SBI)
    1. Introduction
    2. History of the company
    3. Coporate details of the company
    4. Activities involved in SBI
    5. The bank's philosophy on code of governance
  5. Types of Banking
    1. Personal banking
    2. Corporate banking
  6. An overview of the organizational structure of SBI
  7. Conclusion

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.

[...] In India until the government securities market develops sufficiently to enable open market operations to become prime instrument of monetary policy, the CRR cannot be reduced drastically. Hence, some price in terms of efficiency has to be paid for ensuring effective monetary control. Deregulation of interest rates The policy of providing too many bank loans to different favored groups at multiple concessional interest rates not only contributed to the deterioration in the profitability of banks, but also led to inefficient use of credit reflected in uneconomic creation of additional capacity & its under utilization, heavy accumulation of inventories, & poor quality of project preparation & its inefficient implementation. [...]

[...] BANKING SYSTEM IN INDIA Different types of banks are in existence in India. They may be conveniently classified into: Modern organized banking sector. Unorganized banking sector. Organized modern sector includes commercial Banks, State Bank of India, Reserve Bank Of India, Foreign Bank & specialized financial institution. Unorganized indigenous sector includes large number of indigenous bankers, moneylenders. In addition to this, post-office, savings bank, co-operative banks & land development banks are also existence. All these banking system are precisely categorized into indigenous banking system & modern banking system. [...]

[...] Activities: State Bank of India administrative structure is well equipped to oversee the large network of branches in India and abroad. The State Bank of India 14 Local Head Offices and 57 Zonal Offices are located at important cities spread throughout the country. State Bank of India has 52 foreign offices in 34 countries across the globe. The Corporate Accounts Group is a Strategic Business Unit of the Bank set up exclusively to fulfill the specialized banking needs of top corporate in the country. [...]

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