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SUBMITTED BY RUPESH KUMAR

Banking Sector

IntroductionBanking dates back to 1786, the first bank established in India, then the nationalization of banksin 1969 and recently the liberalization of the same since 1991.

Ba nking Services in Indi a

Bouquets of services are at customers demand in todays banking system. Different types of accounts and loans, facilitating with plastic money and money transfer across the globe.

The Ba nking Sector in Indi a

The Banking sector in India has always been one of the most preferred avenues of employment. In the current decade, this has emerged as a resurgent sector in the Indianeconomy. As per the McKinsey report India Banking 2010, the banking sector index hasgrown at a compounded annual rate of over 51 per cent since the year 2001, as comparedto a 27 per cent growth in the market index during the same period. It is projected that thesector has the potential to account for over 7.7 per cent of GDP with over Rs.7,500 billion inmarket cap, and to provide over 1.5 million jobs.

Today, banks have diversified their activities and are getting into new products and servicesthat include opportunities in credit cards, consumer finance, wealth management, life andgeneral insurance, investment banking, mutual funds, pension fund regulation, stockbroking services, custodian services, private equity, etc. Further, most of the leading Indianbanks are going global, setting up offices in foreign countries, by themselves or through

their subsidiaries.

R eserve Ba nk of Indi a (R B I)

RBI is the central bank of the country since 1934. It regulates, controls credit, issue licenses andfunctions as banker of all banks and the government.E a sy Ba nking

With the advancement of technology, banking sector has become more easy, fast, accurate andalso time saving. ATMs, Mobile Banking, SMS Banking and Net Banking are only the tip of anice-berg.

Indi a n Ba nks Associ a tion (I BA)

The functions of Indian Banks Association (IBA), its organizational structure, the addresses andcontact details are discussed in this section.F a ct F iles of Ba nks in Indi a

Know some of the facts which you always wanted to know, like first bank in India, first Indian bank in world, first bank to get ISO certificate and many more.

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Ba nks in Indi a

In India the banking sector is segregated as public or private sector banks, cooperative banks andregional rural banks. Foreign banks have been given a different head followed by upcomingforeign banks in this section.

F in a nci a l a nd Ba nking Sector R eformsThe last decade experienced a complete reform in the financial and banking sector. The capitaland financial market, banking & non-banking organisation and financial instruments wasredressed towards development.

IDB I

Industrial Development Bank of India (IDBI) is the tenth largest bank in the world in terms of development.

Ba nking Services for N R Is in Indi a

This section discusses upon the servicres provided to the NRIs in India through differentdedicated account. FAQs makes the section more comprehensive.P roxy Ba nking in Indi a

Only 42% of rural households have bank accounts. Proxy Banking, a bank through Kiosk andATM challenges to penetrate the untouched population in interior India.F AQ

Know all about Credit Cards and Indian Banking services for NRIs through this section withnumber of expected queries

The following are best banks which are currently operating in India under the guidelines of R eserve Ba nk of Indi a (R BI)

Abn Amro Bank In India Allahabad Bank In India American Express Bank In India Andhra Bank In IndiaBank Of IndiaCanara BankCentral Bank Of IndiaCITI BankCorporation BankHDFC Bank

HSBC BankICICI BankIDBIIndian Overseas BankOriental Bank Of CommercePunjab National BankState Bank Of India (SBI)Standard Chartered BankUnited Bank Of India

Axis bank

M aj or R ecruiters of Ba nking Industry

Public Sector Banks are the major recruiters of candidates aspiring for bank jobs. Thesebanks are:

1. The St a te Ba nk of Indi a Group (Tot a l:8 Ba nks) namely SBI (State Bank of India), State Bankof Indore, SBBJ (..Bikaner & Jaipur), SBH (..Hyderabad), SBM (..Mysore), SBP (..Patiala),SBS (..Saurashtra), and SBT (..Travancore).

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2 . Na tion a lized Ba nks (Tot a l: 19 Ba nks ) namely Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India,Corporation Bank, Dena Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, Syndicate Bank, UCO Bank, UnitedBank of India, Union Bank of India and Vijaya Bank.

3 . Other P ublic Sector Ba nk i.e. IDBI Bank Limited.

4 . P riv a te Sector Ba nks (Tot a l: 27 Ba nks ). The major recruiters in the private sector include theICICI Bank, HDFC Bank, Axis Bank, Federal Bank, Centurion Bank of Punjab, Indusind Bank,Kotak Mahindra Bank, Yes Bank, ING Vysya Bank, Bank of Rajasthan, Karur Vysya Bank,Karnataka Bank, Jammu & Kashmir Bank, South Indian Bank, Bharat Overseas Bank, etc.These banks conduct their own exams, but normally follow patterns similar to those of theexams of the public sector banks.

5 . Co-oper a tive Ba nks : All major National and State Co-operative Banks and ScheduledUrban Co-operative Banks conduct their own exams to recruit staff. Their recruitmentexams, too, are generally similar to the exams of the public sector banks.

M a rket sh a re

FY0 4 (R s bn) Adv a nces M a rket sh a reSBI [ Get Quote ] 1,955 22.7 %ICICI Bank [ Get Quote ] 631 7.3 %Canara Bank [ Get Quote ] 476 5.5 %PNB 472 5.5 %Bank of India 458 5.3 %Bank of Baroda [ Get Quote ] 356 4.1 %HDFC Bank [ Get Quote ] 177 2.1 %Standard Chartered 162 1.9 %

Total 4,687 54.4 %

Ch a rt of M a rket sh a re

smaller domestic banks from getting cannibalized by their stronger foreign counterparts. Withregulators like RBI and SEBI keeping a close watch we can hope that they do not fall prey to thevested interests of the foreign players.

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