banks in india on the basis of domicile: (1) domestic bank (2) foreign banks on the basis of second...
TRANSCRIPT
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Banks in India
On The Basis Of Domicile: (1) Domestic Bank (2) Foreign Banks
On The Basis of Second Schedule of RBI Act: (1) Scheduled Bank (2) Non-Scheduled Bank
On The Basis of Ownership: (1) Public Sector Banks (2) Private Sector Banks
(3) Co-operative Banks (4) Regional Rural Banks
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Banks In India on the Basis of Functions
Commercial Banks Industrial Banks Agricultural Banks Exchange Banks Saving Banks Indigenous Banks Central Bank
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COMMERCIAL BANKS IN INDIA
Promoting Capital Formation Facilitator of Monetary Policy Monetisation Influence Economic Activity Directing Funds into Desired Channels Implementation of the Policies of Govt. Encouraging Innovations
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Functions of Commercial Banks
1. Basic Function: (i) Mobilization of Deposits.
Saving Deposit Account Fixed Deposit Account Recurring Deposit Account Current Deposit Account Flexible Deposit Account
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Functions of Commercial Banks
(ii) Credit Deployment: Money at Call Cash Credit Overdraft Discounting Bills of Exchange Term Loan
(iii) Credit Creation
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Agency Functions
Remittance of Funds Collection & Payment of Credit Instruments Execution of standing orders Sale and Purchase of securities Trustees and Executors of Wills Collection of Dividend on Shares and Interest
on Debentures
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General Utility Functions
Locker Facility Traveller’s Cheque Facility Merchant Banking Service Acting as Underwriters Acting an Information Provider Acting as a Referee
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Development Functions
Capital Formation Rural Development Priority Sector Advances Creating Employment Assistance of Money & Capital Market
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Modern Functions
ATMs Tele-Banking Internet Banking Smart Cards Round the Clock Banking