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4 are functional now! y PRE-REFORMS DEVELOPMENT y CREDIT GUARANTEE FUND TRUST FOR SMALL INDUSTRIES
2/20/2012 BANKING 2009 1
BANKING DEFINED
y DERIVED FROM FRENCH WORD BANQUE MEANING A BENCH y ALSO, FROM GERMAN WORD BACK MEANING A JOINT STOCK FUND y HISTORY .. BANK OF ENGLAND 1694 AD y BANK OF HINDUSTAN, INDIA 1770 y LARGE SCALE CLOSURES DURING 1929-32 y THREE PRESIDENCY BANKS BANK OF BENGAL (1809), BANK OF BOMBAY (1840) AND BANK OF MADRAS (1843) IN CALCUTTA, BOMBAY AND MADRAS . ALL 3 MERGED AS IMPERIAL BANK OF INDIA IN 1919 LATER BECAME STATE BANK OF INDIA IN 1955
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BANKING 2009
DEVELOPMENTS
y MANY MORE BANKS ALSO OPENED y CRISIS BETWEEN 1913-1917
588 BANKS FAILED y BANKING COMPANIES (INSPECTION ORDINANCE) ISSUED IN JANUARY 1946; BANKING COMPANIES (RESTRICTION OF BRANCHES) ACT PASSED IN FEBRUARY 1946 y THE BANKING COMPANIES ACT PASSED IN FEB 1946 y AMENDED AS BANKING REGULATION ACT, 1949
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BANKING 2009
DEVELOPMENTS 2
RBI ACT, 1934 WAS PASSED (1ST APRIL, 1935) FIRST CENTRAL BANK OF THE COUNTRY TOOK OVER FUNCTIONS FROM IMPERIAL BANK RBI NATIONALISED ON 01.01.1949 IMPERIAL BANK OF INDIA PARTIALLY NATIONALISED AS STATE BANK OF INDIA IN 1955 y IN 1959, SEVEN SUBSIDIARIES ADDED TO STATE BANK GROUP BIKANER & JAIPUR, HYDERABAD, INDORE, MYSORE, PATIALA, SAURASHTRA AND TRAVANCORE .
y y y y y
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DEVELOPMENTS 3
y 19TH JULY, 1969
GOI TOOK OVER CONTROL OF 14 PRIVATE BANKS WITH DEPOSITS OVER Rs 50 CRs y 15TH APRIL, 1980 SIX MORE BANKS WITH DTL EXCEEDING Rs 200 CRORES NATIONALISED y IN 1993, NEW BANK OF INDIA WAS MERGED WITH PUNJAB NATIONAL BANK (BOTH ARE PSBs) y NOW, WE HAVE SBI + SIX SUBSIDIARIES AS SBGROUP (AFTER MERGER OF SB SAURASHTRA WITH SBI), 19 PUBLIC SECTOR BANKS, AND IDBI BANK LTD (AFTER REVERSE MERGER WITH IDBI)
2/20/2012 BANKING 2009 5
OF INDIA IN 1955 14 PRIVATE BANKS NATIONALISED IN 1969 AGAIN, 6 MORE NATIONALISED IN 1980 BANK OF RAJASTHAN, DHANALAKSHMI, FEDERAL, SOUTH INDIAN, CATHOLIC SYRIAN, J&K, KARNATAKA, KARUR VYSYA (Old Private Banks) ECONOMIC AND BANKING SECTOR REFORMS IN 1991-93 NEW GENERATION BANKS IN 1994 CAPITAL OF Rs 100 / Rs 300 CRORES HDFC FIRST TO SET UP A NEW PVT BANK FOLLOWED BANK OF PUNJAB, CENTURION BANK, GLOBAL TRUST BANK, ICICI BANK, IDBI BANK, INDUSIND BANK, TIMES BANK, UTI BANK (NOW AXIS) LATER, KOTAK MAHINDRA BANK AND YES BANK . 11 NEW PRIVATE BANKS STARTED BUT TODAY 6 ONLY!
BANKING 2009 6
2/20/2012
(BOB, SBI, BOI, PNB, IB, UCO, CANARA, SYNDCIATE BANK) AND 5 PRIVATE SECTOR BANKS (ICICI BANK, INDUSIND, BANK OF PUNJAB, HDFC BANK and Bharat Overseas Bank) y SPREAD ACROSS 42 COUNTRIES WITH 101 BRANCHES y INCLUDE 6 OFFSHORE UNITS, 6 JOINT VENTURES, 17 SUBSIDIARIES, 30 REPRESENTATIVE OFFICES y PL SEE RBI WEBSITE FOR LATEST POSITION .
2/20/2012
BANKING 2009
DISTRICTS IN THE COUNTRY y MINIMUM CAPITAL OF Rs 500 LAKHS y INDIVIDUALS, TRUSTS, SOCIETIES AND CORPORATES AS PROMOTERS y TO OBTAIN IN PRINCIPLE APPROVAL FROM RBI y TO APPROACH REGISTRAR OF COMPANIES y TO COVER THREE CONTIGUOUS DISTRICTS
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BANKING 2009
MERGED WITH BANK OF BARODA ON JUNE 25, 2004 RBI REVIEWED POLICY AND DECIDED TO STOP LABs
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PRE-REFORMS
1. 2. 3. 4.
1. 2. 3. 4. 5. 6.
LEAD BANK SHEME, DECEMBER 1969 COOPERATIVE BANKS URBAN AND RURAL REGIONAL RURAL BANKS, OCT 02, 1975 (196 - now 96) SOME IMPORTANT FINANCIAL INSTITUTIONS
NABARD EXIM BANK NHB HUDCO HDFC IDBI 7.IFCI 8.IIBI 9.ICICI 10.SIDBI 11.IDFC 12.PFC 13.LIC 14.UTI 15.DICGC 16.CGTSME 17.ECGC
BANKING 2009 10
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Development Finance Institutions IFCI, IDBI, ICICI, IIBI, IDFC EXIM Bank, IL&FS,
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Banks SB Group, Public / RRBs / Private-Old & New/ Foreign / LAB / Coop
Financial Services : IFS
NBFCs, Chit Funds, Nidhi Cos, Postal / Natl Small Savings / Ins Cos/HFCs/CRAs/ Credit Card Cos
12
19 Nationalised & IDBI Bank) y 23 Private Sector (17 Old and 6 New) y 2,800 plus Co-operative Banks ! y 96 RRBs, 4 Local Area Banks !! y 29 Foreign Banks
IFCI, IDBI, IIBI, NABARD, SIDBI, NHB, SHCIL, NSDL, CDSL, IIFCL y SFCs, SIDCs, ITCOs, AFC, etc y STCI, DFHI, IDFC, IL & FS, etc
Financial Services : IFS 14 2/20/2012
15
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16
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17
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Co-operatives
State CO-operatives (16)
Old (17)
IDBI Bank
ALM 2008
ALM 2008
20
ALM 2008
21