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Banking in India

The history of banking began with the first prototype banks which were the merchants of the
world, who gave grain loans to farmers and traders who carried goods between cities. This was
around 2000 BC in Assyria, India and Samaria. Later, in ancient Greece and during the Roman
Empire, lenders based in temples gave loans, while accepting deposits and performing the
change of money. Archaeology from this period in ancient China and India also shows evidence
of money lending.

Many histories position the crucial historical development of a banking system to medieval and
Renaissance Italy and particularly the affluent cities of Florence, Venice and Genoa. The Bardi
and Peruzzi Families dominated banking in 14th century Florence, establishing branches in many
other parts of Europe. The most famous Italian bank was the Medici bank, established by
Giovanni Medici in 1397. The oldest bank still in existence is Banca Monte dei Paschi di Siena,
headquartered in Siena, Italy, which has been operating continuously since 1472.

Development of banking spread from northern Italy throughout the Holy Roman Empire, and in
the 15th and 16th century to northern Europe. This was followed by a number of important
innovations that took place in Amsterdam during the Dutch Republic in the 17th century and in
London since the 18th century. During the 20th century, developments in telecommunications
and computing caused major changes to banks' operations and let banks dramatically increase in
size and geographic spread. The financial crisis of 2007–2008 caused many bank failures,
including some of the world's largest banks, and provoked much debate about bank regulation.


The Vedas (2000–1400 BCE) are the earliest Indian texts to mention the concept of usury, with
the word kusidin translated as "usurer". The Sutras (700–100 BCE) and the Jatakas (600–400
BCE) also mention usury. Texts of this period also condemned usury: Vasishtha forbade
Brahmin and Kshatriya varnas from participating in usury. By the 2nd century CE, usury became
more acceptable. The Manusmriti considered usury an acceptable means of acquiring wealth or
leading a livelihood. It also considered money lending above a certain rate and different ceiling
rates for different castes a grave sin.

The Jatakas, Dharmashastras and Kautilya also mention the existence of loan deeds, called
rnapatra, rnapanna, or rnalekhaya.

Later during the Mauryan period (321–185 BCE), an instrument called adesha was in use, which
was an order on a banker directing him to pay the sum on the note to a third person, which
corresponds to the definition of a modern bill of exchange. The considerable use of these
instruments has been recorded. In large towns, merchants also gave letters of credit to one

Nationalization in 1969 and 1980

Despite the provisions, control and regulations of the Reserve Bank of India, banks in India
except the State Bank of India (SBI), remain owned and operated by private persons. By the
1960s, the Indian banking industry had become an important tool to facilitate the development of
the Indian economy. At the same time, it had emerged as a large employer, and a debate had
ensued about the nationalization of the banking industry. Indira Gandhi , the then Prime Minister
of India, expressed the intention of the Government of India in the annual conference of the All
India Congress Meeting in a paper entitled Stray thoughts on Bank Nationalization.

Thereafter, the Government of India issued the Banking Companies (Acquisition and Transfer of
Undertakings) Ordinance, 1969 and nationalized the 14 largest commercial banks with effect
from the midnight of 19 July 1969. These banks contained 85 percent of bank deposits in the
country. Within two weeks of the issue of the ordinance, the Parliament passed the Banking
Companies (Acquisition and Transfer of Undertaking) Bill, and it received presidential approval
on 9 August 1969.

The following banks were nationalized in 1969:

 Allahabad Bank
 Bank of Baroda
 Bank of India
 Bank of Maharashtra
 Central Bank of India
 Canara Bank
 Dena Bank
 Indian Bank
 Indian Overseas Bank
 Punjab National Bank
 Syndicate Bank
 UCO Bank
 Union Bank
 United Bank of India

A second round of nationalizations of six more commercial banks followed in 1980. The stated
reason for the nationalization was to give the government more control of credit delivery. With
the second round of nationalizations, the Government of India controlled around 91% of the
banking business of India.

The following banks were nationalized in 1980:

 Punjab and Sind Bank

 Vijaya Bank
 Oriental Bank of India
 Corporate Bank
 Andhra Bank

Later on, in the year 1993, the government merged New Bank of India with Punjab National
Bank. It was the only merger between nationalized banks and resulted in the reduction of the
number of nationalized banks from 20 to 19. Until the 1990s, the nationalized banks grew at a
pace of around 4%, closer to the average growth rate of the Indian economy.
Act of 11 of 1959.

The Report of the Committee of Directors of the All India Rural

Credit Survey, appointed by the Reserve Bank of India, was
published in December, 1954. At the first conference of State
Ministers in charge of Co-operation held at New Delhi in April, 1955,
it was agreed that schemes of Co-operative development under the
Second Five-Year Plan should be drawn up to give effect to the
recommendations contained in the Rural Credit Survey Report. The
Report recommended, among other things, increased State
partnership in Co-operative Societies and State participation in their
management. In order to implement the recommendations of the
Rural Credit Survey Report and to facilitate the implementation of
the schemes of co-operative development under the Second Five-
Year Plan and also to simplify, rationalise and modernise the
existing laws relating to Co-operative Societies, the Committee on
Co-operative Law was appointed by the Government of India. The
Committee observed that the implementation of the
recommendations of the Rural Credit Survey Report and of the
schemes of co-operative development under the Second Five-Year
Plan requires revision of the existing Co-operative Societies Act and
the Rules made thereunder in all States. Further, the Re-
organisation of States has brought together, areas which are being
governed by different Acts and Rules. Under these circumstances
the Committee felt, the present juncture was very opportune for
revising the Co-operative Societies Act, in force in the different
States with a view to bringing about as large a degree of uniformity
in the legislation governing Co-operative Societies as possible
throughout the country. Taking these factors into consideration, the
Committee prepared a Model Co-operative Societies Bill and Model
Rules which they recommended to State Governments for
enactment and adoption. At present five different Co-operative
Societies Acts are in operation in the different parts of the Mysore
State. This is a source of considerable administrative
inconvenience. It is necessary to have a uniform Co-operative
Societies Law as applicable to the whole of the State. Government
have, therefore, decided to introduce the present Bill. The Bill has
been drafted after taking into consideration the Model Co-operative
Societies Bill recommended by the Committee on Co-operative Law
appointed by the Government of India. The principle of State
partnership in Co-operative Societies and State participation in their
management has been accepted and incorporated in the relevant
provisions of this Bill.

Regional Rural Banks

Regional Rural Banks (RRBs) are Indian Scheduled Commercial Banks (Government Banks)
operating at regional level in different States of India. They have been created with a view of
serving primarily the rural areas of India with basic banking and financial services. However,
RRBs may have branches set up for urban operations and their area of operation may include
urban areas too.
The area of operation of RRBs is limited to the area as notified by Government of India covering
one or more districts in the State. RRBs also perform a variety of different functions. RRBs
perform various functions in following heads:

 Providing banking facilities to rural and semi-urban areas.

 Carrying out government operations like disbursement of wages of MGNREGA workers,
distribution of pensions etc.
 Providing Para-Banking facilities like locker facilities, debit and credit cards, mobile
banking, internet banking, UPI etc.
 Small financial banks.

Sector Details

Dalimbe Belegarara Pattin Sahakari Sangh Niyamit Kaladgi

Company Profile

Name Dalimbe Belegarara Pattin

Sahakari Sangh Niyamit
Type Regular Cooperative Bank
Head Branch Kaladgi
Branch Kaladgi
Pin code 587204
Dist/Taluk Bagalkot
No of Branches 3
Mail id dbpsskld@gmail.com
Certificate Karnataka Cooperative Society
Act 1959
License No AR6/RSR/CR112/36036/2007-
History and Inception of the Bank

Dalimbe Belegarara Pattin Sahakari Sangh Niyamit was set up on 24th September 2007. Some of
all farmers who grow fruits comes together with a vision to help people financially established
this society at Kaladgi. There were 744 members involved in this to startup the bank from those
members they have collected 100 rupees as share and people have voluntarily invested the
amount how much they want.

There are 3 branches of this bank. Head branch at Kaladgi and other two branches at
Chikkalagundi and Lokapur. They say it as Pattina Vyavahara or business of detection in general
in banking sector we say it as The credit Business.

There were 9 people were directors at the starting now there are 15 peoples are as directors.

Members of the Board of Directors:

1. Sri, K. L. Bilkeri - President

2. Sri, V. G. Deshpande - Director
3. Sri, K. Y. Arakeri - Director
4. Sri, I. M. Jalihal - Director
5. Sri, I. T. Arakeri - Director
6. Sri, B. V. Pundikatagi - Director
7. Sri, C. Y. Hebballi - Director
8. Sri, S. T. Ganiger - Director
9. Sri, Y. L. Pujar - Director
10. Sri, S. N. Shivanicchi - Director
11. Sri, P. S. Police - Director
12. Sri, P. V. Purohit - Director
13. Smt, H. Y. Arakeri - Director
14. Smt, U. S. Angadi - Director
15. Smt, G. S. Dodamani - Director
16. Sri, M. C. Angadi - Consultant
17. Sri, S.G. Channapur - Chief Executive Officer

1. Sri, K. L. Bilkeri - President

2. Sri, B. S. Jalihal - Vice President
And 7 peoples are supporters

Present Head:

1. Sri, K. L. Bilkeri - President

2. Sri, S. T. Ganiger - Vice President


To be the top most cooperative society in the future providing able leadership to the
cooperative structure for achieving a sustained growth and up liftment of the small
and marginal farmers and rural masses implementing the objectives of financial

DBPSSNKLD aims to promote a sound, strong and vibrant cooperative credit structure in
Karnataka embedded with latest technology and computerization, providing innovative and
affordable banking products so as to be an active partner in the progress of the state and
contribute to its economic and social development.

The vision is ofcorse of long term to help farmers and peoples help financially healthy and
become a good leader.

Make working in a passion rather than duty and to be a social responsible, environment friendly
bank that society and environment it belongs to and society expects to be. Build an empire that
installs in every employee of dedication, true camaraderie and feeling of one family.


 Depositing cash and providing loans.

 To help the backward class people and poor people financially.

 On Hire purchase and Hypothecation to buy motor vehicles other vehicles.

 Doing all the things that helps union to grow.

 Generally for public betterment of members organizing events and taking permission and
putting e-stamp and selling.

 Providing loans and advances.

 Helping the unemployed technically to startup their own business.

 Taking deposits by religious organizations or any other organizations.

 According to the rules and regulations helping the union members by providing mortgage
facility to help their childrens for their educations.

And there are many more objectives to help society and farmers and poor people and reach
their goal that is to earn name in society and up liftment of bank and satisfy the customers
and people.

Facilities and Services:



 E-Stamping

 SMS Alert

 Loans and Advances

 Fixed Deposits

 Deposits

Types of Accounts:

 Savings Bank A/c

 Current A/C

 FD

Types of Loans:
Surety Loans

Here for one person up to Rs.75, 000 Loan will be provided depending upon their status and
capability. But another one person have to be there for surety or like bail.

Gold Loan

Here Gold valuators will be there to check the gold and upon gold kept 80%of the amount that
they have applied will be provided. Here up to Rs.2, 50,000 loans will be provided.

Mortgage Loan

Here loans will be provided on buildings, Agriculture, Lands etc. For one person up to Rs. 15,
00, 000 loans will be provided.

Cash Credit Loan

This loan is generally for business people. Here for one person up to Rs.600, 000 loans will be

Vehicle Loan

Here for one person up to Rs. 25, 00, 000 loans will be provided.

Salary Loan

Here up to Rs.2, 00,000 loans will be provided.

Other Deposit Loans

Here 80% of the loan will be provided on the things they have kept.



 Deposits taken

 Loan Given


 Income Tax

Organization Chart or society Chart

Cheif Executive

Brach Manager

Senior Accountant


Junior Accountant