INTRODUCTION

FAMOUS BANKS IN INDIA

MARKET SHARE OF VARIOUS BANKS IN INDIA
RBI AND ITS FUNCTIONS
INVESTMENT IN BANKING SECTOR OF INDIA
GOVERNMENT INITIATIVES
ROAD AHEAD FOR THE BANKING SECTOR IN INDIA
RECENT TRENDS IN BANKING SECTOR
REGULATION
CONCLUSION
Banking in India, in the modern sense, originated in the last
decades of the 18th century. Among the first banks were
the Bank of Hindustan, which was established in 1770 and
liquidated in 182932 and the General Bank of India,
established in 1786 but failed in 1791.

The largest bank, and the oldest still in existence, is the

State Bank of India (S.B.I). It originated as the Bank of
Calcutta in June 1806. In 1809, it was renamed as the Bank
of Bengal. This was one of the three banks funded by a
presidency government, the other two were the Bank of
Bombay in 1840 and the Bank of Madras in 1843. The three
banks were merged in 1921 to form the Imperial Bank of
India, which upon India's independence, became the State
Bank of India in 1955. For many years the presidency banks
had acted as quasi-central banks, as did their successors,
until the Reserve Bank of India was established in 1935,
under the Reserve Bank of India Act, 1934.
 The Reserve Bank of India (RBI) is India's central banking
institution, which controls the monetary policy of the Indian
rupee. It commenced its operations on 1 April 1935 during
the British Rule in accordance with the provisions of the
Reserve Bank of India Act, 1934. The original share capital
was divided into shares of 100 each fully paid, which were
initially owned entirely by private shareholders. Following
India's independence on 15 August 1947, the RBI was
nationalised on 1 January 1949.The RBI plays an important
part in the Development Strategy of the Government of
India. It is a member bank of the Asian Clearing Union. The
general superintendence and direction of the RBI is entrusted
with the 21-member Central Board of Directors: the
Governor, 4 Deputy Governors, 2 Finance Ministry
representatives, 10 government-nominated directors to
represent important elements of India's economy, and 4
directors to represent local boards headquartered at
Mumbai, Kolkata, Chennai and New Delhi. Each of these local
 Regulator and supervisor of the financial
system

The institution is also the regulator and supervisor of the

financial system and prescribes broad parameters of banking
operations within which the country's banking and financial
system functions. Its objectives are to maintain public
confidence in the system, protect depositors' interest and
provide cost-effective banking services to the public. The
Banking Ombudsman Scheme has been formulated by the
Reserve Bank of India (RBI) for effective addressing of
complaints by bank customers. The RBI controls the monetary
supply, monitors economic indicators like the gross domestic
product and has to decide the design of the rupee banknotes
as well as coins
 The bank issues and exchanges currency notes and coins and
destroys the same when they are not fit for circulation. The
objectives are to issue bank notes and give public adequate
supply of the same, to maintain the currency and credit system
of the country to utilize it in its best advantage, and to
maintain the reserves. RBI maintains the economic structure of
the country so that it can achieve the objective of price
stability as well as economic development because both
objectives are diverse in the the Security Printing and Minting
Corporation of India Limited (SPMCIL), a wholly owned
company of the Government of India, has set up printing
presses at Nashik, Maharashtra and Dews, Madhya Pradesh. The
Bhartiya Reserve Bank Note Mudra Private Limited (BRBNMPL),
also has set up printing presses in Mysore in Karnataka and
Salona in West Bengal.
 PAYMENT BANK
SMALL FINANCE BANK
FINTECH COMPANIES
 LOAN WAIVING
PRADHAN MANTRI JAN DHAN YOJANA
MUDRA
LINKING OF AADHAAR CARD
 . The Indian economy is on the brink of a major
transformation with several policy initiatives set to be
implemented shortly. Positive business sentiments,
improved customer confidence, controlled inflation are
likely to prop up the countrys economic growth.
Enhanced spending on infrastructure, speedy
implementation of projects and continuation of reforms are
expected to provide further impetus to growth
These factors suggest that Indias banking sector is poised
for robust growth as the rapidly growing business would turn
to banks for credit needs
 Due to recent advancements in technology, internet banking and
mobile banking services have come to the fore. The banking sector
is laying greater emphasis on providing improved services to their
clients and also upgrading their technology infrastructure in order
to enhance customers overall experience.
HDFC bank, ICICI bank, AXIS bank are exploring to launch contact
less credit card and debit card slowly which will allow customers to
transact without having to insert or swipe.
The indian banking industry is worth rs. 81 trillion and the banks
are now utilizing the latest technologies like internet and mobile
devices to carry out transactions and communicate with the
masses.
 E-CHEQUES
RTGS
NEFT
ECS
INTERNET BANKING
Some of the recent regulation in the banking sector are-
NEW BANKRUPTCY LAW
NEW KYC NORMS
CAPITAL REQUIREMENT OF COMMERCIAL BANKS
The Indian banking industry is growing rapidly. It has the
potential to become the 5th largest banking industry in the
world by 2020 and 3rd largest by 2025 according to KPMG-CII
report .
The banks are using latest technologies like internet and
mobile devices to carry out transactions.
The indian banking industry consists of 26 public sector banks,
20 private sector banks and 43 foreign banks along with 61
regional rural banks more than 90,000 credit cooperatives.