Types of Commercial Banks in India

Apex Banking Institutions

Reserve Bank of India (RBI) Industrial Development Bank of India (IDBI) National Bank for Agriculture and Rural Development(NABARD) Export-Import Bank of India(EXIM Bank)

Banking Institutions

Commercial Banks Regional Rural Bank Co-operative Banks Land Development Banks Industrial Development Banks

Types of Commercial Banks

Foreign Commercial Banks Indian Commercial Banks--a) Public Sector Banks b) Private Sector Banks Public Sector Banks * a)State Bank Group(1+7) b) Nationalized Banks(14+6) State Bank Group----State Bank of India Subsidiary Banks

Types of Co-operative Banks

State Co-operative Banks

Central District Co-operative Banks Primary Credit Societies

Types of Land Development Banks

State Land Development Bank

Primary Land Development Banks

Types of Industrial Development Banks.

All India--IFCI, ICICI*, IDBI*, IRCI(since liquidated)

State level--SFCs----State Financial Corporation SIDCsState Industrial Dev. Corporation.

Banks Role, Services & Products.

Intermediary Role: Deposit------Current Accounts Savings Accounts Term Deposits Recurring Deposits

Loan
a) Retail Loans Housing or Mortgage Loans Vehicle Loans Consumer Durable Loans Personal Loans Loan against shares Loans against fixed deposits Personal Overdrafts Credit CardsThis is hybrid products and predominantly a payment product.

b) Business Credit Long Term- i) Term Loans ii)Leasing/Hire Purchase Short Term- Working Capital facilities i) Overdraft ii) Cash credit iii) Packing credit/Postshipment credit iv) Demand Loan/Line of credit. v) Business card or Credit Card for business transactions.

c) Trade Finance
Cheque Purchase Bill Purchase/Bill Discount/Bill Negotiation Letter of credit(LC) Letter of Guarantee(LG)

Payment System Constituent: (A) Payment and RemittanceCheque Payorder/Bankers Cheque Demand Draft Multi City Cheque(Any where Banking) Electronic Fund Transfer Debit Card Credit Card Charge Card Travel Card

(B)Collection
Transfer Local clearing Electronic Clearing System(ECS )* Cheque Collection National Clearing CMS-Cash Management Services Bill Collection ( C ) Forex Foreign Exchange

Financial Services

A) Distribution: Mutual Funds Insurance Products Government Bonds Stamp Paper Gold Coins Mobil Recharge Share of Companies(Public Issue) B) Collection: Taxes Utility Bills

C) De MAT De MAT Share Account D) Safe Keeping Safe Deposit Locker Safe Custody E) Advisory* Investment Advice

Banking Channels
1-Branches 2-ATMs- 1st offsite ATM in 1996 Service available 24x7(convenience) Cost of providing services is less than the cost of maintaining a branch(cost effectiveness) 3- Other alternative channels(non-branch) arePOS (Point of Sales) Phone Banking Internet Banking Mobile Banking(SMS) Home Banking- delivery of cash and Draft/collection of cheques(HNI)

Banking services are becoming more innovative. With more new generation Bank coming into fray the competition will be fierce and the Banks will try to offer cost-effective and convenient products and services to their customer.

Thank you..

Pranab Kumar
Bhuyan