Thursday, January 2, 2014

Type of Banks & List of Banks in India



RBI (Reserve Bank of India)

The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated.Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of  India.
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SCHEDULED BANK

All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are scheduled banks.These banks comprise Scheduled Commercial Banks and Scheduled Cooperative Banks. The type of banks comes under these Scheduled Commercial Banks and Scheduled Cooperative Banks can be seen in the above figure.A ll most all banks are Scheduled banks in India.


COMMERCIAL BANKS
The main function of these types of banks is to give financial services to the entrepreneurs and businesses. It gives financial to the businessmen like providing them with debit cards, banks accounts, short term deposits, etc. with the money deposited by people in such banks. The commercial banks also lend money to these businessmen in the form of secured loans, unsecured loans, credit cards, overdrafts and mortgage loans. It got the tag of a nationalized bank in the year 1969 and hence the various policies regarding the loans, rates of interest, etc are controlled by the Reserve Banks of India.

Public Sector Banks
These type of banks are operated by the Government. Their main focus is to serve the people rather earn profits. State bank of India, Punjab National bank, State bank of Patiala, Allahabad Bank, etc. are the some of the important examples of Public sector bank.



LIST OF PUBLIC SECTOR BANKS / NATIONALISED BANKS
I

1
Allahabad Bank
2
Andhra Bank
3
Bank of Baroda
4
Bank of India
5
Bank of Maharashtra
6
Canara Bank
7
Central Bank of India
8
Corporation Bank
9
Dena Bank
10
Indian Bank
11
Indian Overseas Bank
12
Oriental Bank of Commerce
13
Punjab & Sind  Bank
14
Punjab National Bank 
15
Syndicate Bank
16
UCO Bank
17
Union Bank of India
18
United Bank of India
19
Vijaya Bank

TOTAL OF 19 NATIONALISED BANKS
II
State Bank of India (SBI) 
III
ASSOCIATES OF SBI
1
State Bank of Bikaner & Jaipur
2
State Bank of Hyderabad
3
State Bank of Mysore
4
State Bank of Patiala
5
State Bank of Travancore

TOTAL OF 5 ASSOCIATES [ III ]

TOTAL OF STATE BANK GROUP [II + III]

Other Public Sector Bank
IV
IDBI Ltd.

TOTAL OF 26 PUBLIC SECTOR BANKS [I+II+III+IV ]

Private Sector Banks
These banks are owned and operated by the private institutes and are controlled by the market forces. The greater share of the private sector banks is held by private players and not the government. Some good example of Private sector banks are Kotak Mahindra bank, ICICI Bank, HDFC Bank, Axis Bank, etc.
LIST OF PRIVATE SECTOR BANKS
1
City Union Bank Ltd.
2
ING Vysya Bank Ltd.
3
SBI Commercial & International Bank Ltd.
4
Tamilnad Mercantile Bank Ltd.
5
The Catholic Syrian Bank Ltd.
6
Dhanlaxmi Bank Ltd
7
The Federal Bank Ltd.
8
The Jammu & Kashmir Bank Ltd.
9
The Karnataka Bank Ltd.
10
The Karur Vysya Bank Ltd.
11
The Lakshmi Vilas Bank Ltd.
12
Nainital Bank Ltd.
13
The Ratnakar Bank Ltd.
14
The South Indian Bank Ltd.
I
TOTAL OF 14  PVT BANKS [I]
II
NEW PRIVATE SECTOR BANKS
15
Axis Bank Ltd.
16
Development Credit Bank Ltd.
17
HDFC Bank Ltd.
18
ICICI Bank Ltd.
19
Indusind Bank Ltd.
20
Kotak Mahindra Bank Ltd.
21
YES Bank
II
TOTAL OF 7 NEW PVT BANKS [II]
III
TOTAL OF 21  PVT BANKS [I+II]
 

Foreign banks
These banks have Head Office outside India and branch in India, Besides, the Reserve Bank of India (hereinafter referred to as RBI) acts as the central bank of the country. RBI is responsible for development and supervision of the constituents of the Indian financial system (which comprises banks and non-banking financial institutions) as well as for determining, in conjunction with the central Government, the monetary and credit policies. They are also controlled by RBI.

 LIST OF FOREIGN BANKS

1
AB Bank Limited
2
Abu Dhabi Commercial Bank Limited
3
American Express Banking Corporation
4
Antwerp Diamond Bank N.V.
5
Australia & New Zealand Banking Group Limited
6
Bank Internasional Indonesia
7
Bank of America NA
8
Bank of Bahrain and Kuwait  B.S.C.
9
Bank of Ceylon
10
Barclays Bank PLC
11
BNP Paribas
12
Chinatrust Commercial Bank
13
Citibank N.A.
14
Commonwealth Bank of Australia
15
Credit Agricole Corporate & Investment Bank
16
Credit Suisse AG
17
DBS Bank Ltd.
18
Deutsche Bank AG
19
FirstRand Bank Ltd.
20
HSBC Bank Oman S.A.O.G.
21
Industrial & Commercial Bank of China Limited
22
JPMorgan Chase Bank
23
JSC VTB Bank
24
Krung Thai Bank Public Company Ltd.
25
Mashreqbank psc
26
MIZUHO Corporate Bank Ltd.
27
National Australia Bank Ltd.
28
Rabobank International
29
Sberbank
30
Shinhan Bank
31
Societe Generale
32
Sonali Bank Ltd.
33
Standard Chartered Bank
34
State Bank of Mauritius Ltd.
35
Sumitomo Mitsui Banking Corporation
36
The Bank of Nova Scotia
37
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
38
The Hongkong and Shanghai Banking Corpn.Ltd.
39
The Royal Bank of Scotland
40
UBS AG
41
United Overseas Bank Ltd.
42
Westpac Banking Corporation
43
Woori Bank

COOPERATIVE BANKS
Cooperative Banks are governed by the provisions of State Cooperative Societies Act and meant essentially for providing cheap credit to their members. It is an important source of rural credit i.e., agricultural financing in India.

Regional Rural Banks
These are state owned. These banks have been established with a view to developing the rural economy by providing, for the purpose of development of agriculture, trade, commerce, industry and other productive activities in the rural areas, credit and other facilities, particularly to the small and marginal farmers, agricultural labourers and artisans and small entrepreneurs.

Primary Cooperative Banks
Primary Cooperative Banks, popularly know n as Urban Cooperative Banks (UCBs) are registered as cooperative societies under the provisions of, either the State Cooperative Societies Actof the State concerned or the Multi State Cooperative Societies Act, 2002. They are regulated and supervised by the Registrar of Cooperative Societies (RCS) of State concerned or by the Central Registrar of Cooperative Societies (CRCS), as the case may be. The applicability of banking laws to cooperatives societies since March 1, 1966 ushered in ‘duality of control’ over UCBs between the Registrar of Cooperative Societies/Central Registrar of Cooperative Societies and the Reserve Bank of India. The Reserve Bank regulates and supervises the banking functions of UCBs under the provisions of Banking regulation Act, 1949(AACS). Within the Reserve Bank, a separate department,viz. Urban Banks Department, has been entrusted with these functions. Urban Banks Department functions in close coordination with other regulators viz., RCSs and CRCS. The functions of the department can be broadly divided into (i) regulatory (ii) supervisory and (iii) developmental.


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