Investment
in India - Banking System
Banking System - Introduction
History
of Banking in India | Nationalisation
of Banks in India | Scheduled
Commercial Banks in India
Introduction
The banking section will navigate
through all the aspects of the Banking System in India. It will discuss
upon the matters with the birth of the banking concept in the country to
new players adding their names in the industry in coming few years.
The banker of all banks, Reserve Bank of India (RBI), the Indian Banks
Association (IBA) and top 20 banks like IDBI, HSBC, ICICI, ABN AMRO,
etc. has been well defined under three separate heads with one page
dedicated to each bank.
However, in the introduction part of the entire banking cosmos, the
past has been well explained under three different heads namely:
- History of Banking in India
- Nationalisation of Banks in India
- Scheduled Commercial Banks in India
The first deals with the history
part since the dawn of banking system in India. Government took major
step in the 1969 to put the banking sector into systems and it
nationalised 14 private banks in the mentioned year. This has been
elaborated in Nationalisationof Banks in India. The last but not the
least explains about the scheduled and unscheduled banks in India.
Section 42 (6) (a) of RBI Act 1934 lays down the condition of scheduled
commercial banks. The description along with a list of scheduled
commercial banks are given on this page.
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