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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