Today let me going to discuss

about banking to you……

Hello friends……..

Hope u all are fine…….

First We are going to see……..

What is banking….????

Introduction of a bank

Finance is the life blood of trade, commerce & industry.

Now a days…… Banking sector acts as the backbone of modern business. Development of any country mainly depends on banking system.

The term bank is a either derived from old italian word ‘banca’ or from a french word ‘banque’ both mean a bench or money exchange table.

According to oxford dictionary,

“An establishment for custody of money, which it pays out on customer’s order.”

DEFINITION OF A BANK

In general terms…..

A bank is financial institution which deals with deposites & advances & other related services.

It receives money from those who want to save in the form of deposites and it lends money to those who need it…..

Now we will looked to… CHARACTERISTICS OF A BANK….

CHARACTERISTICS OF A BANK

Dealing in money

Acceptance of deposits

Payment and withdraws money

Individual or companies

Various branches 

CHARACTERISTICS OF A BANK

Function increasing rapidly

Business in banking sector

Identification

Facilities of advance money

There are various functions of a bank……

Two main functions

Primary functions

Secondary functions

PRIMARY FUNCTIONS

Accepting deposites

Granting advances

OverdraftCash creditLoansDiscounting of bills

Fixed depositesSavings depositesCurrent depositesRecurring deposites

SECONDARY FUNCTIONS

Agency functions

Utility functions

•Drafts•Lockers•Underwriting•Project reports•Social welfare programmes•Other utility functions

Transfer of fundsPeriodic paymentsCollection of chequePortfolio managementPeriodic collectionsOther agency functions

Let us one sight to..…….

HISTORY OF A BANK

The concept of banking was first introduced in medieval florence in 1397.

Banking continued to gain popularity throughout Europe by 1700.

HISTORY Of A BANK

“A banking company which transacts the business of banking in India.”

“Accepting, for thepurpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable, by cheque, draft, and order orotherwise.”

HISTORY OF A BANK

Section 5(b) of the BR Act defines banking as,

Banking Regulation Act, 1949, Section 5(c),

Establishment of Reserve Bank of India (1935)

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 reserve bank of India is regulating and controlling over all commercial banks of India so it is also known as bank of banks……

The headquarter of RBI is in Mumbai…..

Formation of "The State Bank of India"

The State Bank of India was constituted on 1 July 1955 placed imperial bank of india……

SBI is the largest nationalised bank in india……

NATIONALISATION OF COMMERCIAL BANKS……..

14 Public sector banks were nationalized in the year 1969….

When the prime minister of india was…. Mrs. Indira gandhi….. which are as under……

1. Allahabad bank2. Bank of baroda3. Bank of india4. Bank of maharashtra5. Canara bank6. Central bank of india7. Syndicate bank

8. Uco bank9. United bank of india10. Union bank11. Punjab national bank12. Indian overseas bank13. Indian bank14. Dena bank

In 1980, 6 more banks were nationalised……

15. Andhra bank16. Corporation bank17. Punjab & sind bank18. Vijaya bank19. Oriental bank of commerce20. UTI bank

There are Various types of banks……..

Types of banks

Savings banksCommercial banksIndustrial development banksLand development banksIndigenous banks (native banks)

Mortgage banksSpare banksFaderal or national banksExchange banksConsumer banks

 What are the different channels of Banking you use in your daily life ?

Branch is a banking centre or financial centre is a retail location, where a bank or financial institution offers a wide array of face-to-face service to its customers.

BRANCH

ATM

ATM is a computerized telecommunications device that provides a financial institution's for customers. A method of financial transactions in a public space without the need for a human clerk or bank teller.

Mail is part of the postal system where in written documents typically enclosed in envelopes & also small packages containing other matter are delivered to destinations around the world. This can be used to deposit cheques and to send orders to the bank to pay money to third parties. Banks also normally use mail to deliver periodic account statements to customers.

Mail

Telephone banking

Telephone banking is a service provided by a financial institution which allows its customers to perform transactions over the telephone. This normallyincludes bill payments for bills from major billers (e.g. for electricity).

Online banking is a term used for performing transactions, payments etc. over the Internet through a bank, credit union or building society's secure website.

Online banking

Thus,Banking is a very useful system in today’s business world….

GOOD BYE…

PREPARED BY

MAYURI MAKWANA T.Y. B.COM