Wednesday, November 28, 2012

Facts of Banking System in India


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Facts of Banking System in India
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The first bank in India to be given an ISO Certification 
-Canara Bank

The first bank in Northern India to get ISO 9002 certification for their selected branches-Punjab and Sind Bank

The first Indian bank to have been started solely with Indian capital-Punjab National Bank

The first among the private sector banks in Kerala to become a scheduled bank in 1946 under the RBI Act-South Indian Bank

India's oldest, largest and most successful commercial bank, offering the widest possible range of domestic, international and NRI products and services, through its vast network in India and overseas-State Bank of India

India's second largest private sector bank and is now the largest scheduled commercial bank in India-The Federal Bank Limited

Bank which started as private shareholders banks, mostly Europeans shareholders-Imperial Bank of India

The first Indian bank to open a branch outside India in London in 1946 and the first to open a branch in continental Europe at Paris in 1974-Bank of India, founded in 1906 in Mumbai

The oldest Public Sector Bank in India having branches all over India and serving the customers for the last 132 years-Allahabad Bank

The first Indian commercial bank which was wholly owned and managed by Indians-Central Bank of India

Bank of India was founded in 1906 in Mumbai. It became the first Indian bank to open a branch
outside India in London in 1946 and the first to open a branch in continental Europe at Paris in 1974.



The following are the list of Public Sector Banks in India

Allahabad Bank 
Andhra Bank 
Bank of Baroda 
Bank of India 
Bank of Maharashtra 
Canara Bank 
Central Bank of India 
Corporation Bank 
Dena Bank 
Indian Bank 
Indian Overseas Bank 
Oriental Bank of Commerce 
Punjab & Sind Bank 
Punjab National Bank 
Syndicate Bank 
UCO Bank 
Union Bank of India 
United Bank of India 
Vijaya Bank

List of Private Banks in India

Bank of Punjab 
Bank of Rajasthan 
Catholic Syrian Bank 
Centurion Bank 
City Union Bank 
Dhanalakshmi Bank 
Development Credit Bank 
Federal Bank 
HDFC Bank 
ICICI Bank 
IDBI Bank 
IndusInd Bank 
ING Vysya Bank 
Jammu & Kashmir Bank 
Karnataka Bank 
Karur Vysya Bank 
Laxmi Vilas Bank 
South Indian Bank 
United Western Bank 
UTI Bank

List of Foreign Banks in India 
ABN-AMRO Bank 
Abu Dhabi Commercial Bank 
Bank of Ceylon 
BNP Paribas Bank 
Citi Bank 
China Trust Commercial Bank 
Deutsche Bank 
HSBC 
JPMorgan Chase Bank 
Standard Chartered Bank 
Scotia Bank 
Taib Bank



Upcoming Foreign Banks In India

By 2009 few more names is going to be added in the list of foreign banks in India. This is as an aftermath of the sudden interest shown by Reserve Bank of India paving roadmap for foreign banks in India greater freedom in India. Among them is the world's best private bank by EuroMoney magazine, Switzerland's UBS.

The following are the list of foreign banks going to set up business in India

Royal Bank of Scotland 
Switzerland's UBS 
US-based GE Capital 
Credit Suisse Group 
Industrial and Commercial Bank of China 
Merrill Lynch is having a joint venture in Indian investment banking space -- DSP Merrill Lynch. Goldman Sachs holds stakes in Kotak Mahindra arms.

GE Capital is also having a wide presence in consumer finance through GE Capital India.

India's GDP is seen growing at a robust pace of around 7% over the next few years, throwing up opportunities for the banking sector to profit from


Facts of Banking System in India:

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