Wen-Chih Lee, Anyonya R Guntur, Fanxin Long and Clifford J Rosen Endocrine Reviews Endocrine Society Submitted: March 16, 2017 Accepted: April 25, 2017 First Online: May 01, 2017 Advance Articles are PDF versions of manuscripts that have been peer reviewed and accepted but not yet copyedited. They are Anyonya Dampatyam, Pillalni Pratibhavantuluga Penchadamela?, and Premanubhavam. They will be packed with an excellent gift wrapper and sent through a special courier to the venue of marriage or to the house of bride/bridegroom as you advise. This gift pack also carries your personalized greeting card to the new couple with your name.
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Banking structure in India starts with RBI. As of now 26 public sector banks in India out of which 21 are Nationalised banks and 5 are State Bank of India and its associate banks.
Reserve Bank of India (RBI)
RBI is supreme monetary & banking authority in country & controls banking system in India. It is called Reserve Bank’ as it keeps reserves of all commercial banks.
There are 2 types of Banks in India:
Schedule Banks
Non-Schedule Banks
Schedule & Non-Schedule Banks
Scheduled bank is bank that is listed under 2nd schedule of RBI Act, 1934.
In order to be included under this schedule of RBI Act, banks have to fulfil certain conditions such as having paid up capital & reserves of at least 0.5 million & satisfying Reserve Bank that its affairs are not being conducted in manner prejudicial to interests of its depositors.
Scheduled banks are classified into
Commercial
Cooperative banks
Non- scheduled banks are those which are not included in 2nd schedule of RBI Act, 1934. At present these are only 3 such banks in country.
Commercial Banks
- Commercial banks defined as, any banking organization that deals w/deposits & loans of business organizations.
- Commercial banks issue bank checks & drafts, as well as accept money on term deposits.
- Commercial banks act as moneylenders, by way of instalment loans and overdrafts.
- Commercial banks allow for variety of deposit accounts, such as checking, savings, & time deposit. These institutions are run to make profit & owned by group of individuals.
Scheduled Commercial Banks (SCBs)
- Scheduled commercial banks (SCBs) account for major proportion of business of scheduled banks.
- SCBs in India are categorized into 5 groups based on their ownership & their nature of operations.
- State Bank of India and its 6 associates (excluding State Bank of Saurashtra, which is merged w/SBI w/effect from 13th August, 2008) are recognised as separate category of SCBs, because of distinct statutes (SBI Act, 1955 & SBI Subsidiary Banks Act, 1959) that govern them.
- Nationalised banks & SBI & associates together form public sector banks group IDBI ltd. is included in nationalised banks group since December 2004.
- Private sector banks include old private sector banks & new generation private sector banks- incorporated according to revised guidelines issued by RBI regarding entry of private sector banks in 1993.
- Foreign banks are present in country either thru complete branch/subsidiary route presence or thru their representative offices.
Types of Scheduled Commercial Banks
Public Sector Banks
- Banks where majority stake is held by GoI.
- Examples: SBI, Bank of India, Canara Bank, etc.
Private Sector Banks
- Banks majority of share capital of bank is held by private individuals. These banks are registered as companies w/limited liability.
- Examples: ICICI Bank, Axis bank, HDFC, etc.
Foreign Banks
- Banks are registered & have their headquarters in foreign country but operate their branches in our country.
- Examples: HSBC, Citibank, Standard Chartered Bank, etc
Regional Rural Banks
- Banks were established under provisions of Ordinance promulgated on 26th September 1975 & RRB Act, 1976 w/objective to ensure sufficient institutional credit for agriculture & other rural sectors.
- Area of operation of RRBs is limited to area as notified by GoI covering one or more districts in State.
- RRBs are jointly owned by GoI, concerned State Govt. & Sponsor Banks (27 scheduled commercial banks & one State Cooperative Bank); issued capital of RRB is shared by owners in proportion of 50%, 15% & 35 % respectively.
- Prathama bank is 1st Regional Rural Bank in India located in city Moradabad in UP.
Cooperative Banks
- Co-operative bank is financial entity which belongs to its members, who are at same time owners & customers of their bank.
- Co-operative banks are often created by persons belonging to same local or professional community or sharing common interest.
- Co-operative banks generally provide their members w/wide range of banking & financial services (loans, deposits, banking accounts, etc. ).
- They provide limited banking products & are specialists in agriculture-related products.
- Cooperative banks are primary financiers of agricultural activities, some small-scale industries & self-employed workers.
- Co-operative banks function on basis of “no-profit no-loss”.
- Anyonya Co-operative Bank Limited (ACBL) is 1st co-operative bank in India located in city of Vadodara in Gujarat.
Co-operative banking structure in India is divided into main 5 categories:
Primary Urban Co-op Banks
Primary Agricultural Credit Societies
District Central Co-op Banks
State Co-operative Banks
Land Development Banks
- Published/Last Modified on: August 15, 2018
-Examrace Team
()
Banking structure in India starts with RBI. As of now 26 public sector banks in India out of which 21 are Nationalised banks and 5 are State Bank of India and its associate banks.
Reserve Bank of India (RBI)
RBI is supreme monetary & banking authority in country & controls banking system in India. It is called Reserve Bank’ as it keeps reserves of all commercial banks.
There are 2 types of Banks in India:
Schedule Banks
Non-Schedule Banks
Schedule & Non-Schedule Banks
Scheduled bank is bank that is listed under 2nd schedule of RBI Act, 1934.
In order to be included under this schedule of RBI Act, banks have to fulfil certain conditions such as having paid up capital & reserves of at least 0.5 million & satisfying Reserve Bank that its affairs are not being conducted in manner prejudicial to interests of its depositors.
Scheduled banks are classified into
Commercial
Cooperative banks
Non- scheduled banks are those which are not included in 2nd schedule of RBI Act, 1934. At present these are only 3 such banks in country.
Commercial Banks
- Commercial banks defined as, any banking organization that deals w/deposits & loans of business organizations.
- Commercial banks issue bank checks & drafts, as well as accept money on term deposits.
- Commercial banks act as moneylenders, by way of instalment loans and overdrafts.
- Commercial banks allow for variety of deposit accounts, such as checking, savings, & time deposit. These institutions are run to make profit & owned by group of individuals.
Scheduled Commercial Banks (SCBs)
- Scheduled commercial banks (SCBs) account for major proportion of business of scheduled banks.
- SCBs in India are categorized into 5 groups based on their ownership & their nature of operations.
- State Bank of India and its 6 associates (excluding State Bank of Saurashtra, which is merged w/SBI w/effect from 13th August, 2008) are recognised as separate category of SCBs, because of distinct statutes (SBI Act, 1955 & SBI Subsidiary Banks Act, 1959) that govern them.
- Nationalised banks & SBI & associates together form public sector banks group IDBI ltd. is included in nationalised banks group since December 2004.
- Private sector banks include old private sector banks & new generation private sector banks- incorporated according to revised guidelines issued by RBI regarding entry of private sector banks in 1993.
- Foreign banks are present in country either thru complete branch/subsidiary route presence or thru their representative offices.
Types of Scheduled Commercial Banks
Public Sector Banks
- Banks where majority stake is held by GoI.
- Examples: SBI, Bank of India, Canara Bank, etc.
Private Sector Banks
- Banks majority of share capital of bank is held by private individuals. These banks are registered as companies w/limited liability.
- Examples: ICICI Bank, Axis bank, HDFC, etc.
Foreign Banks
- Banks are registered & have their headquarters in foreign country but operate their branches in our country.
- Examples: HSBC, Citibank, Standard Chartered Bank, etc
Regional Rural Banks
- Banks were established under provisions of Ordinance promulgated on 26th September 1975 & RRB Act, 1976 w/objective to ensure sufficient institutional credit for agriculture & other rural sectors.
- Area of operation of RRBs is limited to area as notified by GoI covering one or more districts in State.
- RRBs are jointly owned by GoI, concerned State Govt. & Sponsor Banks (27 scheduled commercial banks & one State Cooperative Bank); issued capital of RRB is shared by owners in proportion of 50%, 15% & 35 % respectively.
- Prathama bank is 1st Regional Rural Bank in India located in city Moradabad in UP.
Cooperative Banks
- Co-operative bank is financial entity which belongs to its members, who are at same time owners & customers of their bank.
- Co-operative banks are often created by persons belonging to same local or professional community or sharing common interest.
- Co-operative banks generally provide their members w/wide range of banking & financial services (loans, deposits, banking accounts, etc. ).
- They provide limited banking products & are specialists in agriculture-related products.
- Cooperative banks are primary financiers of agricultural activities, some small-scale industries & self-employed workers.
- Co-operative banks function on basis of “no-profit no-loss”.
- Anyonya Co-operative Bank Limited (ACBL) is 1st co-operative bank in India located in city of Vadodara in Gujarat.
Co-operative banking structure in India is divided into main 5 categories:
Primary Urban Co-op Banks
Primary Agricultural Credit Societies
District Central Co-op Banks
State Co-operative Banks
Land Development Banks
- Published/Last Modified on: August 15, 2018
-Examrace Team