COMMERCIAL BANKS Prepared by: sumit singh 12DF001

INTRODUCTION  Role in economic development  Developing financial intermediaries and markets

Evolution of commercial banks in India  The Bank of Bengal (established in 1809)  The Bank of Bombay (established in 1840)  The Bank of Madras (established in 1843)  the Allahabad Bank (In 1865)  Punjab National Bank (in1895) Bank of India, Central Bank of India, Bank of Baroda, Canara Bank, Indian Bank, and Bank of Mysore (Between 1906 and 1913)

Banking Structure in India BANKS IN INDIA COMMERCIAL BANKS RESERVE BANK OF INDIA PUBLIC SECTOR BANK PRIVATE SECTOR BANK FOREIGN BANKS IN INDIA REGIONAL RULAR BANKS NATIONALIZED BANKS STATE BANK OF INDIA & ITS ASSOCIATES

Banks in India  The Reserve Bank of India (RBI)  Public Sector Banks  Private Sector Banks  Foreign Banks  Regional Rural Banks  SBI & Associates  Nationalised Banks

Functions of Commercial Banks (i)Payment System (ii) Financial Intermediation (iii) Financial Services

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