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INDIAN BANKING HISTORY NOTES FOR IBPS 2013

Written By Unknown on Thursday, March 15, 2012 | 3:30 PM

Facts of Banking System in India

Who is the first, the oldest, the largest, the biggest Bank in India, get all such types of information about Banking Industries in India in this section.

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 Swiss 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.
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