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1、FINA0501 ASIAN FINANCIAL INSTITUTIONS Report on overview of Indian banking sector 1 Introduction This report aims to provide an overview of banking sector in India for the purpose of expansion planning.The overview will be broadly divided into two parts:Indian Banking system and Bank-like financial
2、institutions.For each type of banking institutions,a brief introduction,some recent statistics and corresponding functions will be included.The outline of this report is as follows:1.Indian Banking system 1.1 Central Bank Reserve Bank of India(RBI)1.2 Commercial Banks Public sector Banks Private Ban
3、ks Foreign Banks 1.3 Co-operative Banks Primary Credit Societies Central Co-operative Banks State Co-operative Banks 1.4 Regional Rural Banks 1.5 Development Banks 1.6 Specialized Banks Export Import Bank of India Small Industries Development Bank of India National Bank for Agricultural and Rural De
4、velopment 2.Indian Bank-like financial institutions 2.1 Microfinance institutions 2.2 Development financial institutions 1.Indian Banking system Reserve bank of India,commercial banks,co-operative banks and regional rural banks broadly make up the banking system in India.There are two more types of
5、banks,namely development banks and specialized banks for some particular purposes.FINA0501 ASIAN FINANCIAL INSTITUTIONS Report on overview of Indian banking sector 4 Reserve Bank of India.Currently,there are 68 co-operatives banks in India.There are three types of co-operatives banks with different
6、functions:1.Primary Credit Societies:Primary Credit Societies are formed at the village or town level with borrower and non-borrower members residing in one locality.The operations of each society are restricted to a small area so that the members know each other and are able to watch over the activ
7、ities of all members to prevent frauds.2.Central Co-operative Banks:Central co-operative banks operate at the district level having some of the primary credit societies belonging to the same district as their members.These banks provide loans to their members(i.e.,primary credit societies)and functi
8、on as a link between the primary credit societies and state co-operative banks.3.State Co-operative Banks:These are the highest level co-operative banks in all the states of the country.They mobilize funds and help in its proper channelisation among various sectors.The money reaches the individual b
9、orrowers from the state co-operative banks through the central co-operative banks and the primary credit societies.1.4 Regional rural Banks The regional rural banks are banks set up to increase the flow of credit to smaller borrowers in the rural areas.These banks were established on realizing that
10、the benefits of the co-operative banking system were not reaching all the farmers in rural areas.Currently,there are 196 regional rural banks in India.Regional rural banks perform the following two functions:1.Granting of loans and advances to small and marginal farmers,agricultural workers,co-opera
11、tive societies including agricultural marketing societies and primary agricultural credit societies for agricultural purposes or agricultural operations or related purposes.2.Granting of loans and advances to artisans small entrepreneurs engaged in trade,commerce or industry or other productive acti
12、vities.FINA0501 ASIAN FINANCIAL INSTITUTIONS Report on overview of Indian banking sector 5 1.5 Development Banks Development Banks are banks that provide financial assistance to business that requires medium and long-term capital for purchase of machinery and equipment,for using latest technology,or
13、 for expansion and modernization.These banks also undertake other development measures like subscribing to the shares and debentures issued by companies,in case of under subscription of the issue by the public 1.6 Specialized Banks In India,there are some specialized banks,which cater to the require
14、ments and provide overall support for setting up business in specific areas of activity.They engage themselves in some specific area or activity and thus,are called specialized banks.There are three important types of specialized banks with different functions:1.Export Import Bank of India(EXIM Bank
15、):This specialized bank grants loans to exporters and importers and also provides information about the international market.It also gives guidance about the opportunities for export or import,the risks involved in it and the competition to be faced,etc.2.Small Industries Development Bank of India T
16、his specialized bank grant loan to those who want to establish a small-scale business unit or industry.It also finances modernization of small-scale industrial units,use of new technology and market activities.The aim and focus of SIDBI is to promote,finance and develop small-scale industries.3.Nati
17、onal Bank for Agricultural and Rural Development This specialized bank is a central or apex institution for financing agricultural and rural sectors.It can provide credit,both short-term and long-term,through regional rural banks.It provides financial assistance,especially,to co-operative credit,in
18、the field of agriculture,small-scale industries,cottage and village industries handicrafts and allied economic activities in rural areas FINA0501 ASIAN FINANCIAL INSTITUTIONS Report on overview of Indian banking sector 6 2 Indian Bank-like financial institutions In India,there are some Bank-like fin
19、ancial institutions that provide financial services.There are two types that are important to the development on India:2.1 Microfinance Institutions Microfinance Institutions are Bank-like financial institutions that providing financial services,such as microcredit,microsavings or microinsurance to
20、poor people.In addition,they also perform the following important functions:1.provide financing facilities,with or without collateral security,in cash or in kind,for such terms and subject to such conditions as may be prescribed,to poor persons for all types of economic activities including housing,
21、but excluding business in foreign exchange transactions 2.to buy,sell and supply on credit to poor persons industrial and agricultural inputs,livestock,machinery and industrial raw materials 3.to provide professional advice to poor persons regarding investments in small business and such cottage ind
22、ustries as may be prescribed;2.2 Development financial institutions(DFIs)DFIs are specialized financial institutions the Government established to promote investments in the manufacturing and agricultural sectors.Their functions include:1.extending financial assistance in the form of medium-and long
23、-term loans,participating in equity capital,underwriting and wherever relevant,acting as issuing house for public shares issues and providing guarantees for loans 2.specialize in medium-and long-term financing in addition to supplying financial services not normally provided by commercial banks and
24、finance companies 3.In addition,they help in identifying new projects,participate in their promotion,and where appropriate,provide ancillary financial,technical and managerial advice Conclusion To conclude,the banking sector in India is robust and its standards are broadly in conformity with interna
25、tional standards,therefore India can be considered under the expansion plan.FINA0501 ASIAN FINANCIAL INSTITUTIONS Report on overview of Indian banking sector 7 Appendix Diagrams summarize the banking system in India FINA0501 ASIAN FINANCIAL INSTITUTIONS Report on overview of Indian banking sector 8 Bibliography:i)http:/ ii) iii)www.bankreport.rbi.org.in iv) v).tw/chinese/rnc41934-banking-sector.html vi) vii) ix)http:/ x) xi) xii)http:/explore.oneindia.in/finance/banks xiii) xiv)http:/en.wikipedia.org/wiki/Banking_in_India
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