AN OVERVIEW of BANKING SYSTEM in INDIA * Mohd
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--- -··-- \ ---- I i I ! . ~ f I I ~ lI . f .. IN D l A IN 1922-23 A Statement prepared for presentation to Parliament iii accordance with the requirements of the 26th Section of the Government of India Act · (5 & 6 .Ceo. V, Cha~~ 61) .· • r < ' BY L. F. RUSHBROOK WILLIAMS All Sour. Collese O:ttlortl Director of Public Information Government of India I I I I I I CAWO'l'l:A SVl'ID.JNTINDIN'l' OOVIBNllENT PB1N1'IN01 DfDIA 1928 Agents for the Sale of Books Published by the Superintendent of Government Printing, India, Calcutta. IN EUROPE. '()onstable & Co., 10, Orange Street, Leicester W. Thacker & Co., 9, Oreed Lane, London, B.O. 1 Square, London, W.o. T. l'isher Unwin, Ltd., 1, Adelphi Terrace. Kegan Pa.'ll, Trench, Trftbner & Co., GS·f•, London, W.o. 0arter Lane, E.O., anll 811, New Oxfonl Wheldon and Wesley, Ltd., II, 8, and 4, .Aithlll' St.reet, London, W.0. ' Street, New Oxford S~ .• london, W, C. 2, Bast and West Ltd., 8, Victoria Street, london, ;serna.rd Qna.rltch, 11, Grafton Street, New S. W.l• .Bond Street, London, W. B. H. Blackwell, 60 & 51, Broad Street, 0 :dord. P. S. King & Sons, 9 & '• Great Smith Street, Westminster, London, S.W. Deighton, Bell & Co., Ltd., Cambridge. ·S:, S. King & Co., 66, CornhiD, D.O., and II, Pall OUver and Boyd, Tweedd.ale Conrt, Edinburgh, M.aU, London, W. B. l'onsonby, Ltd., 116, Grafton Street, Dublin. Grlndlav & Co., 64,, hrliament Street, London, Ernest Leroux, 118. :&ue lklnaparte, Parla. s.w. Martlnus Nljholf, The Hague, Holland. -
Influence of Merger on Performance of Indian Banks: a Case Study
Journal of Poverty, Investment and Development www.iiste.org ISSN 2422-846X An International Peer-reviewed Journal Vol.32, 2017 Influence of Merger on Performance of Indian Banks: A Case Study Gopal Chandra Mondal Research Scholar, Dept. of Economics, Vidyasagar University, India& Chief Financial Officer,IDFC Foundation,New Delhi, India Dr Mihir Kumar Pal Professor,Dept. Of Economics, Vidyasagar University, India Dr Sarbapriya Ray* Assistant Professor, Dept. of Commerce, Vivekananda College, Under University of Calcutta, Kolkata,India Abstract The study attempts to critically analyze and evaluate the impact of merger of Nedungadi bank and Punjab National Bank on their operating performance in terms of different financial parameters. Most of the financial indicators of Nedungadi bank and Punjab National Bank display significant improvement in their operational performance during post merger period. Therefore, the results of the study reveal that average financial ratios of sampled banks in Indian banking sector showed a remarkable and significant improvement in terms of liquidity, profitability, and stakeolders wealth. Keywords: Merger, India, Nedungadi bank, Punjab National Bank. 1. Introduction: Concept of merger and acquisition has become very trendy in present day situation, especially, after liberalization initiated in India since 1991. The emergent tendency towards mergers and acquisitions (M&As) world-wide, has been ignited by intensifying competition. Mergers and acquisitions have been taking place in corporate as well as banking sector to abolish financial, operation and managerial weakness as well as to augment growth and expansion , to create shareholders value, stimulate health of the organization with a view to confront challenges in the face of stiff competitive in globalized environment. -
Banking Laws in India
Course: CBIL-01 Banking Laws In India Vardhaman Mahaveer Open University, Kota 1 Course: CBIL-01 Banking Laws In India Vardhaman Mahaveer Open University, Kota 2 Course Development Committee CBIL-01 Chairman Prof. L. R. Gurjar Director (Academic) Vardhaman Mahaveer Open University, Kota Convener and Members Convener Dr. Yogesh Sharma, Asso. Professor Prof. H.B. Nanadwana Department of Law Director, SOCE Vardhaman Mahaveer Open University, Kota Vardhaman Mahaveer Open University, Kota External Members: 1. Prof. Satish C. Shastri 2. Prof. V.K. Sharma Dean, Faculty of law, MITS, Laxmangarh Deptt.of Law Sikar, and Ex. Dean, J.N.Vyas University, Jodhpur University of Rajasthan, Jaipur (Raj.) 3. Dr. M.L. Pitaliya 4. Prof. (Dr.) Shefali Yadav Ex. Dean, MDS University, Ajmer Professor & Dean - Law Principal, Govt. P.G.College, Chittorgarh (Raj.) Dr. Shakuntala Misra National Rehabilitation University, Lucknow 5. Dr Yogendra Srivastava, Asso. Prof. School of Law, Jagran Lakecity University, Bhopal Editing and Course Writing Editor: Course Writer: Dr. Yogesh Sharma Dr Visvas Chauhan Convener, Department of Law State P. G. Law College, Bhopal Vardhaman Mahaveer Open niversity, Kota Academic and Administrative Management Prof. Vinay Kumar Pathak Prof. L.R. Gurjar Vice-Chancellor Director (Academic) Vardhaman Mahaveer Open University, Kota Vardhaman Mahaveer Open University, Kota Prof. Karan Singh Dr. Anil Kumar Jain Director (MP&D) Additional Director (MP&D) Vardhaman Mahaveer Open University, Kota Vardhaman Mahaveer Open University, Kota Course Material Production Prof. Karan Singh Director (MP&D) Vardhaman Mahaveer Open University, Kota Production 2015 ISBN- All right reserved no part of this book may be reproduced in any form by mimeograph or any other means, without permission in writing from the V.M. -
Mergers and Acquisitions of Banks in Post-Reform India
SPECIAL ARTICLE Mergers and Acquisitions of Banks in Post-Reform India T R Bishnoi, Sofia Devi A major perspective of the Reserve Bank of India’s n the Reserve Bank of India’s (RBI) First Bi-monthly banking policy is to encourage competition, consolidate Monetary Policy Statement, 2014–15, Raghuram Rajan (2014) reviewed the progress on various developmental and restructure the system for financial stability. Mergers I programmes and also set out new regulatory measures. On and acquisitions have emerged as one of the common strengthening the banking structure, the second of “fi ve methods of consolidation, restructuring and pillars,” he mentioned the High Level Advisory Committee, strengthening of banks. There are several theoretical chaired by Bimal Jalan. The committee submitted its recom- mendations in February 2014 to RBI on the licensing of new justifications to analyse the M&A activities, like change in banks. RBI has started working on the framework for on-tap management, change in control, substantial acquisition, licensing as well as differentiated bank licences. “The intent is consolidation of the firms, merger or buyout of to expand the variety and effi ciency of players in the banking subsidiaries for size and efficiency, etc. The objective system while maintaining fi nancial stability. The Reserve Bank will also be open to banking mergers, provided competi- here is to examine the performance of banks after tion and stability are not compromised” (Rajan 2014). mergers. The hypothesis that there is no significant Mergers and acquisitions (M&A) have been one of the improvement after mergers is accepted in majority of measures of consolidation, restructuring and strengthening of cases—there are a few exceptions though. -
Commercial Bank
Commercial bank An institution which accepts deposits, makes business loans, and offers related services. Commercial banks also allow for a variety of deposit accounts, such as checking, savings, and time deposit. These institutions are run to make a profit and owned by a group of individuals, yet some may be members of the Federal Reserve System. While commercial banks offer services to individuals, they are primarily concerned with receiving deposits and lending to businesses. Nature of Commercial Banks Commercial banks are an organization which normally performs certain financial transactions. It performs the twin task of accepting deposits from members of public and make advances to needy and worthy people form the society. When banks accept deposits its liabilities increase and it becomes a debtor, but when it makes advances its assets increases and it becomes a creditor. Banking transactions are socially and legally approved. It is responsible in maintaining the deposits of its account holders. Indian Banking Industry Banking in India originated in the first decade of 18th century with The General Bank of India coming into existence in 1786. This was followed by Bank of Hindustan. Both these banks are now defunct. The oldest bank in existence in India is the State Bank of India being established as "The Bank of Bengal" in Calcutta in June 1806. A couple of decades later, foreign banks like Credit Lyonnais started their Calcutta operations in the 1850s. At that point of time, Calcutta was the most active trading port, mainly due to the trade of the British Empire, and due to which banking activity took roots there and prospered. -
Introduction Banking in India
Introduction Banking in India Banking in India originated in the last decades of the 18th century. The first banks were The General Bank of India which started in 1786, and the Bank of Hindustan, both of which are now defunct. The oldest bank in existence in India is the State Bank of India, which originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal. This was one of the three presidency banks, the other two being the Bank of Bombay and the Bank of Madras, all three of which were established under charters from the British East India Company. For many years the Presidency banks acted as quasi-central banks, as did their successors. The three banks merged in 1921 to form the Imperial Bank of India, which, upon India’s Independence became the State Bank of India. Origin of Banking in India Indian merchants in Calcutta established the Union Bank in 1839, but it failed in 1848 as a consequence of the economic crisis of 1848-49. The Allahabad Bank, established in 1865 and still functioning today, is the oldest Joint Stock bank in India. (Joint Stock Bank: A company that issues stock and requires shareholders to be held liable for the company’s debt) It was not the first though. That honor belongs to the Bank of Upper India, which was established in 1863, and which survived until 1913, when it failed, with some of its assets and liabilities being transferred to the Alliance Bank of Simla. When the American Civil War stopped the supply of cotton to Lancashire from the Confederate States, promoters opened banks to finance trading in Indian cotton. -
A Study on Customer Satisfaction of Bharat Interface for Money (BHIM)
International Journal of Innovative Technology and Exploring Engineering (IJITEE) ISSN: 2278-3075, Volume-8 Issue-6, April 2019 A Study on Customer Satisfaction of Bharat Interface for Money (BHIM) Anjali R, Suresh A Abstract: After demonetization on November 8th, 2016, India saw an increased use of different internet payment systems for Mobile banking saw its growth during the period of 2009- money transfer through various devices. NPCI (National 2010 with improvement in mobile internet services across Payments Corporation India) launched Bharat interface for India. SMS based applications along with mobile Money (BHIM) an application run on UPI (Unified Payment application compatible with smartphones offered improved Interface) in December 2016 to cater the growing online payment banking services to the customers. Apart from the bank’s needs. The different modes of digital payments saw a drastic mobile applications other applications like BHIM, Paytm, change in usage in the last 2 years. Though technological Tez etc. offered provided enhanced features that lead to easy innovations brought in efficiency and security in transactions, access to banking services. In addition to this, The Reserve many are still unwilling to adopt and use it. Earlier studies Bank of India has given approval to 80 Banks to start mobile related to adoption, importance of internet banking and payment systems attributed it to some factors which are linked to security, banking services including applications. Bharat Interface for ease of use and satisfaction level of customers. The purpose of money (BHIM) was launched after demonetization by this study is to unfold some factors which have an influence on National Payments Corporation (NPCI) by Prime Minister the customer satisfaction of BHIM application. -
Tuesday, 2-2-1971. a Meeting of the Governing Board of the Stock
Tuesday, 2-2-1971. A meeting of the Governing Board of the Stock Exchange was held today at S.T. 3.00 pm under the Chairmanship of Seth Dhirajlal Maganlal, wherein the undermentioned members of the Board were present: Seth Dhirajlal Maganlal Seth Gordhandas Bhagwandas Seth Phiroze J. Jeejeebhoy Seth Hiralal Girdharlal Seth Jayant Amerchand Seth Babubhai M. Gandhi Seth Vasantlal Kantilal Shah Seth Bharatkishore Begraj Gupta Seth Mathradas Samaldas Seth Vasantlal Jivatlal Seth Jasvantlal Chhotalal Seth Jivanchand Ratanchand Motishaw Seth Rasiklal Maneklal Seth Vasantlal Champaklal Seth Navinchandra Chhaganlal Kampani Government Nominees Shri M.N. Deshmukh. The following business was transacted in the meeting: 1. Resolved that this Board takes note of the sad demise of one of the oldest and leading members, members of the Governing Board and Trustee of the Stock Exchange, Shri Kantilal Ishwarlal and expresses it grief and sorrow. The Board also takes note of the selfless and invaluable services rendered by him for a long tie as a member of the Governing Board, Hon. Treasurer, member of the Defaulters’ Committee and its Chairman and as a Vice-President, President and the Trustee of the Exchange. The Board shares the deep grief and pain with the family members of the deceased and requests the President to send a copy of this Resolution to them as a token of its condolences. 2. Resolved that the undermentioned notices regarding cum right and ex-right transactions in the shares of the undermentioned concerned companies are confirmed: 1. Hindustan Motors Ltd. Notice No:35/71 dt.8-1-71 2. -
Consolidation in Indian Banking Industry – Need of the Hour
Business Review Volume 3 Issue 2 July-December 2008 Article 8 7-1-2008 Consolidation in Indian banking industry – need of the hour Syed Ahsan Jamil Institute of Productivity and Management, Lucknow, India Bimal Jaiswal University of Lucknow, Lucknow, India Namita Nigam Institute of Environment and Management, Lucknow, India Follow this and additional works at: https://ir.iba.edu.pk/businessreview Part of the Finance and Financial Management Commons This work is licensed under a Creative Commons Attribution 4.0 License. iRepository Citation Jamil, S. A., Jaiswal, B., & Nigam, N. (2008). Consolidation in Indian banking industry – need of the hour. Business Review, 3(2), 1-16. Retrieved from https://ir.iba.edu.pk/businessreview/vol3/iss2/8 This article is brought to you by iRepository for open access under the Creative Commons Attribution 4.0 License. For more information, please contact [email protected]. https://ir.iba.edu.pk/businessreview/vol3/iss2/8 Business Review – Volume 3 Number 2 July – December 2008 DISCUSSION Consolidation in Indian Banking Industry- Need of the Hour Syed Ahsan Jamil Institute of Productivity and Management, Lucknow, India Bimal Jaiswal University of Lucknow, Lucknow, India Namita Nigam Institute of Environment and Management, Lucknow, India ABSTRACT his study is aimed at trying to unravel the fast and metamorphic changes been Tbrought about within the Indian banking industry. With the government in India clearly specifying that it will liberalize the entry of foreign banks in India by 2009 alarm bells have started ringing for underperforming banks who largely nurtured under government protection and lack of competition. It is now a fight for survival. -
Bulletin Newsletter from the EABH
bulletin Newsletter from the EABH 1/2009 European Association for Banking and Financial History e.V. Editorial Dear Colleagues, With the collapse of the Cologne Historical Archive on 3 March 2009 historical valuable material, records pertaining to this institution and, tragically, human lives were lost. In a certain way, the demolition of the physical premises of this institution demonstrates how easily years of tradition can be lost when its true value is not understood. This remains a reality which all archivists are working hard on to prevent. The safeguarding of significant and valuable archival material has become even more important now that the financial world is facing one of its biggest crises ever. In this challenging and demanding period of market turbulence, the financial world certainly faces many alarming issues but the need for future documentation, so that historians will be able to research and understand these events in the future, remains undeniable. In the light of the ongoing global financial crisis our members’ commitment to the Association serves a key role to achieve its goals which are to promote the preservation of historically valuable archive material and to initiate and foster research into banking and financial history. In the 23rd issue of the bi-annual EABH Bulletin Newsletter the Association offers a warm welcome to our newest member, the Bank of Albania. The EABH e. V. in cooperation with Bank of Cyprus is also looking forward to welcoming you at this year’s significant conference The Critical Function of History in Banking and Finance 15 & 16 May 2009 - Bank of Cyprus, Nicosia, Cyprus that explores the mutual relationships between banking and finance and their histories, covering issues such as democratization, nationalism, decolonization and more recently regionalization and europeanization and how banking and financial institutions and systems have shaped or been shaped by them. -
The Monetary Problems of India
TEXT FLY WITHIN THE BOOK ONLY Damage Book Tight Binding Book ro <OU_1 66025 >ES ^ CO THE MONETARY PROBLEMS OF INDIA MACMILLAN AND CO., LIMITED LONDON BOMBAY CALCUTTA MADRAS MELBOURNE THE MACMILLAN COMPANY NEW YORK BOSTON CHICAGO DALLAS ATLANTA SAN FRANCISCO THE MACMILLAN COMPANY OF CANADA, LIMITED TORONTO THE MONETARY PROBLEMS OF INDIA BY L. C. JAIN M.A., LL.B. Pii.DrWC^N. (LONDON) READER IN ECONOMICS IN THE UNIVERSITY OK THE PUNJAB ; SHCRKTARY OF THK UNITED PROVINCES BANKING INQUIRY COMMITTEE, 1929-30; LECTURER IN CURRENCY AND BANKING AT THE UNIVERSITY OF ALLAHABAD; AUTHOR OP- "INDIGENOUS BANKING IN INDIA*' MACMILLAN AND CO., LIMITED ST. MARTIN'S STREET, LONDON COPYRIGHT PRINTED IN GREAT BRITAIN TO THE MEMORY OF MY MOTHER PREFACE THE aim of this book is to deal with the monetary problems of India as they have arisen in recent years, particularly during 1926-32. While literature on the subject is in plenty, books on the recent phases of Indian currency and credit are not many. Happily, a mass of new material has been made available by the recent Banking Inquiry in every province in India. The very length of the material (20,000 pages in print), however, makes the task of its analysis rather difficult. Moreover, since the Banking Inquiry itself new changes in fact, crises have overtaken the money markets of the world, including India. Thus the subject of Indian monetary problems is today of unusual importance and difficulty. As in my work on Indigenous Banking in India, of the imperfections of my present venture I am fully sensible. -
Restructuring of Indian Public Sector Banks: Genesis and the Challenges
INTERNATIONAL JOURNAL OF RESEARCH CULTURE SOCIETY ISSN: 2456-6683 Volume - 4, Issue - 5, May – 2020 Monthly, Peer-Reviewed, Refereed, Indexed Journal Scientific Journal Impact Factor: 5.245 Received on : 02/05/2020 Accepted on : 17/05/2020 Publication Date: 31/05/2020 Restructuring of Indian Public Sector Banks: Genesis and the Challenges PARMOD K. SHARMA Ph.D Scholar, Mittal School of Business Lovely Professional University, Phagwara (Punjab) Email - [email protected] Abstract: Banking industry has been facing difficulties worldwide. The problems have been common though scale might be different at different places. The major issues that have confronted them are providing customer delight by way of ‘wow’banking and to keep themselves afloat. There is abundant expectation by the public from the industry to provide state of the art technology at competitive pricing and products which give them their value for money. The regulators want these banks to be adequately capitalised to mitigate the enormous risks they undertake by financing borrowers who are genuine and need bank money for growth of their businesses and the unscrupulous ones who borrow money to divert it to their unfunded projects or in real estate to make a quick buck. The banks also on daily basis face the operational risks(frauds by public and employees, looting of ATMs and robberies etc).There is pressure on them to earn good profits by safe lending and expanding the reach by adding new customers. There is good competition between Public Sector Banks (PS Banks) among themselves and PS Banks and the private sector banks. Many private sector banks in past faced liquidity issues due to management failure and bad lending.