INDIAN BANKING SYSYTEM IN INDIA PPT,,,,,

Indian banking system

1. Introduction Industrial profile Trends in banking Sector Conclusion References

2. “A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital market. A bank connects customers with capital deficits to customers with capital surpluses.”

3. Today, the banking industry in our country is stronger and capable of withstanding the pressures of competition. It withstood Global Financial Crisis (2008) . In the era of Globalization Banking Sector in India is rapidly changing since 1990s due to technological innovation, financial liberalization with entry of new private and foreign banks, and regulatory changes in the corporate sector. Indian banking industry is gradually moving towards adopting the globally best practices. In our country, currently we are having a fairly well developed banking system with different classes of banks – public sector banks, foreign banks, private sector banks – both old and new generation, regional rural banks and co-operative banks with the Reserve Bank of India as the leader of the system .   There are Currently, there are a total of 34 banks functioning in India of which 12 are public sector banks and rest 22 are private sector banks and 46 foreign banks with 300 branches (as on 30 Dec. 2020) along with 43 regional rural banks (RRBs) and more than 90,000 credit cooperatives .  INDUSTRIAL PROFILE

4. W H Y T E CH N O L OGY IN BAN K S ? TO TRANSFORM FINANCIAL SERVICES INDUSTRY IN THE NET- WORKED WORLD: -I N C R EASED OPER A TI O N EFF I CIENC Y ,PROFI T ABIL I TY & PRODUCTIVITY SUPERIOR CUSTOMER SERVICE PROVIDE SERVICES / PRODUCTS ACROSS A RANGE OF CHANNELS -IMPROVED MANAGEMENT/ACCOUNTABILITY -BETT E R C ROSS SELLI N G ABIL I TY -MIN I MAL TRANSACTI O N C OST -IMPROVED FINANCIAL ANALYSIS CAPABILITIES.

5. ELECTRONIC FUND TRANSFER(EFT) ELECTRONIC CLEARING SYSTEM(ECS) ANY BRANCH BANKING RISK MANAGEMENT ATM’S CARD MANAGEMENT MOBILE BANKING

6. Electronic Payment Services – e – Cheques :  In the recent days we are aware of e-governance, e-mail, e-commerce, e-tail etc. In the same manner, a new technology is being developed in US for introduction of e-cheque, which will eventually replace the conventional paper cheque. Real Time Gross Settlement (RTGS) : Real Time Gross Settlement system, introduced in India since March 2004. Electronic Funds Transfer (EFT) : It is a system whereby anyone who wants to make payment to another person/company etc. can approach his bank and make cash payment or give instructions/authorization to transfer funds directly from his own account to the bank account of the receiver/beneficiary. Electronic Clearing Service (ECS): It is a retail payment system that can be used to make bulk payments/receipts Automatic Teller Machine (ATM): It is the most popular devise in India, which enables the customers to withdraw their money 24 hours a day 7 days a week. . Recent Trends in the Banking System

7. Tele - Banking : It facilitates the customer to do entire non-cash related banking on telephone. Under this devise Automatic Voice Recorder is used for simpler queries and transactions. For complicated queries and transactions, manned phone terminals are used. Electronic Data Interchange (EDI): It is the electronic exchange of business documents like purchase order, invoices, shipping notices, receiving advices etc. in a standard, computer processed, universally accepted format between trading partners. Net Banking : It is used for transfer of funds, booking rail tickets, shopping, purchasing cinema tickets, purchasing shares etc. Mobile Banking : Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct a range of financial transactions remotely using a mobile device such as a mobile phone or tablet, and using software, usually called an app, provided by the financial institution for the purpose. Recent Trends in the Banking System

8. “ The reforms to the old Banking system with the advent of technology has bought in a dramatic change in its functioning and has increased customer relationship.”

9. Technology in Indian Banking[Commercial Banking]. Traditional Banking System in India. Trend & progress of Banking in India, RBI 2006 Google search. www.antiphishing.com