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Fact File of Banks:

The first, the oldest, the largest, the biggest, get all such types of informations about Banking 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

branchesPunjab 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 ActSouth 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 itsvast 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 yearsAllahabad 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 Indiain London in 1946 and the first to open a branch in continental Europe at Paris in 1974.

Top Banks in India:

Abn Amro Bank | Allahabad Bank | American Express Bank | Andhra Bank | Bank Of India | Canara Bank |

Central Bank Of India | Citibank | Corporation Bank | HDFC Bank | HSBC Bank | ICICI Bank | Indian

Overseas Bank | Oriental Bank Of Commerce | Punjab National Bank | State Bank Of India (SBI) | Standard

Chartered Bank | IDBI | United Bank Of India |Axis bank

Indian Banks Association (IBA)

The Indian Banks Association (IBA) was formed on the 26th September, 1946 with 22 members. Today IBA

has more than 156 members comprising of Public Sector banks, Private Sector banks, Foreign banks

having offices in India, Urban Co-operative banks, Developmental financial institutions, Federations,

merchant banks, mutual funds, housing finance corporations, etc.

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The functioning of IBA

To promote sound and progressive banking principles and practices.

To render assistance and to provide common services to members.

To organise co-ordination and co-operation on procedural, legal, technical, administrative and

professional matters.

To collect, classify and circulate statistical and other information.

To pool together expertise towards common purposes such as reduction in costs, increase in

efficiency, productivity and improve systems, procedures and banking practices.

To project good public image of banking through publicity and public relations.

To encourage sports and cultural activities among bank employees.

The Offices of IBA

Stadium House,

Block II & III, 6th Floor,

Veer Nariman Road, Mumbai 400 020.

Tel.:91-22- 22894500, Fax:91-22-22835638

Public Sector Banks In IndiaAmong the Public Sector Banks in India, United Bank of India is one of the 14 major banks which were

nationalised on July 19, 1969. Its predecessor, in the Public Sector Banks, the United Bank of India Ltd.,

was formed in 1950 with the amalgamation of four banks viz. Comilla Banking Corporation Ltd. (1914),

Bengal Central Bank Ltd. (1918), Comilla Union Bank Ltd. (1922) and Hooghly Bank Ltd. (1932).

Oriental Bank of Commerce (OBC), a Governmet of India Undertaking offers Domestic, NRI and

Commercial banking services. OBC is implementing a GRAMEEN PROJECT in Dehradun District (UP) and

Hanumangarh District (Raiasthan) disbursing small loans. This Public Secotor Bank India has implemented

14 point action plan for strengthening of credit delivery to women and has designated 5 branches as

specialized branches for women entrepreneurs.

The following are the list of Public Sector Banks in India

Allahabad Bank

Andhra Bank

Bank of Baroda

Bank of India

Bank of Maharastra

Canara Bank

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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 State Bank of India and its subsidiary, a Public Sector Banks

State Bank of India

o State Bank of Bikaner & Jaipur

o State Bank of Hyderabad

o State Bank of Indore

o State Bank of Mysore

o State Bank of Saurastra

o State Bank of Travancore

Private Sector Banks

Private banking in India was practiced since the begining of banking system in India. The first private bank inIndia to be set up in Private Sector Banks in India was Indus Ind Bank. It is one of the fastest growing Bank

Private Sector Banks in India. IDBI ranks the tenth largest development bank in the world as Private Banks

in India and has promoted a world class institution in India.

The first Private Bank in India to receive an in principle approval from the Reserve Bank of India was

Housing Development Finance Corporation Limited, to set up a bank in the private sector banks in India as

part of the RBI's liberalisation of the Indian Banking Industry. It was incorporated in August 1994 as HDFC

Bank Limited with registered office in Mumbai and commenced operations as Scheduled Commercial Bank

in January 1995.

ING Vysya, yet another Private Bank of India was incorporated in the year 1930. Bangalore has a pride of

place for having the first branch inception in the year 1934. With successive years of patronage andconstantly setting new standards in banking, ING Vysya Bank has many credits to its account.

List of Private Banks in India

Bank of Punjab

Bank of Rajasthan

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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

Cooperative Banks in India

The Co operative banks in India started functioning almost 100 years ago. The Cooperative bank is an

important constituent of the Indian Financial System, judging by the role assigned to co operative, the

expectations the co operative is supposed to fulfil, their number, and the number of offices the cooperative

bank operate. Though the co operative movement originated in the West, but the importance of such banks

have assumed in India is rarely paralleled anywhere else in the world. The cooperative banks in India plays

an important role even today in rural financing. The businessess of cooperative bank in the urban areas also

has increased phenomenally in recent years due to the sharp increase in the number of primary co-

operative banks.

Co operative Banks in India are registered under the Co-operative Societies Act. The cooperative bank is

also regulated by the RBI. They are governed by the Banking Regulations Act 1949 and Banking Laws (Co-

operative Societies) Act, 1965.

Cooperative banks in India finance rural areas under:

Farming

Cattle

Milk

Hatchery

Personal finance

Cooperative banks in India finance urban areas under:

Self-employment

Industries

Small scale units

Home finance

Consumer finance

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Personal finance

Some facts about Cooperative banks in India

Some cooperative banks in India are more forward than many of the state and private sector

banks.

According to NAFCUB the total deposits & lendings of Cooperative Banks in India is much more

than Old Private Sector Banks & also the New Private Sector Banks.

This exponential growth of Co operative Banks in India is attributed mainly to their much better

local reach, personal interaction with customers, their ability to catch the nerve of the local clientele

Regional Rural Banks in India

Rural banking in India started since the establishment of banking sector in India. Rural Banks in those days

mainly focussed upon the agro sector. Regional rural banks in India penetrated every corner of the countryand extended a helping hand in the growth process of the country.

SBI has 30 Regional Rural Banks in India known as RRBs. The rural banks of SBI is spread in 13 states

extending from Kashmir to Karnataka and Himachal Pradesh to North East. The total number of SBIs

Regional Rural Banks in India branches is 2349 (16%). Till date in rural banking in India, there are 14,475

rural banks in the country of which 2126 (91%) are located in remote rural areas.

Apart from SBI, there are other few banks which functions for the development of the rural areas in India.

Few of them are as follows.

Haryana State Cooperative Apex Bank Limited

The Haryana State Cooperative Apex Bank Ltd. commonly called as HARCOBANK plays a vital role in rural

banking in the economy of Haryana State and has been providing aids and financing farmers, rural artisans,

agricultural labourers, entrepreneurs, etc. in the state and giving service to its depositors.

NABARD

National Bank for Agriculture and Rural Development (NABARD) is a development bank in the sector of

Regional Rural Banks in India. It provides and regulates credit and gives service for the promotion and

development of rural sectors mainly agriculture, small scale industries, cottage and village industries,

handicrafts. It alsofinancerural crafts and other allied rural economic activities to promote integrated rural

development. It helps in securing rural prosperity and its connected matters.

Sindhanur Urban Souharda Co-operative Bank

Sindhanur Urban Souharda Co-operative Bank, popularly known as SUCO BANK is the first of its kind in

rural banks of India. The impressive story of its inception is interesting and inspiring for all the youth of this

country.

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United Bank of India

United Bank of India (UBI) also plays an important role in regional rural banks. It has expanded its branch

network in a big way to actively participate in the developmental of the rural and semi-urban areas in

conformity with the objectives of nationalisation.

Syndicate Bank was firmly rooted in rural India as rural banking and have a clear vision of future India by

understanding the grassroot realities. Its progress has been abreast of the phase of progressive banking in

India especially in rural banks.

Foreign Banks In India

Foreign Banks in India always brought an explanation about the prompt services to customers. After the set

up foreign banks in India, the banking sector in India also become competitive and accurative.

New rules announced by the Reserve Bank of India for the foreign banks in India in this budget has put up

great hopes among foreign banks which allows them to grow unfettered. Now foreign banks in India are

permitted to set up local subsidiaries. The policy conveys that forign banks in India may not acquire Indianones (except for weak banks identified by the RBI, on its terms) and their Indian subsidiaries will not be able

to open branches freely. Please see the list of Foreign banks in India till date.

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

By the year 2009, the list of foreign banks in India is going to become more quantitative as number of foreign

banks are still waiting with baggage to start business in India.

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

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Switzerland's UBS

US-based GE Capital

Credit Suisse 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 consumerfinance

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.

The credit of banks has risen by over 25% in 2004-05 and the growth momentum is expected to continue

over the next four to five years.

Participation in the growth curve of the Indian economy in the next four years will provide foreign banks a

launch pad for greater business expansion when they get more freedom after April 2009.

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