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 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 Banks
- 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 Development
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 banks, namely development banks and specialized banks for some particular purposes.
1.1 Central Bank – Reserve Bank of India (RBI)
The Reserve Bank of India (RBI), the central bank of India, which was established in 1935, has been fully owned by the government of India since nationalizatio ...