Evolution of the Banking Industry in India: Trends, Challenges, and Innovations

Explore the historical journey of the banking sector in India from pre-independence to modern-day reforms. Discover emerging trends, banking crises, causes for bank failures, challenges faced by banks, and current developments like technological advancements and financial inclusion initiatives.

• Banking Industry
• India
• Trends
• Challenges
• Innovations

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1. BANKING INDUSRY CHAPTER 2

2. TOPICS HISTORY OF BANKING INDUSTRY IN INDIA EMERGING TRENDS IN BANKING BANKING CRISIS CAUSES FOR BANK FAILURES CHALLENGES TO BANKS CURRENT DEVELOPMENT IN BANKING SECTORS

3. HISTORY OF BANKING INDUSTRY IN INDIA Post-Independence Pre-Independence History Presidency Banks Paper Currency Act, 1861 1921 P B ACT IMPERIAL BANK- SBI COMMERCIAL BANK Reserve Bank Of India Act, 1934 Indian Companies (Amendment) Act,1936 Phase 1 : Early Years Of Independence(1947 1969) 1949 BANKING REG. ACT 1951 FIRST FIVE YEAR RURAL/ PRIORITY SECTOR DEVELOPMENT 1STJULY 1955 SBI - ASSOCIATES Phase 2 : (1969 1991) Phase 3 : Banking Sector Reforms Since 1991

4. OBJECTIVES OF BANKING SECTOR REFORMS ENABLING MEASURES STRENGTHENING MEASURES INSTITUTIONAL MEASURES

5. EMERGING TRENDS IN BANKING BRANCH BANKING UNIT BANKING GROUP BANKING CHAIN BANKING CORRESPONDENT BANKING INVESTMENT BANKING MIXED BANKING DEPOSIT BANKING VIRTUAL BANKING LOCAL AREA BANKING UNIVERSAL BANKING ELECTRONIC BANKING INTERNATIONAL BANKING

6. BANKING CRISIS (A) BANKING CRISIS, 1913 (B) BANKING CRISIS, 1938 (C) BANKING CRISIS, 1946-47

7. CAUSES FOR BANK FAILURES Lack of capital Absence of control Competition Growth of small banks Inefficient Management Bank failures Speculative dealings Low cash restore Unsound lending policy

8. CHALLENGES TO BANKS Profitability Risk Management Management of NPA Competition Preventing Customer Defection Reforming Human Resources CHALLENGES

9. CURRENT DEVELOPEMENTS USAGE OF TECHNOLOGY ATM , CARDS, Point of Sale PAYMENT SETTLEMENT SYSTEMS ECS, EFT, NEFT,RTGS, AEPS, UPI,IMPS FINANCIAL INCLUSION INCLUSION OF THOSE PEOPLE IN THE FINANCIAL SYSTEM WHO WERE EARLIER NEGLECTED/UNABLE TO ACCESS BANKING SYSTEM MOBILE BANKING MSMEs Micro finance

10. CURRENT DEVELOPMENT IN BANKING SECTORS COMMERCIAL BANKING SYSTEM SCHEDULED BANKS NON-SCHEDULED BANKS 88,562 BRANCHES

11. UNION BUDGET 2013-14 announced to set up a bank for woman PUBLIC SECTOR BANK Rs. 10 billion (initial capital) RBI gave license on Sept 25, 2013

12. As on March 2012 there was 92432 no. of Primary Agricultural Credit Society (PACS) in India. Total income of Regional Rural Bank (RRB) during the financial year 2012-2013 was Rs. 208 billion.

13. First Regional Rural Bank (RRB) in Tamil Nadu Pandyan Grama Bank No Frills account scheme called 'Elimai Account Maintained with zero balance

14. 31 foreign bank 182 branches at the end of march 2009