Banking in India : Past Present and Future

Contents: Foreword. Preface. 1. Banking in India: an introduction. 2. Reserve Bank of India (RBI). 3. State Bank of India (SBI). 4. Subsidiaries of State Bank of India. 5. Public sector banks. 6. Old generation private sector banks. 7. New generation private sector banks. 8. Regional Rural Banks (RRBs). 9. Cooperative banks. 10. Foreign banks in India. 11. National Bank for agriculture and rural development (NABARD). 12. Small industries development Bank of India (SIDBI). 13. Export import Bank of India (EXIM Bank). 14. Business correspondents and business facilitators (BCs/BFs). 15. Alternate banking channels. 16. Cyber crimes and the banking sector. 17. The way forward. Bibliography. Index.

Banking in India has a long history and it has evolved over the years passing through various phases. The beginning of modern day banking in India can be traced to 18th century when English traders came to India. The English Agency Houses in Calcutta and Bombay began to conduct banking business besides their commercial activities.

Banking in India during the pre-Independence period was largely characterised by the existence of private banks organised as joint stock companies. Most banks were small and had private shareholding of the closely held variety. They were largely localised and many of them failed.