Banking In India

The Present Textbook On Banking In India, Is Addressed To The Undergraduate Students Of Indian Universities. There Have Been Significant Changes In The Area Of Institutional Credit Since 1947. New Public Sector Financial Institutions Such As Development Banks Have Come Up In Big Way And Old Types Of Financial Institutions Such As Commercial Banks Have Been Nationalized, Strengthened And Expanded. The Cooperative Banks, Which Serve The Agricultural Sector, Have Been Streamlined. The Reserve Bank Of India, The Central Bank Of The Country, Was Nationalized With Effect From 1 January, 1949, And In March The Banking Companies Act Was Passed, Conferring On It A Wide Range Of Regulatory And Supervisory Powers Over The Banking System.The Book Is Divided In Eight Chapters. The First Chapter Deals With The Role And Importance Of Banks As Financial Intermediaries And Their Types. Chapter Two Discusses The Reserve Bank Of India. As An Apex Institution Of A Country S Financial System, It Plays A Leading Role In Organizing, Running, Supervising And Regulating The Banking System. Therefore Any Book On Banking Will Be Incomplete Without A Reference To The Functions And Performance Of The Reserve Bank Of India. Chapter Three Is Devoted To The History, Definition, And Functions Of Commercial Banks, While Chapter Four Deals With The Analysis Of Branch Expansion And Deposit Mobilization And Chapter Five Look Into Their Patterns Of Credit Deployment And Investment, Chapter Six Analyses The Financing Of Priority Sector. The Discussion On Cooperative Banks Is Taken Up In Chapter Seven And That Of Development Banks Is In Chapter Eight.