About public sector banks

By SUNNY REKHI Naman malik

What is bank ?? A banker or bank is a financial institution whose primary activity is

to act as a payment agent for customers and to borrow and lend money.

A bank is a financial intermediary and money creator that creates money by lending money to a borrower, thereby creating a corresponding deposit on the bank's balance sheet. Lending activities can be performed directly by loaning or indirectly throughcapital markets. Due to their importance in the financial system and influence on national economies, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking, central banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.

Functions of bank

Lending money to public (loans)

Transferring money from one place to another (Remittances)

Acting as trustees

Keeping valuables in safe custody

Government business

Structure of banks in india

Who is RBI ??

The Reserve Bank of India (RBI) is the central bank of India, and was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.

RBI is governed by a central board (headed by a Governor) appointed by the Central Government.RBI has 22 regional offices across India. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission.

Objective: maintain public confidence in the system, protect depositors’ interest and provide cost-effective banking services to the public. The Banking Ombudsman Scheme has been formulated by the Reserve Bank of India (RBI) for effective redressal of complaints by bank customers

Broad classification of banks in india

1) The RBI: The RBI is the supreme monetary and banking authority in the country and has the responsibility to control the banking system in the country. It keeps the reserves of all scheduled banks and hence is known as the “Reserve Bank”.

2) Public Sector Banks:

State Bank of India and its Associates (8)

Nationalized Banks (19)

Regional Rural Banks Sponsored by Public Sector Banks (196)

3) Private Sector Banks:

Old Generation Private Banks (22)

Foreign New Generation Private Banks (8)

Banks in India (40)

Continued..4) Co-operative Sector Banks:

State Co-operative Banks Central Co-operative Banks Primary Agricultural Credit Societies Land Development Banks State Land Development Banks

5) Development Banks: Development Banks mostly provide long

term finance for setting up industries. They also provide short-term

finance (for export and import activities)

Industrial Finance Co-operation of India (IFCI)

Industrial Development of India (IDBI)

Industrial Investment Bank of India (IIBI)

Small Industries Development Bank of India (SIDBI)

National Bank for Agriculture and Rural Development (NABARD)

Export-Import Bank of India

What is public sector banks

Public Sector bank means any Government Sector Bank/Institute that goes public... means that issues it share to general public.. It also has a greater share of government(more than 50%) so that the main motto of social welfare other than Maximising Profit remains.

Public banks are those banks which are owned , governed or managed by RBI(Reserve Bank Of India)and Public banks are strictly follow the rules regarding the RBI......Public Banks have there own respect and existence......Public Banks are charged interest on loans as fixed by RBI.....Salary of Public Banks' members or workers have fixed........Public Banks's have right to intersect with other countries.....

Comparison b/w public & private sector banks

Public Sector bank means any Government Sector Bank/Institute that goes public... means that issues it share to general public.. It also has a greater share of government(more than 50%) so that the main motto of social welfare other than Maximising Profit remains.

Where as Private Sector Banks are those Banks where the management is controlled by Private individuals and Government does not have any say in the management of these banks. Maximising profit is the basic motto.

List of public sector banks

State bank of India Dena bank Allahabad bank Indian bank Andhra bank Indian overseas bank Bank of Baroda Oriental bank of

commerce Bank of India IDBI bank Vijaya bank

Punjab & Sind bank Bank of Maharashtra Punjab national bank Canara bank Syndicate bank Central bank of India Union bank of India Corporation bank United bank of India Uco bank

Working of public sector banks

By help of1. State bank of India 2. Punjab national bank

State bank of India

About SBI

Largest nationalized commercial bank in India In terms of assets, number of branches, deposits, profits

and workforce. Headquarters in Mumbai, India and employs about

205,896 people.

Vision & Mission Of SBI

Vision…… A Pioneering, Apolitical and Responsive officers Union movement

with Enlightened values, Committed Cadre, Inspiringly led, Ever at the focused services of the members, the Bank and the community at large.

Mission ….. To carry the torch of an exemplary SBI Officers Union Movement; Ever alive to Uniting, Protecting, Securing and Satisfying the

committed and enthused members; Ever facilitating the growth and development of quality Bank

Professionals; Ever offering trusteeship role in meeting the challenges of SBI in

the face of changing Economic Scenario; Ever trusting in continuous search, improvement and education

with a concern for all that is noble, just and praiseworthy in our movement, Bank and Nation.

PRODUCTS

COMMERCIAL BANKING RETAIL BANKING PRIVATE BANKING ASSET MANAGEMENT PENSIONS MORTGAGES CREDIT CARDS INVESTMENT BANKINGS

SBI CARDS

SBI Railway Card

SBI Platinum Card

SBI Vishal MegaMart Card

Yatra SBI Card

OBJECTIVES OF SBI

Increasing AWARENESS and KNOWLEDGE about the new and existing products

To grab ATTENTION of consumers To Enhance purchase actions. REINFORCEMENT Increase in Market Share and sales

Punjab national bank

About PNB

PNB has the distinction of being the first Indian bank to have been started solely with Indian capital that has survived to the present.

PNB has had the privilege of maintaining accounts of national leaders such as Mahatma Gandhi, Shri Jawahar Lal Nehru, Shri Lal Bahadur Shastri, Shrimati Indira Gandhi, as well as the account of the famous Jalianwala Bagh Committee.

Punjab National Bank was registered on 19 May 1894 under the Indian Companies Act with its office in Anarkali Bazaar Lahore.

The Bank opened for business on 12 April, 1895. PNB's founders included several leaders of the  Swadeshi 

movement such as Dyal Singh Majithia and Lala HarKishen Lal, Lala Lalchand, Shri Kali Prosanna Roy, Shri E.C. Jessawala, Shri Prabhu Dayal, Bakshi Jaishi Ram, and Lala Dholan Dass. Lala Lajpat Rai was actively associated with the management of the Bank in its early years.

Products Social Banking MSME Banking ( service for

micro, small, medium enterprise)

Agricultural Banking1. Agri Business Cell2. Agricultural Banking3. Farmers

1. Agriculture Credit Schemes

2. Central Sector Schemes3. PNB Farmers Welfare

Trust4. Procedural Guidelines for

Agricultural Credit Corporate Banking International Banking

NRI

Personal Banking1. Savings Fund Account

1. PNB Prudent Sweep2. Total Freedom Salary Account3. PNB Vidyarthi SF Account4. PNB Mitra SF Account5. PNB Rakshak Scheme6. PNB Shikshak Sweep Scheme7. PNB Shikshak Overdraft

Scheme8. Scheme for Providing

Overdraft Facility to Pensioners

2. Current Account3. Fixed Deposit Schemes4. Credit Schemes5. Doorstep Banking Services6. Cards7. Nomination Facilities8. Deceased claim cases9. Centralised Banking Solution

Conclusion