INDIANBANK

ING SYSTEM
Another
distinguish
feature of
commercial
bank is that a

large part
of their deposits
are
demanddeposits
withdraw able
and transferable
by che!ue.

.*
De0e'o
p,ent
Banks

It is considered
as a hybrid
institution
which combines
in itself the
functions of a
financecorporati
on and a
development cor

poration. They
also act as a
catalytic agent in
promoting balan
ced and viable
development by
assuming
promotional role
of discovering

pro(ect
ideas,undertakin
g feasibility
studies and also
provide
technical,
financial
and managerial
assistance

for the
implementation
of pro(ect. In
India
Industrial
/evelopment
Bank on India
*I/BI+ is theuni!
ue example of

development ba
nk. It has been
designated as
the principal
institution of
thecountry for
co-coordinating
the working of
the institutions

engaged in
financing,
promoting
ordevelopment
of industry.

/* Cooperati
0e
Banks

The main
business of cooperative banks
is to provide
finance to
agriculture.
They aim
atdeveloping a
system of credit.

Agriculture
finance is a
special field. The
co-operative
banks playa
useful role in
providing
cheap exit

facilities to the
farmers.
In India there
are three wings
of co-operative
credit system
namely

0*i+1hort
t e r m , *ii+2
ediumt e r m , *iii+ 3
ong term cre
d i t . The former
has a three tier
structure

consisting of
state

*
Spe"ia'i

2e
Banks
These banks are
established and
controlled under
the special act of

parliament.
These banks
havegot the
special status.
4ne of the
ma(or bank is
5ational Bank
for Agricultural
and )

uraldevelopmen
t *5ABA)/+
established in
6789, as an
apex institution
in the field of
agriculturaland
other economic
activities in

rural areas.
In 677: a special
bank named
small industries

INDIANBANK
ING SYSTEM
development
Bank of India
*1I/BI+ was
established. It
was the
subsidiary of

Industrialdevelo
pment Bank of
India. This
bank was
established for
providing loan
facilities,
discountingand
rediscounting

of bills, direct
assistance and
leasing facility.

3*
Ini&e

no!s
Banker
s
That
unorgani;ed unit

which provides
productive,
unproductive,
long term,
medium term
andshort term
loan at the
higher interest
rate are known

as indigenous
bankers. These
banks can
befound
everywhere in
cities, towns,
mandis
and villages.

4* 5!ra'
Bankin
&
A set of financial
institution

engaged in
financing of
rural sector is
termed as
)ural
Banking.the
policy of
financing of
these banks has

been designed
in such a way so
that
these institution
can play catalyst
role in the
process of rural
development.

6*
Sa0in&
Banks
These banks
perform the

useful services
of collecting
small savings
commercial
banks also
run#saving
bank$ to
mobili;e the
savings of men

of small
means. /ifferent
countries have
differenttypes of
savings bank vi;.
2utual
savings bank,
<ost office
saving,

commercial
saving banks etc.

7*
E8port

- I,port
Bank
These banks
have
been established
for the purpose

of financing
foreign trade.
They
concentratetheir
working on
medium and
long-term
financing. The
=xport-Import

Bank of India
*=>I2Bank+
was established
on ?anuary 6,
6789 as a
statutory
corporation
wholly owned by
the

centralgovernme
nt.

19* o
rei&n E

8"han&
e Banks
These banks
finance mostly
to the
foreign trade of

a country. Their
main function is
to
discount,accept
and collect
foreign bulls
of exchange.
They also buy
and self-foreign

currencies and
help businessme
n to convert
their money into
any foreign
currency they
need. 4ver a
do;en
foreignexchange

banks branches
are working in
India have their
head offices in
foreign
countries.
3

INDIANBANK
ING SYSTEM

11* Int
ernatio

na' Ban
ks
The basic list of
those
International
Banks within

India which
help the banking
sector of India
todevelop in
International
market.

T+pes
o%
bankin
&

Banking is
described as the
business carried
on by an
individual at a
bank. Today,
several formsof
banking exist,
giving

consumers a
choice in the
way they
manage their
money most
people doa
combination of
at least two
banking types.

%owever, the
type of banking
a consumer
usesnormally
based on
convenience.
These are
different types
of banking

through which
consumercan
attach to it-

;A<
Wa'k-

inBankin
&
4