Beruflich Dokumente
Kultur Dokumente
By Parvez Rangwalla
Email: pryprv@gmail.com
The first bank in India, though conservative, was established in 1786. From 1786 till
today, the journey of Indian Banking System can be segregated into three distinct
phases. They are as mentioned below:
• Early phase from 1786 to 1969 of Indian Banks
• Nationalization of Indian Banks and up to 1991 prior to Indian banking sector
Reforms.
• New phase of Indian Banking System with the advent of Indian Financial & Banking
Sector Reforms after 1991.
The following are the steps taken by the Government of India to Regulate Banking
Institutions in the Country:
• 1949 : Enactment of Banking Regulation Act.
• 1955 : Nationalization of State Bank of India.
• 1959 : Nationalization of SBI subsidiaries.
• 1961 : Insurance cover extended to deposits.
• 1969 : Nationalization of 14 major banks.
• 1971 : Creation of credit guarantee corporation.
• 1975 : Creation of regional rural banks.
• 1980 : Nationalization of seven banks with deposits over 200 crore
All values in Rs. Crores
Yes Bank, established by two former top executives of the Indian operations of
Netherlands-based Rabobank, Rana Kapur & Ashok Kapur.
Despite the crowded field, Rana Kapoor, Yes Bank chief executive and co-founder, said the
bank will stand out through a “knowledge-based approach.”
“Each branch will offer value enhancing information and services depending on the location
and the profile of customers in the catchment area it caters to. For instance, we plan to cover
the major agricultural belts of India so our branches located in these belts may have special
desks dispensing information on horticulture, floriculture or irrigation techniques,” Kapoor
says.
Other
CVC, Management
Chryscapital, people, 3%
Russel Infra,
Rana Kapoor &
25% Ashok Kapur,
52%
Rabobank
Nederland,
20%
Key Features:
YES TOUCH - Electronic gateway to the branch, allows clients to bank round the clock.
Its a state of art smart technology interface which is the first interactive point provided by
a dedicated relationship manager for each client, extended banking hours and customised
wealth management solutions.
Yes Money plant – Direct marketing campaign which portrays the symbiotic relationship
between the banks and its clients. It provides advisory services ranging from liabilities to
insurance and mutual funds.
The Knowledge Cafe – It’s a Wi-Fi enabled area to enable discussions, advisory
services and information dissemination. This innovative technology is the first time in any
bank worldwide powered by Intel and Cisco.
Yes Lounge- It’s an exclusive wireless banking enclave for the banks YES FIRST,
Global Indian and YES Private clients. It is designed to offer comfort, privacy and intimacy
for business and financial discussions.
Awards and Recognitions:
1. Received an approval to set 117 branches and 200 offsite ATM centres across India.
3. Plans to add new relationships with 350 large and 2500 mid-sized companies.