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Professionnel Documents
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3 References
Old private-sector banks[edit]
The banks, which were not nationalized at the time of bank
nationalization that took place during 1969 and 1980 are known to be
the old private-sector banks. These were not nationalized, because of
their small size and regional focus.[2] Most of the old private-sector
banks are closely held by certain communities their operations are
mostly restricted to the areas in and around their place of origin. Their
Board of directors mainly consist of locally prominent personalities from
trade and business circles. One of the positive points of these banks is
that, they lean heavily on service and technology and as such, they are
likely to attract more business in days to come with the restructuring of
the industry round the corner.
List of the old private-sector banks in India[edit]
Name
1. Bank of punjab merged with Centurion Bank to form
Centurion Bank of Punjab in June 2005
2. City Union Bank
3. Dhanlaxmi Bank
4. Federal Bank
5. ING Vysya Bank
6. Jammu and Kashmir Bank
7. Karnataka Bank
8. Karur Vysya Bank
9. Lakshmi Vilas Bank
10. Nainital Bank
11. Bipasa Bank
12. SBI Commercial and international Bank
13. South Indian Bank
Year
established
1943
1904
1927
1931
1930
1938
1924
1916
1926
1922
1943
1955
1929
1921
1943
1964
1920
Year
1994
1989
1994
1995
1996
1994
2003
2005
Unknown
Unknown
2010
1994
References[edit]
1.
2.
3.
Reserve bank
Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Bharatiya Mahila Bank
Canara Bank
Central Bank of India
Corporation Bank
Dena Bank
IDBI Bank
Indian Bank
Indian Overseas Bank
Oriental Bank of Commerce
Post Bank of India
Punjab & Sind Bank
Punjab National Bank
Axis Bank
Catholic Syrian Bank
City Union Bank
Development Credit Bank
Dhanlaxmi Bank
Federal Bank
HDFC Bank
ICICI Bank
IndusInd Bank
ING Vysya Bank
Jammu & Kashmir Bank
Karnataka Bank
Karur Vysya Bank
Kotak Mahindra Bank
Lakshmi Vilas Bank
Nainital Bank
RBL Bank (Ratnakar Bank)
South Indian Bank
Tamilnad Mercantile Bank Limited
Yes Bank
Cooperative banks
Buldhana Urban
Cosmos Bank
Repco Bank
Saraswat Bank
Shamrao Vithal Co-op. Bank
Foreign banks
ABN AMRO
Abu Dhabi Commercial Bank
Antwerp Diamond Bank
Australia and New Zealand Banking
Group
Bank Internasional Indonesia
Bank of America
Bank of Bahrain and Kuwait
Bank of Ceylon
The Bank of Tokyo-Mitsubishi UFJ
Barclays
Citibank India
Credit Suisse
Deutsche Bank
HSBC
The Royal Bank of Scotland
Scotiabank
Standard Chartered
BANCS
Cashnet
CashTree
Cirrus
Interbank networks
IMPS
MITR
NFS
PLUS
RuPay
Defunct banks
Bank of Chettinad
Bank of Madras
Bank of Madura
Bank of Rajasthan
Bengal Central Bank
Bharat Overseas Bank
Centurion Bank of Punjab
Chartered Bank of India, Australia and
China
Commercial Bank of India
Dass Bank
Exchange Bank of India & Africa
Global Trust Bank
Grindlays Bank
Imperial Bank of India
Lord Krishna Bank
Madhavpura Mercantile Cooperative
Bank
Mercantile Bank of India, London and
China
Nath Bank
Nedungadi Bank
New Bank of India
Oriental Bank Corporation
Oudh Commercial Bank
Palai Central Bank
Pandyan Bank
State Bank of Indore
State Bank of Saurashtra
United Industrial Bank
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2.
Credit Cards,
3.
Debit Cards,
4.
Smart Cards,
5.
6.
7.
Mobile Banking,
8.
Internet Banking,
9.
Advantages of E-Banking
The operating cost per unit services is lower for the banks.
2.
3.
4.
5.
6.
The customer can easily transfer the funds from one place to
another place electronically.
banking issues.
E-banking, which includes any transaction you perform using the
Internet or a mobile device, is becoming more common. Making
electronic payments, paying bills and transferring money between
accounts are all elements of e-banking, which can be done from
your cell phone or computer. Despite potential risks of identity
theft and account hacking and less personal contact with the
bank, e-banking presents a number of advantages to customers.
Convenience
The ability to do banking from home at any hour is one of the
most common benefits of online, or e-banking. You can move
money from checking to savings or make electronic payments
24/7, even when the bank is closed. Some customers also
appreciate the real-time banking information to check balances in
checking and savings accounts.
Portability
Electronic banking also creates a more mobile bank for
customers. Mobile apps allow customers to check balances and
perform routine bank transactions from anywhere they can get
phone reception. Alerts to low balances are offered by some bank
apps.
Cost Savings
E-banking offers some cost-savings opportunities for customers.
By paying bills online, you reduce the number of checks you have
to write. This saves you on buying new check pads and paying for
stamps and envelopes. Also, with broader access to banks
operating online, you can price shop and find lower fees and more
favorable interest rates.
Track Spending
Some bank customers who previously did little to no budgeting
now monitor basic spending habits using spending trackers
provided by online banks. When you make purchases with a debit
card or pay bills online, programs update your spending chart by
cataloging the expense as utility, car payment or another type of
bill. These trackers are somewhat limited because they can't
directly monitor cash spending. However, some bank apps allow
you to manually record grocery expenses or other cash outflows
to fill those gaps.
Industry Benefits
Banks can minimize labor and supply costs by allowing customers
to self-service certain types of transactions, and save money on
paper and postage by sending statements over the Internet. While
some people believe ATMs and e-banking go against traditional,
personalized banking, others point to the increased efficiency and
flexibility.
References
KeyBank: Advantages of Online Banking
DepositAccounts.com: Benefits of Online Banking
Bankrate.com: The Benefits of Online Banking
About the Author
Neil Kokemuller has been an active business, finance and
education writer and content media website developer since
2007. He has been a college marketing professor since 2004.
Kokemuller has additional professional experience in marketing,
retail and small business. He holds a Master of Business
Administration from Iowa State University.
Photo Credits
Comstock/Comstock/Getty Images
Test your knowledge
Transactional activities
Credit Cards
Debit Cards
Smart Cards
Mobile Banking
Internet Banking
Telephone Banking
The customers can obtain funds at any time from ATM machines.
The credit cards and debit cards enables the Customers to obtain
discounts from retail outlets.
security issues, (ii) legal issues and (iii) regulatory and supervisory
issues. Accordingly, the following guidelines are issued for
implementation by banks. Banks are also advised that they may be
guided by the original report, for a detailed guidance on different issues.
These issues can be defined as:
A.
B.
C.
Dhawesh Pahuja
Advocate in Banglore
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Process
Online banking (or Internet banking) allows customers to conduct
financial transactions on a secure website operated by their retail
or virtual bank, credit union or building society.
Features
Transactional (e.g., performing a financial transaction such as an
account to account transfer, paying a bill, wire transfer... and
http://knowingbank.blogspot.com/