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Q.no 1. Emergence and importance of commercial bank in India?
Answer: A commercial bank is a type of bank that provides services such as accepting deposits, making business loans, and offering basic investment products.
Commercial bank can also refer to a bank or a division of a bank that mostly deals with deposits and loans from corporations or large businesses, as opposed to individual members of the public (retail banking).
The name bank derives from the Italian word banco "desk/bench", used during the Renaissance era by Florentine bankers, who used to make their transactions above a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times.
Some have suggested, the word traces its origins back to the Ancient Roman Empire, where moneylenders would set up their stalls in the middle of enclosed courtyards called macella on a long bench called a bancu, from which the words banco and bank are derived. As a moneychanger, the merchant at the bancu did not so much invest money as merely convert the foreign currency into the only legal tender in Rome – that of the Imperial Mint.
Commercial bank in India: The Commercial Bank of India, also known as Exchange Bank was a bank which was established in Bombay Presidency (now Mumbai), in 1845 of the British Raj period. The bank failed in the crash of 1866, after successfully operating for 20 years. The bank had eight branches, exclusive of the head office at Bombay, viz: London, Calcutta, Hong Kong, Foochow, Shangai, Hankow, Yokohama and Singapore, with an agency for the purchase of bullion at San Francisco. Commercial Bank of India then was winded up as directed by the Master of the Rolls, under the corresponding section of the Companies Act of England, where the company was registered under the Indian law and was not registered in England, but was carrying on business in England.
Banking in India
Reserve bank Reserve Bank of India
Public sector banks Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Bhartiya Mahila Bank
Canara Bank
Central Bank of India
Corporation Bank
Dena Bank
IDBI Bank
Indian Bank
Indian Overseas Bank
Oriental Bank of Commerce
Punjab & Sind Bank
Punjab National Bank
State Bank of Bikaner & Jaipur
State Bank of Hyderabad
State Bank of India
State Bank of Mysore
State Bank of Patiala
State Bank of Travancore
Syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank
Private sector banks 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
South Indian Bank
Tamilnad Mercantile Bank Limited
Yes Bank
Cooperative banks
Cosmos Bank
Saraswat Bank
Shamrao Vithal Co-op. Bank
Pune Peoples Cooperative Bank
Anyonya Co-operative Bank
Mahila SEWA Cooperative Bank
Mahesh Co-operative 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
Regional Rural Banks Andhra Pragathi Grameena Bank
Kerala Gramin Bank
Bangiya Gramin Vikash Bank
Gramin Bank of Aryavart
North Malabar Gramin Bank
Paschim Banga Gramin Bank
Sarva UP Gramin Bank
South Malabar Gramin Bank
Uttar Bihar Gramin Bank
Vananchal Gramin Bank
List of regional rural banks in Uttar Pradesh
Interbank networks
BANCS
Cashnet
CashTree
Cirrus
IMPS
MITR
NFS
PLUS
RuPay
Defunct banks Alliance Bank of Simla
Arbuthnot & Co
Bank of Bombay
Bank of Calcutta
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
Grindlays Bank
Imperial Bank of India
Lord Krishna Bank
Mercantile Bank of India, London and China
Nath Bank
Oriental Bank Corporation
Palai Central Bank
State Bank of Indore
State Bank of Saurashtra
Related topics
Banking Codes and Standards Board of India
ATM usage fees in India
De-Materialisation (DEMAT)
Foreign Exchange (FOREX)
Indian Financial System Code (IFSC)
List of banks in India
National Electronic Fund Transfer (NEFT)
National Payments Corporation of India
Real Time Gross Settlement (RTGS)
Structured Financial Messaging System (SFMS)
Prepaid Payment Instruments in India
