Facts of Banking System for Bank Exam

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    Facts of Banking system for Bank exam

    The first, the oldest, the largest, the biggest, get all such typesof

    informations about Banking in India in this section.

    The first bank in India to be given an ISO Certification

    -Canara Bank

    The first bank in Northern India to get ISO 9002 certification for their selected branches

    -Punjab and Sind Bank

    The first Indian bank to have been started solely with Indian capital

    -Punjab National Bank

    The first among the private sector banks in Kerala to become a scheduled bank in 1946 under theRBI Act

    -South Indian Bank

    India's oldest, largest and most successful commercial bank, offering the widest possible range of

    domestic, international and NRI products and services, through its vast network in India and

    overseas-State Bank of India

    India's second largest private sector bank and is now the largest scheduled commercial bank in

    India-The Federal Bank Limited

    Bank which started as private shareholders banks, mostly Europeans shareholders-Imperial Bank of India

    The first Indian bank to open a branch outside India in London in 1946 and the first to open abranch in continental Europe at Paris in 1974

    -Bank of India, founded in 1906 in Mumbai

    The oldest Public Sector Bank in India having branches all over India and serving the customers

    for the last 132 years-Allahabad Bank

    The first Indian commercial bank which was wholly owned and managed by Indians-Central Bank of India

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    Bank of India was founded in 1906 in Mumbai. It became the first Indian bank to open abranch

    outside India in London in 1946 and the first to open a branch in continental Europe at

    Paris in 1974.

    The following are the list of Public SectorBanks in India

    Allahabad BankAndhra BankBank of BarodaBank of IndiaBank of Maharashtra

    Canara BankCentral Bank of IndiaCorporation BankDena BankIndian BankIndian Overseas BankOriental Bank of CommercePunjab & Sind BankPunjab National BankSyndicate BankUCO Bank

    Union Bank of IndiaUnited Bank of IndiaVijaya Bank

    List of Private Banks in India

    Bank of PunjabBank of RajasthanCatholic Syrian BankCenturion Bank

    City Union BankDhanalakshmi BankDevelopment Credit BankFederal BankHDFC BankICICI BankIDBI BankIndusInd Bank

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    ING Vysya BankJammu & Kashmir BankKarnataka BankKarur Vysya BankLaxmi Vilas Bank

    South Indian BankUnited Western BankUTI Bank

    List of Foreign Banks in India

    ABN-AMRO BankAbu Dhabi Commercial Bank

    Bank of Ceylon

    BNP Paribas BankCiti Bank

    China Trust Commercial Bank

    Deutsche Bank

    HSBCJPMorgan Chase Bank

    Standard Chartered Bank

    Scotia BankTaib Bank

    Upcoming Foreign Banks In India

    By 2009 few more names is going to be added in the list of foreign banks in India. This is as anaftermath of the sudden interest shown by Reserve Bank of India paving roadmap for foreign

    banks in India greater freedom in India. Among them is the world's best private bank by

    EuroMoney magazine, Switzerland's UBS.The following are the list of foreign banks going to set up business in India

    Royal Bank of Scotland

    Switzerland's UBS

    US-based GE Capital

    Credit Suisse Group

    Industrial and Commercial Bank of China

    Merrill Lynch is having a joint venture in Indian investment banking space -- DSP MerrillLynch. Goldman Sachs holds stakes in Kotak Mahindra arms.

    GE Capital is also having a wide presence in consumer finance through GE Capital India.

    India's GDP is seen growing at a robust pace of around 7% over the next few years, throwing upopportunities for the banking sector to profit from