History of Banking in India 4/4

Banking Products:

1)      Liabilities: Retail - Savings Account, Fixed Deposits.

Corporate – Current Account, Fixed Deposits, Cash Management Services

2) Assets: Retail – Personal loans, Auto Loans, Home Loans, Educational Loans

                 Corporate – Term Loans, Over Draft, Cash Credit

3) Asset Management: Life Insurance, General Insurance, Mutual Funds

4) Trade:          Remittance, Foreign Exchange, EEFC account, Letter of Credit, Bank Guarantee, Packing Credit.

5) Derivatives:             Swap, Futures, Options.

POINTS TO REMEMBER:

1. 25 Paisa coin withdrawn on 1^st July, 2011
2. 150 Rupee coin introduce in 2011 as 150 Years of remembrance of “Rabindranath Tagore (1861-2011).
3. Price Increase means Inflation.
4. Inflation should be below 4 %( minimum) and 5 %( maximum) but as on now it is 16 %( 2011).
5. To Control Inflation RBI uses Repo and Reverse Repo.
6. Foreign Money:

a)      NRI Deposits

b)      Remitance

c)      FDI

d)     Export Earningss

e)      Interests

f)       Profits

g)      Miscellaneous Amount

h)      FII ( Foreign Institution Investors

i)        GDR/ADR (Global Depository Receipts/American Depository Receipts)

j)        Loans

k)      ECB ( External Commercial Borrowings)

l)        World Bank/ADB ( Asian Development Bank) loans

7. IDBI – Industrial Development Bank of India is public sector bank from beginning.

End of History of Banking...

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COPY-WRITE OWNED BY PRAMOD KUMAR