SEMINAR ONPUBLIC BANKS

The word of bank is derived from the Italian banca, which is derived from German and mean bench.

The term bankrupt and broke is similarly derived from banca rotta.

Which refers to an out of business bank, having its bench physically broken.

Money lenders in Northern Italy originally did business in open areas or big open rooms with each lender working from his own bench or table.

BANK

Banking in the modern sense of the word can be traced to medieval and early Renaissance Italy, to the rich cities in the north like Florence, Venice and Genoa.

The Bardi and Peruzzi families dominated banking in 14th century Florence, establishing branches in many other parts of Europe. Perhaps the most famous Italian bank was the Medici bank, set up by Giovanni Medici in 1397.

The earliest known state deposit bank, Banco di San Giorgio (Bank of St. George), was founded in 1407 at Genoa, Italy.

HISTORY OF BANK

All government owned banks fall in this variety. Besides the Reserve Bank of India, the State Bank of

India and its associate banks and about 20 nationalized banks, all comprises of the public sector banks.

Many of the regional rural banks that are funded by the government banks can also be clubbed in this genre.

PUBLIC SECTOR BANKS

1. State Bank of India (SBI)

2. HDFC Bank

4. ICICI Bank

5. Punjab National bank(PNB)

6. UTI Bank (AXIS Bank)

7. Hongkong & Shanghai Banking Corp(HSBC)

8. Kotak Mahindra Bank

9. Sundaram Bank

10. Oriental Bank of Commerce

Top 10 Banking in Public & Private Sector Banking

Public Sector bank means any Government Sector Bank/Institute that goes public... means that issues it share to general public.. It also has a greater share of government(more than 50%) so that the main motto of social welfare other than Maximising Profit remains.

Where as Private Sector Banks are those Banks where the management is controlled by Private individuals and Government does not have any say in the management of these banks. Maximising profit is the basic motto.

DIFFERENES BETWEEN PUBLIC & PRIVATE SECTOR BANKS

•Post offices. •Mutual fund •Share market •Insurance. •Money lenders •Family and friends

Main competitors for banking sector

•Banking industry has been undergoing a rapid transformation. •Banks today are market driven and market responsive.

•With the entry of new players and multiple channels, customers (both corporate and retail) have become more discerning and less "loyal" to banks.

This makes it imperative that banks provide best possible products and services to ensure customer satisfaction.

•They have been managing a world of information about customers - their profiles, location, needs, requirements, cash positions, etc.

Present scenario

•They are focusing on region-specific campaigns rather than national media campaigns as effective strategy for a diverse country like India.

•Customer-centricity also implies increasing investment in technology.

•Apart from the Mobile Banking, including of SMS Banking, Net Banking and ATMs are the major steps taken by the banks in India towards modernization.

Cont…

•Demat account •Lockers •Cash management •Insurance product •Mutual fund product •Loans •ECS(Electronic clearance system) •Taxes

Services given by banks

The State Bank of India, popularly known as SBI, is one of the leading banks in India. The bank traces its origin to the first decade of the 19th century. Later on, it was merged with the Imperial Bank. In the year 1955, the Government of India nationalized the Imperial Bank along with the Reserve Bank of India. Ever since that time, the bank acquired its present name that is SBI.

The State Bank of India is India's largest commercial bank. The bank has been striving sincerely to adhere to the efforts of providing utmost customer satisfaction to the best possible

STATE BANK OF INDIA (PUBLIC SECTOR BANK)

Head quarters Mumbai, Maharashtra, India Key people O. P. Bhatt(Chairman) Products Investment Banking, Consumer Banking, Commercial Banking, Retail Banking, Private Banking, Asset Management Pensions ,Mortgages, Credit Cards Revenue ▲ 85,962.07 crore (US$18.65 billion) (2010) Profit ▲ 9,166.05 (US$198.9) (2010) Total assets ▲ $323.04 billion (2010) Total equity ▲ $18.519 billion (2010) Owner(s) Government of India

CONT…

THANK YOU