| Banksloanonline » Banks » Banking Services » Banking Services in India |
Banking Services in India |
| The efficient banking services in India have made financial decisions easier for the people to make. With a smooth functioning of the banking services the growth and development of the field has indeed been on an upward swing and thus benefiting the people associated with the industry, all the more. |
To understand the banking services in India it is but imperative to first understand the history and layout of the same within the country. A few of the most significant points relating to the same have been pointed out for you:
History of banking in India: The history of banking in India dates back to the 17th century when the first traditional bank was set up. The year was 1786 and the name of the bank was General Bank of India.
Then the next set of banks was established during the regime of the British Raj. These banks were clubbed under the name Imperial banks and they introduced several western concepts of banking with them. The next set of banks were established post independence and ever since the sector has only seen tremendous growth and development. The effectiveness of the banks and the fact that its reach continued to grow even stretching to the remote corners of the country made the banking services of India more accessible to the common man.
Banking services in India: The nationalization of banks, establishing of new banks with better reforms and policies and introduction of the numerous facilities and amenities of the Indian banks are significant features of the banking services of India. Some of the other popular characteristics of the banking services are the numerous ATM's, internet banking and phone banking etc.
Major Banks in India: Some of the major banks operating in India and in the various metropolitan cities as well as smaller towns and villages are:
State Bank of India
HDFC
ICICI
Standard Chartered
Bank of India
Punjab National Bank
|
|
|
