Indian Banking System: Growth, Challenges and Government Initiatives [Hardcover]

ABOUT THE BOOK:- Banks are one of the most important parts of any country. In this modern time money and its necessity is very important. A developed financial system of the country ensures to attain development. A modern bank provides valuable services to a country. Bank attracts depositors by introducing attractive deposit schemes and providing rewards or return in the form of interest. Banks providing different kinds of deposit schemes to its customers. It enables to create banking habits or saving habits among people. The present book highlights, considers and discusses various contemporary issues of banking. It is hoped that the present book will meet fully the requirements of both categories of readers, practical and academics. ABOUT THE AUTHOR:- Dr. Rajib Mallik is an Assistant Professor at National Institute of Technology Agartala. His areas of interest are Finance, Marketing and Accounting. He had completed his Bachelor of Pharmacy from Regional Institute of Pharmaceutical Science and Technology (RIPSAT), under Tripura University. He did his Master of Business Administration (MBA) in Finance from Tripura University. He had obtained his Post-graduate Diploma in Marketing from Rajendra Prasad Institute, Mumbai. DR. Mallik has qualified UGC, NET Exam in Management (2009). He received his Ph.D. degree in Management from Singhania University, Rajasthan in the year 2012. He has rich experience in teaching, research and administration. He has several international research publications in peer reviewed and multi indexed Journals. He has participated and presented his research work in many international and national conferences. He is also a member of Hyderabad Institute of Social Sciences (HISS), Telangana. He is a Gold Medalist in his Bachelor of Pharmacy. He has been awarded many times from several reputed organization for outstanding achievements and remarkable role in the field of management education. Dr. Suman Kalyan Chaudhury (M.Com., MBA. Ph.D.) is a distinguished scholar in the field of Finance & Accounting and a dedicated researcher and teacher. He is currently Post-Doctorate Scholar, Department of Business Management, F.M. University, Odisha. He has published 85 research papers in different referred National and International journals and magazines & editor of 43 books as well as author of 6 books. At present, under his guidance four research scholars are doing Ph.D. in the area of Management and seven scholars have been awarded Ph.D. He has innate curiosity and his passion for management and industry is unique in style. His experience in this vast field is unparallel. He has engaged number of students in cutting edge research. His area of interest on research covers Financial Management, Accounting, Entrepreneurship, Micro Finance and Corporate Governance. To his credit, Dr. Chaudhury has 15 years of teaching experience, 3 years Industry experience along with 8 years research experience. Currently, Dr. Chaudhury is working in Berhampur University, Odisha as a Faculty Member, in P.G. Department of Business Administration. Dr. Sukanta Sarkar (MA, Ph.D.) is associated with Faculty of Management Studies, ICFAI University, Agartala (Tripura). He did bachelor and master degree in economics from Tripura University. He awarded doctorate degree from Singhania University for his work on rubber tappers. Currently, he is post-doctorate scholar in Berhampur University, Odisha. He qualified UGC-NET Exam in December, 2006. He presented many research papers in various seminars, conferences and symposiums. Various research papers have been published in foreign and national journals. He has authored books relating to Corruption, Human Trafficking, Orphan Children, Rubber Plantation, Corporate Social Responsibility, Handicraft Workers, Deforestation, Environmental Pollution, Agrarian Economics & Social Security. CONTENTS:- Preface . 9 Abbreviations . 11 PART - I TYPE OF BANKS 1. An Overview . 17 • Introduction • Bank: Definition • Origin and Development • Types of Banks • Investment Bank • Industrial Bank • Agricultural Bank • Exchange Bank • Savings Bank • Central Bank • Cooperative Bank • Development Banks • Specialized Banks • Public Sector • Private Sector Banks • Functions of Commercial Bank • Mortgage bank • Niche Bank • Types of Banking • Unit Banking • Group Banking • Mixed Banking • Chain Banking • Narrow Banking • Rural Banking • Universal Banking • Online Banking • Mobile Banking • Offshore Banking • The Differences • References. 2. Reserve Bank of India . 65 • Introduction • History • Importance of Central Bank • The Structure • The Subsidiaries • Its Functions • Monetary Policy • References. 3. Commercial Bank . 75 • Introduction • The type • Evolution • Functions • Types of Loan • Its nationalization • Deposit Insurance and Credit Guarantee Corporation of India • Role of the Bank in the Economic Development • Non-Performing Assets (NPA) • Conclusion • References. 4. Regional Rural Bank . 85 • Introduction • History • Needs • At Home • Procedure for Appointment • Written Examination • Amalgamation of RRBs • RRB Act 1976 • Challenges Ahead! • Conclusion • References. 5. Cooperative Bank . 97 • Introduction • History [Cooperative Movement] • What is Cooperative Bank? • Basic Needs • Characteristics • Bank Structure • Cooperative Banks in India • LDB • UCB • Restructuring Cooperative Bank • Challenges Ahead! • Conclusion • Reference. 6. Islamic Bank . 111 • Introduction • What is Islamic Banking? • The Needs • Historical Aspect • Sources of Income • Global Perspectives • Operation in India • Infrastructure Development • Conclusion • References. 7. Microfinance . 125 • Introduction • What is Microfinance? • Microcredit • SHG Group • Microfinance Institutions • NGOs • Scene in South Asia • Experience of Bangladesh • According to Westover (2008), Dr. Muhammad Yunus, the country’s • Experience of India • Microfinance and Poverty Eradication • Microfinance and Women Empowerment • Empowerment of Women • Conclusion • References. 8. National Bank for Agriculture and Rural Development [NABARD] . 147 • Introduction • What Is Nabard? • Its History • Its Functions • Rural Development • NABARD [Amendment] Bill • Conclusion • References. PART - II FUNCTIONS AND ACTIVITIES 9. Nationalization of Indian Banks . 159 • Introduction • The Reasons behind! • The drive in India • Liberalization in 1990s • The RBI Review Panel • Conclusion • References. 10. Private Sector Banks. 165 • Introduction • What is Private Bank? • Significance of Private Banks • Private scene in India • City Union Bank • Dhanlaxmi Bank • Federal Bank • ING Vysya Bank • Jammu and Kashmir Bank • Karnataka Bank • Karur Vysya Bank • The Nainital Bank • Development Credit Bank • South Indian Bank • Tamilnad Mercantile Bank • The Catholic Syrian Bank • HDFC Bank • ICICI Bank • Kotak Mahindra Bank • Axis Bank • YES Bank • IndusInd Bank • New Private Sector Bank • Private to National Bank • Conclusion • References. 11. Public Sector Banks . 177 • Introduction • What is Public Bank? • Its Importance • Bank Nationalisation drive • Public Banking in India • Allahabad Bank • Andhra Bank • Bank of Baroda • Bank of India • Bank of Maharashtra • Bharatiya Mahila Bank • Canara Bank • Central Bank of India • Corporation Bank • Dena Bank • IDBI Bank • Indian Bank • Indian Overseas Bank • Oriental Bank of Commerce • Punjab National Bank • Punjab & Sind Bank • Syndicate Bank • UCO Bank • Union Bank of India • United Bank of India • Vijaya Bank • Challenges Ahead! • Conclusion • References. 12. Development Banks . 191 • Introduction • What is Development Bank? • Importance of Development Bank • Development Bank in India • State Financial Corporation • State Industrial Development Corporation • National Industrial Development Corporation [NIDC] • Industrial Finance Corporation of India [IIFC] • Industrial Investment Bank of India [IIBI] • The Industrial Development Bank of India [IDBI] • Industrial Reconstruction Bank of India [IRBI] • Unit Trust of India [UTI] • Export-Import Bank of India [EXIM BANK] • National Bank for Agriculture and Rural Development [NABARD] • Land Development Banks [LDBs] • Small Industries Development Bank of India [SIDBI] • Industrial Credit and Investment Corporation of India [ICICI] • Conclusion • References. 13. Bank Balance Sheet . 201 • Introduction • Explanation-General Balance Sheet Categories • Assets • Liabilities • Contingent Assets and Contingent Liabilities • Bank Assets • Cash and Investment • Fixed Assets • Bill Discounted • Bank Liabilities • Contingent Liabilities • Bills for Collection • Bills of Acceptance and Guarantee • Bill of exchange • Promissory Notes • Dishonor of Bills • Renewal of Bills • Accommodation Bill • References. 14. Credit Management . 221 • Introduction • Principles of Bank Lending • Types of Loan • Secured Loan • Unsecured loans • Demand loans • Subsidized Loans • Unsubsidized Loans • Concessional loans • Retail Credit • Business Credit • Credit Process • Recovery and NPA Management • Strategies for Overcoming NPAs • Preventive Management • Curative Management • Credit Monitoring • Security against Bank Loan • References. 15. Customers . 247 • Introduction • Types of Customer • Types of Account Holders • General Precautions [Opening/ Operating Accounts] • References. 16. Non-Banking Financial Intermediaries [NBFI] . 257 • Introduction • What is NBFI? • Their Importance • The NBFIs in India • Conclusion • References. Bibliography . 267 Index . 269 The Title 'Indian Banking System: Growth, Challenges and Government Initiatives written/authored/edited by Rajib Mallik, Suman Kalyan Chaudhury, Sukanta Sarkar', published in the year 2018. The ISBN 9789386397201 is assigned to the Hardcover version of this title. This book has total of pp. 279 (Pages). The publisher of this title is Kalpaz Publications. This Book is in English. The subject of this book is Economic / Banking. Size of the book is 14.34 x 22.59 cms Vol:-