How many banks merge in 1921 ?
In 1921 there banks merge.
# Bank of Bangal [1806 established]
# Bank of Bombay [1840 established]
# Bank of Madras [1843 established]
These banks were merge 1921.
There are two type of banks.
There are two type of banks
1. schedule bank
2. Non-schedule bank
Those bank listed in RBI 1934 Act, called Schedule banks. And those are not listed called Non-Scheduled Banks.
How Many types of Sehedule Banks ?
There Two Types Of Sehedule banks....
# Commercial Bank
# Non-Commercial Bank
Commercial Banks : We can open an account in these banks.
Non-Commercial Banks : We can not open an account in these banks.
How Many types of Commercial Banks ?
There Two Types Of Sehedule banks....
# Public Sector Banks
# Private Sector Banks
Public Sector Banks : We call public sector banks where there is 51% shares or more than RBI
Private Sector Banks : Private sector bank is a bank where 51% of the shares belong to the Indian government.
Natioanl Banks
RRB- Regional Rural Bank
In 19 July, 1959 Nationalized 14 Banks. It was athaurised by P.M.(Smt. Indira Gandhi).
# Any such bank whose paid-up value was 50 million was nationalized.
# In second phase 15th April, 1980 Any such bank whose paid-up value was 200 carore was nationalized.
14 Nationalised Banks Lists :
1. AB :- Allahabad Bank
1. AB :- Allahabad Bank
2. PNB :- Punjab National Bank
3. BOB :- Bank of Baroda
4. SYB :- Syndicate Bank
5. CBI :- Central Bank of India
6. UBI :- United Bank of India
7. BOM :- Bank of Bombay
8. IB :- Indian Bank
9. IOB :- Indian Oversis Bank
10. VB :- Vijya Bank
11. DB :- Dena Bank
12. UBI :- United Bank of India
13. UB :- Uco Bank
SBI - State Bank of India
SBI banks SBI Bank is also known as Mini RBI
# SBI Head Quater in Mumbai
# First SBI Branch open in Sanghai
# In 26th Aug, 2010 Bank of Indore merge with SBI.
What is CBS in Banking
CBS is a Core banking solution. Here is "core" Define a terms -
# C - Centerlize
# O - Online
# R - Real time.
# E - Exchange Bank Soultion.
Any where deposit, Any where widhrawl.
Visa
V - Visa
I - Information
S- Service and
A - Association
C V V Code Verification Value
Debit Card First Payment of buying
Credit Card First buy then Payment
DC/CC - We also called it plastic money.