The Reserve Bank of India is the central bank in India. It is the banker of the government, the commercial banks, and some of the financial institutions. All India’s largest banks were nationalized by 1980. There are four types of commercial banks. First, the State Bank of India with its subsidiaries, which is the biggest commercial bank in the country. The States Bank also carries out some of the functions of the Reserve Bank of India. Second are the nationalized banks. Third are the foreign banks, and fourth are the nationalized Indian Banks. Many of the large banks in India also provides as Merchant Bank.
The entry of private banks into the market has lead to increased pressure on the public sector banks (nationalized). They are now striving to excel in fields where they once have sort of monopoly (in domestic market!).
Hello....Just to mention......SBI after merger with its associate banks will become the Dady of all the banks far ahead with all the private banks combined....................
have u heard the latest news that the RBI has fixed deposits of Sahara bank and now the Sahara group were going to court.
let's see what happened in this sector in future..
Reserve bank in India is a Central bank in India? What India have to do with U.S Economy? I don't get it the same goes with like German bank or Polish bank that they have Reserve bank and banks borrow money from Reserve and Reserve Institution with is FED charge bank interest rates and everyone is happy around!
I watch advertisemnt of Indian bank on TV. Like SBI bank, that bank has branch in many countires. The bank of India offeres you many thing, different different banks have different different scheam. You should be very smart to choose best one.
SBI bank in India? or CITI bank in U.S? -
06-22-2008
I don't know how SBI bank work because I live in U.S and I know banking system in U.S the best bank in U.S is CITI and Bank of America because those are the biggest bank and have extreme well branding!
Banking in India -
06-04-2008
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