State Bank of India

The State Bank of India evolution can be traced in the 19th century. It initiated with the Bank of Calcutta
establishment in 1806 in Calcutta. After three years in 1809, this bank came to be known as the Bank of Bengal.

This was the foremost joint-stock bank of the British India that was established under the Government of Bengal
sponsorship. Following it, the Bank of Bombay was launched in the year 1840 and in 1843 the Bank of Madras.

These three banks commanded the banking scenario in India, until they were brought together in 1921 to form the
Imperial Bank of India.

Turning Point

The turning point in the State Bank of India history refers to the launch of the first Five Year Plan in 1951. This Plan
focused in serving the Indian economy and the rural sector, in particular.

Owing to this Plan, the commercial banks including the Imperial Bank of India offered their modest services to the
urban sector. Above all, they were not properly equipped to meet the growing needs of the economic revivals that
were taking shape in the rural areas.

In order to serve the economy and rural sector particularly, the recommendation of All India Rural Credit Committee
lead to the formation of state- sponsored bank.

The All India Rural committee took over the Imperial Bank of India and integrated it with the state associate or state
owned banks. Owing to this, an act was passed in the year 1955 and State Bank of India was launched. Thereby, it
became very powerful and controlled the state banking system and later an act was passed such that SBI could make
state-associated banks as its own subsidiaries.

SBI Role

The State Bank of India came as a pacesetter and carried out its operations with 480 offices comprising of sub offices,
branches and three Local Head Offices that were inherited from the Imperial Bank.

The State Bank of India involved and served to meet the needs of the customers such that it served the heterogeneous
monetary needs.

Branches

The corporate SBI is in Mumbai. There are several establishments in and out of Mumbai, besides the corporate
center.

They have 14 local head offices as well as 57 Zonal Offices, sited at major cities in India. SBI has nearly 10000
branches and a good network to cater its customers throughout India.

It offers all the regular features, products and services identical to other nationalized banks in India.

Network of SBI Bank

SBI has 52 Foreign Offices located in 34 countries and serves its foreign customers. The branches are in Australia,
Bangladesh, Bhutan, Bahamas, France, Canada, Hong Kong, Maldives, Nepal, Russia, Sri Lanka, UK, USA, and
more.

Bank of Baroda
Bank of Baroda was founded in 1908 at Baroda, and since its establishment it has been expanding and growing
successfully.

The Bank of Baroda has taken steps towards values and commitment that is apparent in its presence throughout the
world.

Being one of the nationalized banks in India it offers uncompromising service to its employees, customers and
stakeholders.

Ethics

The Bank of Baroda invested initial capital Rs. 10 Lakhs. Sayajirao Gaekwad planned this beginning with a visionary
insight and came to be recognized as Bank of Baroda.

Between the years 1913 to 1917, nearly 87 banks succumbed to financial crisis and this bank survived the depression
owing to its business prudence, uncompromising concern, financial integrity and concern towards its clients and
customers.

This has been transcended to the present ages and is the motto of this bank.

Services

The services offered are Retail Banking, Wholesale Banking, Wealth Management, Product Enquiry, Interest Rates,
Rural Banking, SME Banking, Internet Banking, Baroda d-trading, Demat, NRI Remittances, Loan Products,
Debit/ATM Cards and Deposit Products.

Bank of Baroda being one of the nationalized banks in India takes cautioned care to look after the shareholders
requirements. The various benefits offered to the shareholders include transmission of shares, bonds related to
transfer, revalidation, change of names or address, investors services department, lodgment of shares, means of
communication, de-materializing shares, duplicate dividend warrants or share certificate, investor grievance
committee, stock market data and electronic clearing services.

Personal Services include loans, lockers, deposits, credit and debit cards and services. The corporate services are
deposits, loans, wholesale banking, services and advances. International services include offshore banking, NRI
Services, finance in import and export, international treasury, foreign currency credits, correspondent banking facility
and external communication borrowings. The treasury service encompasses domestic and Forex operations.

Rural Facilities
The rural facilities includes domestic services namely, deposits, lockers, services and priority sector advances.
Priority sector advances include small business, small scale industries, retail loans; agriculture related loans, Baroda
general credit care and sponsored schemes of government of India.

Branches

The branches of Bank of Baroda in India are 2700, computerized branches are 2176, branches connected with leased
lines are 450 and branches with e-payment product are 340 in 53 centers, branches with BOBCASHREACH are 58 in
53 centers for corporate and tele-banking, pc banking and other branch banking are 291 in 7 cities namely, Mumbai,
Chennai, Hyderabad, Bangalore, Delhi, Pune and Ahmedabad. Inter bank electronic transfer is with 206 branches and
SMS based mobile banking services are 423 branches.

Punjab National Bank

Punjab National Bank has the largest branch networks, and is the second largest commercial bank that is government
owned in India.

This bank has over 3.5 crore customers and the assets for the financial year 2007 showed US $60 billion.

The bank was launched at Lahore in 1895. this was founded by various swadeshi movement leaders namely, Lala
HarKishenlal, Prabhu Dayal, Lala Dholan Dass, Lala Lalchand, Bakshi Jaishi Ram, and few others. This bank was
one among the nationalized banks in India with other banks.

Overseas Offices

Punjab National Bank has bank in the United Kingdom, besides branches in Kabul and Hong Kong. It also has
representative offices in Shanghai, Almaty, and Dubai.

Products and Services offered

Punjab National Bank offers regular products such as savings fund account that includes PNB Prudent Sweep, PNB
Mitra SF, Total Freedom Salary Account and PNB Vidyarthi SF Account.

Current accounts such as PNB Gaurav, Vaibhav and Smart Roamer are some of the products offered. Fixed deposit
schemes such as Multi benefit deposit, Spectrum fixed deposit schemes, Mahabachat scheme and Anupam Account.

Credit schemes such as flexible housing loan, personal loan, car finance and credit cards. Social Banking, Corporate
Banking and Business sectors are also some of the valuable products and services offered by the Punjab National
Bank, besides locker facilities, PPF and various other e-services.

Punjab National Bank had 4497 offices and being the largest nationalized banks in India serves its customers with
variety of services namely, corporate banking, International banking, Personal banking, Agricultural finance and
Industrial finance.

Awards
• Punjab National Bank as per Economic Times was among the top 50 companies.
• PNB also ranked 323rd in the world as on January 2006 as the biggest bank.
• PNB was in the 9th place among top 50 trusted service brands.
• PNB was taken into account in the accounting of top 1000 banks in the globe.
• In the year 2005, PNB received Golden Peacock Award and Rural Development Award for its excellence.

Online facilities

Punjab National Bank is a member of SWIFT and has over 150 PNB Branches linked to terminals in Mumbai.

The prominence of this bank is that it promotes "Any Time, Any Where Banking". Punjab National Bank provides
internet banking services to individuals and corporate 24/7 all the 365 days.

Users can operate their accounts from anywhere at anytime, and the other services that are available online are easy
access to account, online information of loans, deposits and overdraft account, full transaction details and account
statement, online payment for railway ticket reservations, utility bill payment can be done online through internet
banking, besides paying telephone bills, electricity, mobile and various other bills from their desktop.

Hdfc Bank
HDFC Bank, incorporated in 1994 by Housing Development Finance Corporation Limited, is a key Indian financial
services provider.

It was among the first companies to receive approval for establishing a bank in the private sector, under the Reserve Bank
of India liberalisation policies. Today, HDFC Bank has 1,725 branches and 4,232 ATMs, in 779 Indian cities.

The bank holds total assets of US$ 39.723 billion, with net profit of 3,032.92 crore (US$658.14 million) and total revenue
of 20,266.99 crore (US$4.4 billion).

HDFC Bank operates in three chief business verticals- Wholesale Banking Services, Retail Banking Services and Treasury.

It has joined hands with the banking conglomerate containing 50 corporate, and offers consumers working capital finance,
corporate finance, merchant banking and trade services.

Additionally, it offers products related with of foreign exchange and derivatives, equity research and money market & debt
trading.

Wholesale & Retail Banking:

The bank offers wholesale banking services to blue-chip manufacturing companies and agriculture-based businesses.
Mutual funds and stock market are the monetary instruments offered to its commercial customers.

Under retail banking services, the bank offers a complete range of banking services and financial products, leveraging the
consumer a one-stop shop for all their banking needs.
HDFC Bank is the leading pioneer to launch the VISA International Debit Card and MasterCard Maestro in India.

Moreover, with more than 70,000 point-of-sale terminals at merchant establishments, the bank dominates the “merchant
acquisition” market. Its B2C opportunities include Fixed Deposits, Loans, Bill Payments and DMAT services via internet
banking facility.
Treasury Service:
Within the Treasury services, the bank offers product for three areas - Foreign Exchange and Derivatives, Money Market
& Debt Securities and Equities.

The Treasury business is liable for managing the market risk and returns on investment portfolio, subsequently it must hold
25% of deposits in government securities.

Home Loans:

For over 30 years, HDFC Bank is sanctioning comparatively cheaper Home Loans to its customers.

Consumers can apply for a housing loan for buying or constructing a new house, and even purchasing old properties.

Loans can be applied singly or jointly.

Consumers can also avail “Home Improvement Loans” for renovating their homes.

Under both these types of loan 75% of the total cost would be sanctioned.

Yet another unique service is the “Home Extension Loan”, which is available for the customers for building new floors or
extending their constructed area in the available land.

To get the exact details walk into your nearest branch.

Nationalised Banks Foreign Banks in
Private Banks in India Economy of
India India

ICICI Bank
Industrial Credit and Investment Corporation of India aka ICICI Bank is the second largest bank in India.

This private sector bank owns a network of 2,016 branches and 5,219 ATMs across India and has presence in 18
countries, globally.

It’s competitors include State Bank of India, Canara Bank and Punjab National Bank.

Business Data

Its product offerings include investment banking, venture capital, life and non-life insurance, asset management and
credit cards.

In addition to being listed at Indian stock exchanges, the bank trades on NYSE as well.

With presence in Bangladesh, Bahrain, Belgium, Canada, China, Dubai, Hong Kong, Indonesia, Malaysia, Russia,
Singapore, Sri Lanka, UAE, UK and USA the bank targets the non-resident Indian population exclusively.

In the 2010 fiscal year, ICICI Bank reported 4,843.41 crore (US$1.05 billion) of profit, revenue worth 59,599.77
crore (US$12.93 billion) and total assets of US$ 108.7 billion.

Different Credit Cards Available

ICICI Bank is among the largest credit card providers in India. It offers an array of classic card, value for money
cards, co-branded cards, premium cards, affinity cards, EMI cards and preferred cards.

Depending on an individual’s requirements, the bank may offer ICICI Bank Platinum Identity Credit Card, ICICI
Bank Classic Credit Card, ICICI Bank Cash Gold Credit Card and many more. These cards are globally accepted and
free for lifetime.

Each credit card offers different features and benefits, yet their common benefits include fuel surcharge waiver at
HPCL gas stations, insurance and discount on products and services.

To keep their loyal customers happy, the bank offers reward points program, it enables customers to accumulate
points on every purchase, which later can be redeemed against utility and personal products and services.

ICICI Bank credit card owners can pay their utility bills, avail balance transfer facility, shop online, and add on cards.

The minimum age criterion for owning the card is 23 and the documents required for a salaried individual includes
salary slip, Form 16 and Income Tax Return. Meanwhile, for self-employed, Income Tax Return certificate is
essential.

Different Insurance Policies Offered

ICICI Lombard and ICICI Prudential Life are two insurance products offered by ICICI Bank. These products offer
health, life, retirement and general insurance to individuals and groups.

ICICI Lombard with Gross Written Premium of 3,694.80 crore (US$801.77 million), as recorded in March 2010, is
India’s largest private sector general insurance company.

ICICI Prudential Life with capital standing at Rs. 4,780 crores, offers customized health and retirement solutions to
the Indian masses.

Uti Bank
Inception

UTI bank otherwise known as the Axis bank by far is the best private bank when it comes to customer satisfaction and also
statistically they hold a number of branches all over the country.

The bank was formed was started in the year 1994 after government of India liberalized the scheme for private banking.

The bank was formed by a cluster of insurance companies called the unit trust of India, Life insurance Corporation of
India, united India insurance company, the new India assurance company and the oriental insurance corporation.

In 2007 the bank changed its name to Axis bank.

Branches and business

UTI bank has more than 1200 branches in India with extension counters spread all over the country. The bank has its
registered office in Ahmadabad. This bank has the largest ATM network when it comes to private sector banking.

It has more than 5300 ATM centers all over the country thus offering 24 hours banking solutions to its customers.

The bank has achieved success in both retail banking as well as corporate banking and has striked the perfect balance in
providing perfect banking solutions to the people.

Perfect banking solutions

UTI bank was the first bank in the country to provide a secure debit card based payment system after it launched the AXIS
call & pay an atom. The bank offers personal banking; corporate banking, NRI banking and they also concentrate on
agriculture and rural development.

The bank offers a great corporate banking business which offers current account facilities as well as working capital loans
and term loans.

The bank also enters into consortium loan with other bank and finances huge projects in the country.

They also help in E payment of all the taxes and provide short term and fast track loans to the business.

Mobile banking and internet banking are a part of your account which are provided at free of cost and the internet banking
of UTI bank can be called as one of safest since they are free from vishing and phishing.

They also provide rural and agricultural loan and play a vital role in improving in financing the farmers.

They also provide micro finance to financial institutions and they provide cash credit facilities to the farmers. Finance are
also provided for buying the farming equipments and machinery and they successfully implement all the government
projects.

Credit cards, RTGS remittances can be made to USA, UK, Middle east, Singapore, China and euro land in no time.

They also provide pan assistance, locker facilities and NRI banking facility as well. Henceforth this bank can be considered
as one of the best private banks in the country which equals the nationalized banks in terms of performance.

Nationalised Banks Foreign Banks in

Private Banks in India Economy of India Insurance Policy in India
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IDBI Bank
The Industrial Development Bank of India Limited aka IDBI BANK was established on July1,1964 to offer credit
and banking facilities for the development of the budding Indian economy.

With 1300 ATMs, 758 branches and 513 centres, it is the 10th largest development bank on the globe, currently.

This 4th largest public sector bank in India has played a pioneering role in promoting industrial growth by offering
financial services, encompassing the complete spectrum of industrial activities, including manufacturing and services.

Moreover, it offers financial assistance, for expansion, diversification and modernisation purpose.

IDBI BANK offers products and services based on individual and group requirements and these include term loans,
vendor financing, working capital, cash credit, bill discounting, cash management service, current & savings account,
fixed deposit, trade finance, treasury products and agency services.

All That You Need To Know About IDBI Home Loan:

IDBI BANK offers competitive Home Loans as compared to other private sector banks. Recently, when home loan
interest rates were reduced by 100 basis points for new borrowers, the bank acted quickly and reduced the floating
rates by 100 points for loans up to Rs 30 Lakhs.

For amounts exceeding Rs 30 Lakhs, the bank reduced the rates by 50 basis points. Consequently, the borrowers
saved tremendously.

The borrower can attain maximum loan amount, depending on their income level. The borrower can conveniently
choose between fixed and floating interest rates. For selecting floating interest rates, you can hedge the risk of rise in
interest rates.

Since, the interest rates are charged on daily reducing balance; therefore, loan is sanctioned at lesser rate of interest.

Walk in the nearest bank branch, and collect details on eligibility criteria; and other documents like income proof and
PAN card for getting a loan.

All That You Need To Know About IDBI Personal Loan:

The maximum amount of personal loans offered by IDBI BANK is 10 Lakhs for tenure ranging between 1-5 years.

Depending on borrower’s requirements, the interest rate, competitively ranged between 16% and 18%.

A 1.5% processing fee is levied on the loan amount. Interestingly, the prepayment charges are at 6% is comparatively
high and cause of concern for borrowers who wish to repay their loans ahead of time.

IDBI Quick Facts:

Financial institutions built by IDBI include National Stock Exchange of India (NSE), National Securities Depository
Services Ltd (NSDL), Stock Holding Corporation of India (SHCIL), Credit Analysis & Research Ltd, Export-Import
Bank of India(Exim Bank), Small Industries Development bank of India(SIDBI), Entrepreneurship Development
Institute of India, and government owned IDBI BANK.