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  2. Banking in India - Wikipedia

    en.wikipedia.org/wiki/Banking_in_India

    By 2013 the Indian Banking Industry employed 1,175,149 employees and had a total of 109,811 branches in India and 171 branches abroad and manages an aggregate deposit of ₹ 67,504.54 billion (US$810 billion or €830 billion) and bank credit of ₹ 52,604.59 billion (US$630 billion or €640 billion).

  3. Payments bank - Wikipedia

    en.wikipedia.org/wiki/Payments_bank

    Paytm Payments Bank and Airtel Payments Bank together command over 88% of the deposits in payment banks in India in 2018. According to the Reserve Bank of India's report on ‘Trend and progress of Banking in India 2017-2018', the payment banks reported losses in the financial year 2017-2018, after a weak performance in the FY 2016-17. [14]

  4. Finance in India - Wikipedia

    en.wikipedia.org/wiki/Finance_in_India

    Investment banking in India started in the 19th century when European merchant banks began establishing trading houses in the country. [11] Foreign investment banks dominated the sector until the 1970s, when the State Bank of India launched its Bureau of Merchant Banking, and ICICI Securities became the first Indian private sector financial institution to offer merchant banking services. [11]

  5. Reserve Bank of India - Wikipedia

    en.wikipedia.org/wiki/Reserve_Bank_of_India

    A report titled Trend and Progress of Banking in India is published annually, as required by the Banking Regulation Act, 1949. The report sums up trends and developments throughout the financial sector. [121] Starting in April 2014, the Reserve Bank of India publishes bi-monthly policy updates. [122]

  6. Economic liberalisation in India - Wikipedia

    en.wikipedia.org/wiki/Economic_liberalisation_in...

    Banking sector woes: The Indian banking sector has been grappling with a high level of non-performing assets (NPAs) or bad loans. This has led to a credit crunch, with domestic banks becoming more cautious in lending especially to the MSME Sector, which in turn has constrained investment and growth in the country.

  7. India and the World Bank - Wikipedia

    en.wikipedia.org/wiki/India_and_the_World_Bank

    India is one of the fastest growing countries in the world. According to the annual report of the IMF, India shows a GDP growth rate of 7.3% for 2018. India is the third largest country in purchasing power parity [4] and is expected to keep their annual growth rate. India was able to lift 133 million people out of poverty between 1994 and 2012. [5]

  8. Public sector banks in India - Wikipedia

    en.wikipedia.org/wiki/Public_sector_banks_in_India

    The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed by the Union government. [ 1 ] The next major government intervention in banking took place on 19 July 1969 when the Indira government nationalised an additional 14 major banks.

  9. Payment and settlement systems in India - Wikipedia

    en.wikipedia.org/wiki/Payment_and_settlement...

    The Reserve Bank of India (India's Central Bank) maintains this payment network. Real-time gross settlement is a funds transfer mechanism where transfer of money takes place from one bank to another on a 'real time' and on 'gross' basis. This is the fastest possible money transfer system through the banking channel.