Scheme of Loans and Advances, Corporation Bank
CHAPTER-1
INTRODUCTION
INDIAN BANKING SECTOR: INDUSTRY PROFILE The Rs 64 trillion (US$ 1.22 trillion) Indian banking industry has made exceptional progress in last few years, even during the times when the rest of the world was struggling with financial meltdown. Even today, financial institutions across the world are facing the repercussions of the turmoil but the Indian ones are standing stiff under the regulator 's watchful eye and hence, have emerged stronger. Ratings agency Moody 's believe that strong deposit base of Indian lenders and Government 's persistent support to public sector and private banks would act as positive factors for the entire system amidst the negative global scenario. The sector has undergone significant developments and investments in the recent past. Some of them are discussed hereafter along with the key statistics and Government initiatives pertaining to the same.
INDIAN BANKING SECTOR: KEY STATISTICS * According to the Reserve Bank of India (RBI) 's Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks ', March 2011, Nationalised Banks, as a group, accounted for 53.0 per cent of the aggregate deposits, while State Bank of India (SBI) and its associates accounted for 21.6 per cent. The share of New private sector banks, Old private sector banks, Foreign banks and Regional Rural banks in aggregate deposits was 13.4 per cent, 4.6 per cent, 4.4 per cent and 3 per cent respectively. * With respect to gross bank credit also, nationalized banks hold the highest share of 52.8 per cent in the total bank credit, with SBI and its associates at 22.1 per cent and New Private sector banks at 13.2 per cent. Foreign banks, Old private sector banks and Regional Rural banks held relatively lower shares in the total bank credit with 4.9 per cent, 4.6 per cent and 2.4 per cent respectively. * RBI data shows that India raised US$ 1.6 billion through external commercial borrowings (ECBs) in
INTRODUCTION
INDIAN BANKING SECTOR: INDUSTRY PROFILE The Rs 64 trillion (US$ 1.22 trillion) Indian banking industry has made exceptional progress in last few years, even during the times when the rest of the world was struggling with financial meltdown. Even today, financial institutions across the world are facing the repercussions of the turmoil but the Indian ones are standing stiff under the regulator 's watchful eye and hence, have emerged stronger. Ratings agency Moody 's believe that strong deposit base of Indian lenders and Government 's persistent support to public sector and private banks would act as positive factors for the entire system amidst the negative global scenario. The sector has undergone significant developments and investments in the recent past. Some of them are discussed hereafter along with the key statistics and Government initiatives pertaining to the same.
INDIAN BANKING SECTOR: KEY STATISTICS * According to the Reserve Bank of India (RBI) 's Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks ', March 2011, Nationalised Banks, as a group, accounted for 53.0 per cent of the aggregate deposits, while State Bank of India (SBI) and its associates accounted for 21.6 per cent. The share of New private sector banks, Old private sector banks, Foreign banks and Regional Rural banks in aggregate deposits was 13.4 per cent, 4.6 per cent, 4.4 per cent and 3 per cent respectively. * With respect to gross bank credit also, nationalized banks hold the highest share of 52.8 per cent in the total bank credit, with SBI and its associates at 22.1 per cent and New Private sector banks at 13.2 per cent. Foreign banks, Old private sector banks and Regional Rural banks held relatively lower shares in the total bank credit with 4.9 per cent, 4.6 per cent and 2.4 per cent respectively. * RBI data shows that India raised US$ 1.6 billion through external commercial borrowings (ECBs) in
Bibliography: * Management Accounting by Shashi K. Gupta and R.K.Sharma (2011), Kalyani Publishers. * Cost and Financial Analysis by Jawahar Lal (2010), Himalaya Publishing House. * Management Accounting by M. N. Arora (2011), Himalaya Publishing House.