Asset Liability Managem, Enmt in Banks

INTRODUCTION OF BANKING

The name bank derives from the Italian word banco, desk, used during the Renaissance by Florentines bankers, who used to make their transactions above a desk covered by a green tablecloth.

Banking" means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, and order.

"Banking Company" means any company which transacts the business of banking in India and includes the State Bank, but does not include the Industrial Investment Corporation Limited. Explanation.--Any company which is engaged in the manufacture of goods or carries on any trade and which accepts deposits of money from the public merely for the purpose of financing its business as such manufacturer or trader shall not be deemed to transact the business of banking.

Banking India

Banking in India has its origin as early as the Vedic period and form the economy point of view, the major task of banks is to act as intermediaries channeling saving to investment requirement of savers are reconciled with the credit need of investors and consumers .

A bank is a business which provides financial services for profit. Traditional banking services include receiving of money, lending money and processing transactions.Some banks (called Banks of issue) issue as legal tender. Many banks offer ancillary financial services to make additional profit; for example: selling Insurance Product ,Investment product & stock broking.

The Indian Banking Industry can be categorized into non-scheduled banks and scheduled banks. Scheduled banks constitute of commercial banks and co-operative banks. There are about 67,000 branches of Scheduled banks spread across India. During the first phase of financial reforms, there was a nationalization of 14 major banks in 1969. This crucial step led to a shift from Class banking to Mass banking. Since then the growth of the banking industry in India has...