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PRIVATE BANKS
(Part-1)
PRESENTED BY:
JUHI TILWANI
SHIVAM VERMA
SHUBHAM MEENA
(Group 9)
INTRODUCTION
A bank is a financial institution which deals
with deposits and advances and other related
services It receives money from those who want
to save in the form of deposits and it lends
money to those who need it .
PRIVATE BANKS
A private bank is a bank whose
major stake is owned by private
stakeholders
and
not
by
government.
Government has a very little
role to play when it comes to
private sector banking.
Private banks play a pivotal role
for
a
country's
economic
development
HISTORY
Initially, all the banks in India were Private
Banks.
In 1921, 3 major banks ,i.e., Bank of Bengal,
Bank of Bombay, Bank of Madras merged to from
Imperial Bank of India.
In 1935, Reserve Bank of India was established
and it took the central responsibilities from the
Imperial Bank of India.
On 19 July, 1969, nationalization of major banks
has been occurred.
Fig: Private Sector Indian banks have asset quality concerns under
control
Fig: Private Sector Banks have benefitted from a higher port folio of
retail loans
MANAGEMENT
Mr. Keki Mistry
Vice Chairman and Chief Executive Officer.
Mrs. Shyamala Gopinath
Part Time Non Executive Chairperson
Mr. Partho Datta
Independent Director
KEY FACTS
NET PROFIT
12,296 crore
TURNOVER
74,373.22 crore
EMPLOYEES
76,286
RECOGNITION
Best Managed Company (Finance Asia Poll
on Asias Best Companies 2015)
Ranked third in Investor Relations and
Corporate Governance (Finance Asia Poll on
Asias Best Companies 2015)
MANAGEMENT
NAME
DESIGNATION
Chairman
Chanda Kochhar
M S Ramachandran
Director
V Sridar
Director
Dileep Choksi
Director
Alok Tandon
Director
Homi Khusrokhan
Director
Tushaar Shah
Director
V K Sharma
Director
N S Kannan
Executive Director
Rajiv Sabharwal
Executive Director
Vishakha Mulye
Executive Director
Vijay Chandok
Executive Director
KEY FACTS
CONSOLIDATED PROFIT
AFTER TAX
101.80 BILLION
STANDALONE PROFIT
AFTER TAX
97.26 BILLION
BRANCHES
4,450
ATMs
13,995
KEY FACTS
NET PROFIT
8,224 (CRORES)
EMPLOYEES
50,135
BRANCHES
2,904
ATMs
12,743
CONCLUSION
The private sector banks are providing their services in all
the population groups.
They have started expansion plans in semi urban and rural
areas. This is a good sign for ensuring financial inclusion and
better quality of service in these areas.
The number of branches of private banks with economic
freedom of states shows better rank correlation than with
ratio of development expenditure and gross state domestic
product.
Information and communication technology offers the
opportunity for the private banks to improve financial
inclusion for the unbanked people.