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None of the Indian scheduled commercial banks in India are using SAP for their core banking operations.
There are numerous banks in India. the approximate numbers are as follows: a. Nationalized Banks - 27 b. State Bank Group - 8 c. Private Banks - 30 d. Foreign Banks - 40
There are a total of 67 registered commercial banks in India. Apart from these, there are also 11 Urban Cooperative Banks and 32 Rural or Grameen Banks in India. The whole list with names and full forms can be found in the link in the Related Links section
A nationalized bank or a public sector bank is one that is owned by the government of the country. Since the people decide who the government is, they are also referred to as public sector banks. The government is responsible for the money deposited into the accounts of these banks. Ex: State bank of India, Indian Bank, Punjab National Bank etc.
UCO Bank, formerly known as United Commercial Bank is one of the oldest and major public sector banks in India. It was established in 1943 in Kolkata, India. Currently they have more than 2000 branches in India, including overseas branches in Singapore and Hong Kong. They are one of the top 10 public sector banks in India.
list of non commercial banks in India
The 3 main category of Banks in India are:Regular - Commercial BanksUrban Cooperative BanksRural or Grameen Banks
RBI
to provide loan to customers and other commercial banks. to check the functioning of commercial banks.
Classification of Banks in India is done into four main classes. The classes include commercial banks, savings banks, public sector banks and private sector banks.
Total number of rural banks in India : 196
Total number of private commercial banks is 36 including 8 Islamic commercial banks. And there are 9 foreign commercial banks in Bangladesh.
Reserve Bank of India. Reserve Bank of India is the institution that governs the operations of all commercial banks that operate in India. It has its head office in Delhi and has regional offices in major cities. All banks that operate within the borders of India, have to adhere to the guidelines laid down by RBI.
study the working of a commercial banks in india by studying the working of the branch office of any public sector commercial banks
None of the Indian scheduled commercial banks in India are using SAP for their core banking operations.
No. Reserve Bank of India is the central bank of India. It is not a regular commercial bank. It supervises and regulates the working and operations of all commercial banks in India. It has been in existence since the British Rule in India.
The future of commercial banks in India is very bright as one of its major function is providing business funds and more and more people in the country are now preferring business rather than profession or employment and therefore they require loans and the commercial banks are the ones to provide them with loans