Introduction Of Indian Banking System Essay

Throughout my essay I will explain how I experienced the banking-concept and the problem-posing education system. In one hand, I definitely agree with Freire about his thoughts of banking concept but in the other hand I do not. Let me tell you my experiences from Hungary and the United States, so that might give you a better understanding.

For most of us living in the 21st century, we have spent the majority of our childhood in a classroom. People usually have the same overall educational experience in the way of having teachers, homework, tests and spending hours studying. We could agree that the method of our education has also been the same; listening, note taking, memorizing, and hoping to God that we did not just bomb our most recent test. What if someone told us in high school that this grueling and boring process was all wrong? Well, this is exactly what, Paulo Freire, a Brazilian educator and philosopher, proposes in his essay, “The Banking Concept of Education.” Freire argues “banking education” stunts and discourages critical thinking and creativity. I would disagree with his position on “banking education” and maintain that it has endless advantages. There are many holes in his arguments and the solution he provides is vague and without proof or examples. While some portions of Freire’s argument deserve merit, I contend that his problems with the banking system are exaggerated and false. I would argue that not only is the banking system effective, but it also promotes the benefits that Freire claims it discourages.

The innovation in banking is applied with a sensitivity to all concerned ~ the bankers using the modern banking instruments, customers enjoying seamless modernized service and stakeholders receiving improved earnings due to the tech savvy banking. In the lights of automation in banking, it is felt that a whole new world of convenience has opened up for customers and the banks themselves have become more efficient in service provision.

All the recommendations and suggestions that will be provided by this study would be helpful for the management of the National bank and Allied bank of Pakistan, in taking decisions related to their business processes, assets management, loans and other areas. This study would be beneficial for the investors, shareholders, creditors, state bank and government, because it shows the performance of the bank. In this way Shareholders would be able to know the performance of bank, profits and also know about those factors which are not significant for success of bank. New investors will attract if study proves that bank is working excellent. Overall this study will provide comprehensive information about financial performance of National bank and Allied bank of Pakistan; through the help of this research other banks can also know about those factors which largely contribute in the enhanced financial performance of a

1. The objective of the study is to get the knowledge of products and services offered by the HDFC BANK in the fields of banking.

The Awards were presented by the Asian Bankers Association (ABA) and Bank Marketing Association of the Philippines (BMAP) in the Asia Pacific Bankers Congress (APBC) 2004 on March 26, 2004 in Manila, Philippines.

The stability of the Financial System largely depends on the strength and resilience of the Banking System. Indian Banks which suffered from negative capital adequacy, negative earnings and high NPAs in the Seventies and eighties are now on a robust footing thanks to the reforms brought about by the Narasimham Committee I and II and on account of the strong resolve of the Govt. and the Reserve Bank of India. It is a matter of pride that the Indian Banks have now become fully Basel II Compliant, and that they

The Reserve Bank of India (RBI) is India’s central bank. Though public sector bank’s currently dominate the banking industry, numerous private and foreign banks exist. India 's government-owned banks dominate the market. Their performance has been mixed, with a few being consistent profitable. Several public sector banks are being restructured, and in some the government either already has or will reduce its ownership.

Sparing cash in India in the present day sense began in the latest numerous years of the eighteenth century. The among the first banks were Bank of Hindustan, which implicit 1770 and traded in 1829-32; and General Bank of India, secured 1786 yet failed in 1791. The greatest bank, and the most settled still in vicinity, is the State Bank of India. It started as the Bank of Calcutta in June 1806. In 1809, it was renamed as the Bank of Bengal. This was one of the three banks backed by an organization government, the other two were the Bank of Bombay and the Bank of Madras. The three banks were merged in 1921 to structure the Imperial Bank of India, which upon India 's opportunity, transformed into the State Bank of India in 1955. For quite a while the organization banks had gone about as semi national banks, as did their successors, until the Reserve Bank of India was made in 1935, under the Reserve Bank of India Act, 1934. In 1960, the State Banks of India was given control of eight state-related banks under the State Bank of India (Subsidiary Banks) Act, 1959. These are presently called its accomplice banks.

Moreover, many of the deeper rooted problems of the Indian economy in the early nineties

FINANCIAL MANAGEMENT ASSIGNMENT ON INDIAN FINANCIAL SYSTEM & SOURCES OF LONG TERM AND SHORT TERM FINANCES

One of the most debated issue in Indian Baking Sector is the growing number of Non-Performing Loans and Restructured Loans in the nation along with supremacy of public sector banking. Although, Indian Banks went off the financial crisis with least difficulty but now the situation is alarming. At present, of the total loans disbursed, 3.5% of them accounts as Non-Performing Loans. (India’s public-sector banks are sitting on something unpleasant)

Opinions differ as to the origin of the work "Banking". The word "Bank" is said to be of Germanic origin, cognate with the French word "Banque" and the Italian word "Banca", both meaning "bench". It is surmised that the word would have drawn its meaning from the practice of the Jewish money-changers of Lombardy, a district in North Italy, who in the middle ages used to do their business sitting on a bench in the market place. Again, the etymological origin of the word gains further relevance from the derivation of the word "Bankrupt" from the French word "Banque route" and the Italian word "Banca-rotta" meaning "Broken bench" due probably to the then prevalent practice of breaking the bench of the

When asked about the people about which sector they would prefer banking with, the response was a mixed one. As most

Money related Industry is the foundation of a present day economy. Soundness of Financial industry is a standout amongst the most essential pre-conditions for managed monetary advance of any nation. The universe of Finance has accepted another measurement at the beginning of the 21st century with the coming of innovation, in this manner loaning the business a stamp of comprehensiveness. By and large, Financing might be delegated retail and corporate Financing. Retail Financing, which is intended to meet the necessity of individual client and energize their investment funds, incorporates installment of service bills, customer advances, Visas, financial records equalizations, ATMs, exchanging reserves amongst records and so forth. Corporate financing, then again, obliges the requirements of corporate clients like bills marking down, opening letters of credit and overseeing money.