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Rupesh Roshan Singh, Lovely Professional University Unit 1: Indian Banking System

Unit 1: Indian Banking System Notes

CONTENTS
Objectives
Introduction

1.1 Nature and Origin of the Word ‘Bank’
1.2 Public Sector Banks in India
1.3 Private Banks in India

1.4 Pre-Reforms Development
1.4.1 Lead Bank Scheme
1.4.2 Cooperative Banks
1.4.3 Regional Rural Banks (RRBs)
1.5 Some Financial Institutions

1.5.1 National Bank for Agriculture and Rural Development (NABARD)
1.5.2 Export Import Bank of India (EXIM Bank)
1.5.3 National Housing Bank (NHB)

1.5.4 Housing and Urban Development Corporation Ltd. (HUDCO)
1.5.5 Housing Development Finance Corporation (HDFC)
1.5.6 Industrial Development Bank of India (IDBI)
1.5.7 Industrial Finance Corporation of India (IFCI) Ltd.
1.5.8 Industrial Investment Bank of India (erstwhile Industrial Reconstruction
Bank of India)
1.5.9 Industrial Credit and Investment Corporation of India Bank (ICICI) erstwhile
Industrial Credit Investment Corporation of India Limited
1.5.10 Small Industries Development Bank of India (SIDBI)
1.5.11 Infrastructure Development Finance Co. (IDFC)
1.5.12 Power Finance Corporation (PFC)

1.6 Summary
1.7 Keywords
1.8 Review Questions

1.9 Further Readings
Objectives

After studying this unit, you should be able to:
Understand the functioning of a bank in India and an introduction of Reserve Bank of
India (RBI).

LOVELY PROFESSIONAL UNIVERSITY 1