BANKING INDUSTRY IN INDIA

Over the years, the Indian banking sector has benefited from a stable macroeconomic environment. The financial year 2009 witnessed a steady deterioration in the global financial conditions, which tightened the liquidity position and affected the credit off-take. The Indian banking sector has skillfully tided over the crisis with un-paralleled support and measures to stimulate the economy from the government and RBI. While economic activity seems to be picking up, nevertheless caution and continuous monitoring need to be kept by the Banks till the crisis completely blows over. As scheduled, the banks have successfully implemented the Basel II norms during financial year 2009 in spite of financial crisis in the domestic market. The public sector banks especially have shown a positive growth on account of proactive measures taken by the government during the year.

Andhra Bank

Andhra Bank, a mid sized public sector bank incorporated in 1923, was nationalized in 1980. The bank offers retail banking, small and medium enterprise (SME) banking, treasury and financial institutional services. The Government of India (GoI) is a major shareholder of Andhra Bank with a stake of 51.55%. Headquartered in Hyderabad the bank services 18 million customers. During the financial year 2008, the bank opened 84 branches, and 151 ATMs. The bank’s delivery network consists of 1388 branches, 64 extension counters, 38 satellite offices and 685 ATMs as of 30th September 2008.

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Bank of Baroda

Bank of Baroda is one of the largest public sector banks with a reported asset base of INR 2,274.06 billion and off-balance sheet exposure of INR 733.86 billion as on 31st March 2009. The bank has progressively grown its asset base over the years, aided by strong growth in deposits and advances. As a result, the bank has achieved a 26.62% growth in total assets during FY09.

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Bank of India

The bank’s largest shareholder, the Government of India (GoI), holds 64.47% stakes. Consequently the bank enjoys easy branch network expansion, off the rack monetary support particularly in times of crises. The bank has 50 specialized branches for SME financing. In order to leverage technology to enhance customer care and banking convenience, the bank extended core banking solution to 1890 branches with 1442 RTGS and 1400 NEFT enabled branches.

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Canara Bank

Incorporated in 1906, Canara Bank is one of the oldest public sector banks in India. The bank is from Dakshina Kannada district of Karnataka that has produced several outstanding banks for the country. The bank has always been in the forefront to improve its productivity and efficiency. Over the years the bank has been transforming itself from core banking activities to value added solutions

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Corporation Bank

Incorporated in 1906, Corporation Bank is one of the oldest mid-sized public sector banks in India. The bank has always been in the forefront to improve its productivity and efficiency. Over the years the bank has been transforming itself from core banking activities to provide universal banking solutions.

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Development Credit Bank

Incorporated in 1995, Development Credit Bank is positioned as a bank for micro and macro SMEs with special emphasis on Ismaili community. The bank delivers full range of retail and wholesale business banking products. Being a small bank, it has implemented loan strategies such as rationale participation in large corporate banking and selective participation in microfinance and agricultural loans.

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Lakshmi Vilas Bank

Incorporated in 1926, Lakshmi Vilas Bank is positioned as a bank for small and medium sized corporate. The bank delivers full range of retail and corporate business banking products. Its presence in rural and semi urban markets had made the bank to implement niche marketing strategies.Going forward, the bank is extending its financial services like bancassurance, mutual fund distribution, credit cards, and money transfer etc. as one stop shop to its customers.

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Oriental Bank of Commerce

Incorporated in 1943, OBC is a mid-sized public sector bank well known in North India. The Bank has always been improving its productivity and efficiency and has 1401 Service Units and 576 on-site ATMs. With 100% CBS branches, the bank was able to provide quality banking services to its customers. The Government of India (GoI) is a major stakeholder of OBC with ownership stake of about 51.10% .

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Punjab National Bank

Incorporated in 1895, the bank continues to have frontline position in the Indian banking industry. Punjab National Bank is ranked 190th among world’s top financial brands by ‘The Banker’.

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UCO Bank

Incorporated in 1943, UCO Bank is a mid-sized public sector bank in India. The bank has nearly 2000 Service Units spread all over India and also operates in two Major International Financial Centers namely Hong Kong and Singapore. The bank has correspondents/agency arrangements all over the world to help in its overseas business. Foreign exchange business is conducted in more than 50 centres in India. The Bank has foreign exchange position maintaining offices in four centres in the country

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Vijaya Bank

Founded in 1931 in Mangalore, Karnataka, Vijaya Bank was nationalized in 1980. As of FY10, the Bank had a total of 1158 branches with 511 of them in the state of Karnataka. The Bank has a dominating presence in South India with more than 50% of its branches in the states of Karnataka, Andhra Pradesh and Tamil Nadu. It is a mid-sized public sector bank with the Government of India ownership stake being 54%.

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Yes Bank Limited

Yes Bank is the only ‘Greenfield’ private sector bank to be set up in the last 14 years. The bank has always been in the forefront to improve its productivity and efficiency. It has been founded on the core proposition of knowledge and is focused on customer experience and service. The bank’s distribution channel consists of 117 branches nationally, with higher number of branches in Maharashtra, Punjab and NCR Delhi.

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