Roll No.

Student Name Questions

208622371014 GODHALA VINUTHNA Explain Objetives of Banking
208622371017 JOSHI VAISHNAVI State the functions of Banking
208622371021 MAKTHALA ARUN KUMAR Explain breiflly the evolution of bank
208622371056 HARSHITA SINGH what are the role of banking system in India
208622371064 KOLANU DEVIK REDDY Briefly explain the classification of bank
Roll No. Student Name
208622371031 PAGIDIMARRI SOHANA Explain Objetives of Banking
208622371035 PRISHA KHANNA State the functions of Banking
208622371039 SINGI REDDY SOUMYA REDDY Explain breiflly the evolution of bank
208622371065 KOTAGIRI SRIMAAN what are the role of banking system in India
208622371073 NAG0ATHULA SARAYU Briefly explain the classification of bank
Roll No. Student Name
208622371006 CH RAVI KIRAN SWAMY Explain Objetives of Banking
208622371016 JINDE SAKETHRAM State the functions of Banking
208622371020 KOTTE RAHUL Explain breiflly the evolution of bank
208622371025 MANTHRI MANASWINI what are the role of banking system in India
208622371029 NAMU SUREKHA Briefly explain the classification of bank
Roll No. Student Name
208622371037 SAMUDRALA SHIVA MANIKANTA Explain Objetives of Banking
208622371059 JIRIPURAPU LAXMI VENKATA VINAYAKA State the functions of Banking
208622371083 TEEGALA YASHWANTH REDDY Explain breiflly the evolution of bank
208622371033 POREDDY SREESHANTH REDDY what are the role of banking system in India
208622371080 SHAIK KASIMSHA Briefly explain the classification of bank
Roll No. Student Name
208622371038 S DHARMIK Explain Objetives of Banking
208622371050 DAITA DHRUVA MAANAS State the functions of Banking
208622371052 DHANNADA VEERA TILAK Explain breiflly the evolution of bank
208622371058 JAKKULA DEEKSHA PRANATHI what are the role of banking system in India
208622371047 BOLAMALLA SUNISCHALA Briefly explain the classification of bank
Roll No. Student Name
208622371010 GADEPALLI CHETANA SREYA Explain Objetives of Banking
208622371026 MD MOINUR RAHMAN State the functions of Banking
208622371028 NAGARAJU KATYAYANI SARMA Explain breiflly the evolution of bank
208622371032 PALAVARA NAVANEETHA what are the role of banking system in India
208622371034 PRAKERLAPUDI SRINIVAS KALYAN Briefly explain the classification of bank
Roll No. Student Name
208622371044 ALLURI JAYANTHI Explain Objetives of Banking
208622371046 BANOTHU NIKHITHA State the functions of Banking
208622371062 KATIKAREDY HARSHITHA REDDY Explain breiflly the evolution of bank
208622371076 PAMMI VENKATA LAKSHMI what are the role of banking system in India
208622371087 SMARPIT VERMA Briefly explain the classification of bank
Roll No. Student Name
208622371003 BANDARI VEDANTH Explain Objetives of Banking
208622371030 PADMA SHREYA MUNIGALA State the functions of Banking
208522371068 MANISHA Explain breiflly the evolution of bank
Roll No. Student Name
208622371015 JANAPALA SREEYA Explain Objetives of Banking
208622371036 SAFWAN MOHAMMED JAWEED State the functions of Banking
208622371043 AKASH ANUMULA Explain breiflly the evolution of bank
208622371049 BOLLEMPALLY PRASHANTH REDDY what are the role of banking system in India
208622371081 SHEGGAM JASHWANTH Briefly explain the classification of bank
Roll No. Student Name
208622371057 HIRAL PATEL Explain Objetives of Banking
208622371060 KAMMAMETTU SAI KIRTHIKA State the functions of Banking
208622371070 MATTELA ANISHKA Explain breiflly the evolution of bank
208622371077 PEDDAAKULA SAI PRAVALIKA what are the role of banking system in India
208622371079 SAAKSHI UBALE Briefly explain the classification of bank
Roll No. Student Name
208622371005 CHIRAG JAIN Explain Objetives of Banking
208622371009 ESLAVATH MAHESH NAIK State the functions of Banking
208622371040 TIKLIYA RISH0 JAIN Explain breiflly the evolution of bank
208622371048 BOLLEMPALLY NISHANTH REDDY what are the role of banking system in India
208622371066 LOKINENI RAGA SREE Briefly explain the classification of bank
Func ons of Banks
There are two types of func ons of banks:

Primary func ons – Accep ng of deposits, Gran ng of loans and advances

Secondary Func ons – Agency func ons, U lity Func ons

Primary Func ons of Banks

 Acceptance of deposits from the public
 Provide demand withdrawal facility
 Lending facility
 Transfer of funds
 Issue of dra s
 Provide customers with locker facili es
 Dealing with foreign exchange

Secondary Func ons of Banks

Agency Func ons of Bank
Banks are the agents for their customers; hence it has to perform various agency func ons as
men oned below:

 Transfer of Funds
 Periodic Collec ons
 Periodic Payments
 Collec on of Cheques
 Por olio Management
 Other Agency Func ons

U lity Func ons of Bank

 Issuing le ers of credit, traveller’s cheques, etc.
 Undertaking safe custody of valuables, important documents, and securi es by providing
safe deposit vaults or lockers.
 Providing customers with facili es for foreign exchange dealings
 Underwri ng of shares and debentures
 Dealing in foreign exchanges
 Social Welfare programs
 Project reports
 Standing guarantee on behalf of its customers, etc.
Different Types of Banks
Banks can be classified into various types. Given below is the List of Different Types of Banks:

Central Bank
Coopera ve Banks
Commercial Banks
Regional Rural Banks (RRB)
Local Area Banks (LAB)
Specialized Banks
Small Finance Banks
Payments Banks
Objec ves of bank
Bank is such person, organiza on or place that concerns to the trade of money & loan. It gains profit
by disbursing loan at higher interest rate than the rate of interest given to mass on their deposit. But
profit earning is not its only objec ve . It is to gain various objec ves out of earning profit. The
objec ves of modern bank are discussed below with two areas :

a) Business objec ves.

b) social objec ves.

a) Business objec ves :

 Making profits: Banks generally make money by borrowing money from depositors and
compensa ng them with a certain interest rate. The banks will lend the money out to
borrowers, charging the borrowers a higher interest rate and profi ng off the interest rate
spread.
 Providing services.
 Currency issue.
 Crea on of transac on media.
 Receiving deposit.
 Making loan.
 Ensuring safety.
 Investment.

b) social objec ve :
 Crea ng savings.
 Capital forma on.
 Industrializa on.
 Employment.
 Developing living standard.
 Economic development.
 Supplying informa on.
 Advising.
 Representa on.
The Role of Banks in the Economy

Banks play a crucial role in the economy by mobilizing savings, providing credit, facilita ng payments,
and managing risks. They help individuals and businesses achieve their financial goals by offering a
range of financial products and services, including savings accounts, loans, credit cards, and
investment products. Banks also facilitate domes c and interna onal payments through
their payment systems, making it easier for people to buy goods and services across borders. In
addi on, banks play a vital role in managing risks by providing insurance products and investment
management services.

Given their significant impact on the economy and society, banks have ethical responsibili es to their
customers, shareholders, and the broader community. These responsibili es include promo ng
sustainable prac ces, suppor ng financial inclusion, and preven ng financial crime. Banks must
ensure that their ac vi es align with social and environmental goals and comply with legal and
regulatory requirements.

To measure their success and fulfil their responsibili es, banks use key performance indicators (KPIs).
These metrics help banks monitor their financial performance, customer sa sfac on, risk
management, and compliance. Common KPIs for a banking ins tu on include return on assets (ROA),
return on equity (ROE), net interest margin (NIM), and efficiency ra o. By tracking these KPIs, banks
can make informed decisions and adjust their strategies to achieve their goals and objec ves.
In recent years, digitaliza on has transformed the banking industry, changing the way banks set their
goals and objec ves. With the rise of technology, banks can offer their customers new products and
services, improve opera onal efficiency, and expand their reach to new markets. Digitaliza on has also
created new risks and challenges, such as cyber threats, data privacy concerns, and compe on from
fintech companies.

To adapt to the digital age, banks must embrace innova on and priori ze digital transforma on. They
need to invest in new technologies such as ar ficial intelligence, blockchain, and cloud compu ng to
enhance their products and services. Banks must also strengthen their cybersecurity measures and
ensure that their digital pla orms are user-friendly and accessible to all customers.
Successful banks have achieved their goals and objec ves by focusing on customer needs, fostering a
culture of innova on, and promo ng ethical prac ces. For example, Bank of America has set a goal of
achieving carbon neutrality by 2020, reducing its greenhouse gas emissions by 50%. Goldman Sachs
has launched Marcus, a digital banking pla orm that offers savings accounts and personal loans,
expanding its reach beyond investment banking.

Conclusion
In conclusion, banks play a vital role in the economy and society by providing essen al financial
services and managing risks. To achieve their goals and fulfil their responsibili es, banks need to set
clear objec ves, use KPIs to measure their success, and priori ze ethical prac ces. Digitaliza on has
transformed the banking industry, crea ng new opportuni es and challenges. Banks that embrace
innova on and priori ze digital transforma on are more likely to succeed in the modern era.
History of Banking in India

Banking has been a significant part of our lives for a very long me and this sector contribute a major
part in our economy. The history of Banking in India has seen a lot of phases, reforms and has been
con nuously evolving since then.

Evolu on Of Banking in India

Banking has its prevalence in India since Vedic mes. But here ,we can categorize the History of Banking
in India into 3 stages:
 Pre-Independence Stage – Before 1947
 Banking History II Phase – 1947 to 1991
 Banking History III Phase – 1991 & beyond

Pre-Independence Stage (Before 1947)

The history of banking in India during the Pre-Independence stage has been discussed below
highligh ng the important points.

• More than 600 banks were present at that phase.

• The first bank of India was established in 1770 thus marking the Banking system in India with
the founda on of the Bank of Hindustan.
• Top three banks were merge during this phase – Bank of Bengal, Bank of Bombay & Bank of
Madras and came into being as Imperial Bank, which was later taken over by SBI in 1955
• Some other banks were also established during this period like Allahabad Bank 1865, Punjab
Na onal Bank 1894, Bank of India 1906, Bank of Baroda 1908, Central Bank of India 1911

Post Independence Stage (From 1947 to 1991)

The major points of the History of Banking in India from the period of 1947 to 1991 has been
men oned here.

• Na onaliza on of the Bank took place during this period.

• Central bank of India was also na onalised during this period on 1st January 1949.
• With the recommenda on of Narsimha commi ee, Regional Rural Banks were formed on
2nd October 1975.

History of Banking in India: Beyond 1991

Here, we have men oned few important points of the history of banking in India beyond 1991.

• Liberalized economic policies were formed to mark the progress of banks in the year 1991.
• This phase was known was the phase of expansion, consolida on, and increment in many
ways.
• RBI also gave license to 10 private en es which include – ICICI, Axis Bank, HDFC, DCB,
Indusland Bank.