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By | July 2013
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INTERNAL FACTORS.

Banking in India originated in the last decades of the 18th century. The oldest bank in existence in India is the State Bank of India, a government-owned bank that traces its origins back to June 1806 and that is the largest commercial bank in the country. The government's regular policy for Indian bank since 1969 has paid rich dividends with the nationalisation of 14 major private banks of India following it up with the nationalization of six more banks.

Not long ago, an account holder had to wait for hours at the bank counters for getting a draft or for withdrawing his own money. Today, he has a choice. Gone are the days when the most efficient bank transferred money from one branch to other in two to three days. Now it is as simple as instant messaging or dialing for a pizza. Money has become the order of the day and a highly technology driven bank will definitely reap success.

Department of Banking Supervision.

The Department of Banking Supervision has its Central Office in Mumbai and 16 regional offices at various centres in the country. I worked in DBS,Office at Lucknow. Prior to 1993, the supervision and regulation of commercial banks was handled by the Department of Banking Operations and Development (DBOD).In December 1993 the Department of Supervision was carved out of the DBOD with the objective of segregating the supervisory role from the regulatory function of R.B. I.

The Department of Banking Supervision at present exercises the supervisory role relating to commercial banks in the following forms:

Preparing of independent inspection programmes for different institutions. Inspection evaluates financial condition and performance of the bank which includes judging asset quality, solvency and capital adequacy earning performance and liquidity of...
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