Commercial banks in India - These financial institutions provide short-term loan to particularly to commerce and industry. hence they are called commercial banks. they mobilize saving by accepting different type of deposits , savings, fixed recurring etc. these deposits are repayable to customers on demand. hence these banks grant loans only for short periods to trade, commerce and industry. they thus act as financial intermediaries between saving public and investors. commercial banks in India render agency and general utility services to customers. the State bank of india and its subsidies . There is large list of commercial institutions in India but few example - UTI, ICICI, Punjab National Bank.
List of commercial banks in india
1 Allahabad Bank
2 Andhra Bank
3 Bank of Baroda
4 Bank of India
5 Bank of Maharashtra
6 Canara Bank
7 Central Bank of India
8 Corporation Bank
9 Dena Bank
10 Indian Bank
11 Indian Overseas Bank
12 Oriental Bank of Commerce
13 Punjab and Sind Bank
14 Punjab National Bank
15 State Bank of Bikaner and Jaipur
16 State Bank of Hyderabad
17 State Bank of India
18 State Bank of Indore
19 State Bank of Mysore
20 State Bank of Saurashtra
21 State Bank of Travancore
22 Syndicate Bank
23 UCO Bank
24 Union Bank of India
25 United Bank of India
Commercial banks history in india
The first bank came into being is the Hindustan bank in 1770. its marks the beginning of commercial banking in inda.
later 3 presidency banks one each at Calcutta (1806) Bombay ( 1840) and madras 1843 were established. they were given the right issue of currency notes. during 1860 to 1900 major joint stock banks lie Punjab national bank, Allahabad
Bank by the end 3 presidency banks 9 joint stock banks and 8 exchange banks were functioning in India
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