2. Index
Definition of Bank
Types of Commercial Bank
Function of Commercial Bank
Primary Function
Secondary Function
Top Ranking Commercial Bank in India
3. DEFINITION OF A BANK
The Banking Companies Act of India
defines a bank as “A Bank is a financial
institution which accepts money from
the public for the purpose of lending or
investment repayable on demand or
otherwise withdrawable by cheques,
drafts or order or otherwise.”
5. FUNCTIONS OF COMMERCIAL
BANKS
Commercial banks have to perform a variety of
functions which are common to both developed and
developing countries. These are known as ‘General
Banking’ functions of the commercial banks. The
modern banks perform a variety of functions. These can
be broadly divided into two categories:
(a) Primary functions.
(b) Secondary functions.
6. PRIMARY FUNCTIONS
Acceptance of deposits.
Advancing loans.
Creation of credit.
Clearing of cheques.
Financing foreign trade.
Remittance of funds.
8. TOP RANKING COMMERCIAL BANKS IN INDIA
1. STATE BANK OF INDIA
2. ICICI Bank Limited
3. Punjab National Bank
4. Canara Bank
5. Bank of Baroda
6. Bank of India
7. Union Bank of India
8. Industrial Development Bank of India Limited
9. Central Bank of India
10. HDFC Bank Limited
11. UCO Bank
12. Syndicate Bank
13. Indian Overseas Bank
14. Oriental Bank of Commerce
15. Allahabad Bank