Banking awareness study material – About bank and financial system in India

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Welcome to banker’s herald reader, how are you? How is going on preparation for bank exam? We know all students who are going to participate in upcoming bank exam 2015 worry about bank exam preparation. They have many questions in your mind like how to start bank exam preparation? Which type of question asked in bank exam and many other questions? So here we are trying to give answer the entire question related to bank exam preparation. So those students are going to give upcoming bank exam held on year 2015. In below we are mentioned some point related to how to start bank exam preparation must check.

  • First of all students must regularly visit official website and check new notification regarding bank exam.
  • Then applied students must aware that bank exam syllabus and pattern 2015
  • Then download bank exam syllabus and pattern 2015
  • Applied candidates must read bank exam syllabus and pattern and we advised, write down syllabus and pattern in note book.
  • As you know that, in bank exam is consist five parts like General awareness, Quantitative aptitude, General Reasoning, General English and Computer knowledge.
  • Then applied applicant must make a study plan for all the section asked in bank exam because time period is play very important role in bank exam.
  • We hope, applied candidates can easily handle all section like General English, Quantitative aptitude, General English and computer knowledge but worry about General awareness.
  • So here we suggest to all aspirant who are going to give written exam don’t worry about General awareness part. Here we are giving full information about general awareness as well as banking awareness.

Today we are back with latest valuable information about banking awareness study material like all about knowledge about bank and financial system in India. Here applied candidates can check all about bank like bank definition, types of bank, Role of banking and Bank function.

 Banking awareness study material-About bank and financial system in India:


  • Bank is financial institution, which accepts any type of deposits that can be withdrawn on demand. Bank is also lends money to individuals person and business houses that purpose it.
  • A bank is lawful organization, which collect surplus funds from the individuals’ person and make them obtainable to the true owner when required but also lends sums not need for by their true owner to those who are need of money and can provide security.
  • Bank is financial institution, which take deposits withdraw able by cheque and make loans and advance for the purpose of earning profit.


Role of Banking in daily life:

  1. Bank gives money for business as well as personal uses. Bank play very important role in the economy of the nation.
  2. Bank give support saving habit amongst people and also provide funds for productive use
  3. Bank provide loans for individuals personal as well as business for short term and long term needed it


Type of bank in India:

As your knowledge there are various types of banks working in our country.

  1. Central bank of India (RBI)

Click here to check full details about Central bank (RBI).

    2.   Commercial bank:

In Commercial banks are dividing in three types of bank check below:

  • Public Sector bank
  • Private sector bank
  • Foreign Sector bank

   3.   Development bank

  • IFCI
  • SFCs

  4.   Co-Operative banks:

  • Primary Credit Societies
  • Central Co-Operative bank
  • State Co-operative bank

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 5.    Specialized bank

There are many financial institution include under specialized bank.

  • Exmi bank
  • NHB
  • IDBI bank

Central bank of India (RBI):

Full details click here

Commercial bank:

  • Commercial bank is as well as simple bank. It is banking financial institutions which accept deposit and short term loans and proceed to their customer.
  • Commercial banks, which are divide in these types of banks public sector bank, private sector bank and foreign sector bank.

Public Sector Bank (PSB): Public Sector bank is shortly known as PSB. PSB is registered by government of India and Reserve bank of India:

List of Public Sector banks check below:

  • Allahabad bank
  • Andhra bank
  • Bank of Baroda
  • Bank of India
  • Bank of Maharashtra
  • Canara Bank
  • Central bank of India
  • Corporation bank
  • Dena bank
  • Indian bank
  • Indian overseas bank
  • Oriental bank of Commerce
  • Punjab and Sindh bank
  • Punjab national bank
  • Syndicate bank
  • UCO bank
  • Union bank of India
  • United bank of India
  • Vijaya Bank
  • IDBI bank
  • State bank of Bikaner and Jaipur (SBBJ)
  • State bank of Hyderabad (SBH)
  • State bank of Travancore
  • State bank of Patiala
  • State bank of Mysore

Private Sector bank:

  • Private sector bank is majority of funds capital of the bank is held by private sector.
  • Private sector banks are established as companies with limited liabilities.

List of private sector banks in our country:

  • ICICI Bank
  • Axis bank
  • Yes bank
  • Federal bank

Foreign banks:

  • In case of foreign banks, which are registered and have their headquarter in abroad but operate foreign banks branches in India.

List of Foreign banks:

  • Hong Kong and Shanghai banking corporation (HSBC)
  • Citibank
  • American Express bank
  • Standard and Charted bank

Development bank:

  • When Business often purpose short term and long term funds for purchase of machinery and equipment, latest technology, expansion and modernization like financial institution is provide by development banks.

List of Development bank:

  • IFCI
  • SFCs

Specialized banks:

  • Exmi bank
  • NHB
  • IDBI bank

Full details click here