JAIIB · IEIFS · Chapter 21

Indian Banking Structure

Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Indian Economy and Indian Financial System — JAIIB.

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Q

What is Indian Banking Structure?

A

is the central nervous system of the Indian financial sector.

Q

ICICI Bank Ltd?

A

June 1994

Q

HDFC Bank Ltd?

A

August 1994

Q

1 Apr 2017 — Merger / Anchor Bank / Banks merged into anchor?

A

Merger: SBI consolidation; Anchor Bank: SBI; Banks merged into anchor: 5 Associate Banks + Bharatiya Mahila Bank

Q

1 Apr 2019 — Merger / Anchor Bank / Banks merged into anchor?

A

Merger: Vijaya / Dena BoB; Anchor Bank: Bank of Baroda; Banks merged into anchor: Vijaya Bank, Dena Bank

Q

1 Apr 2020 — Merger / Anchor Bank / Banks merged into anchor?

A

Merger: Mega-merger (4 deals); Anchor Bank: PNB / Canara / Union / Indian; Banks merged into anchor: Oriental Bank + United Bank PNB; Syndicate Canara; Andhra + Corporation Union; Allahabad Indian

Q

NABARD — National Bank for Agriculture and Rural Development — Established / Sectoral Focus?

A

Established: 12 Jul 1982 (NABARD Act 1981); Sectoral Focus: Agriculture, RRB & co-operative refinance, rural development

Q

EXIM Bank — Export-Import Bank of India — Established / Sectoral Focus?

A

Established: 1 Jan 1982 (EXIM Bank Act 1981); Sectoral Focus: Export and import finance, LoCs to foreign govts

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