There are currently about 101 commercial banks in India, which include public sector banks, regional rural banks & private sector banks both domestic & foreign. Public sector banks account for only 27, while the private sector includes 32 (24 old, 8 new) domestic banks and 42 foreign banks. RBI is the central bank of the country. It is the sole authority for issuing bank notes and the supervisory body for banking operations in India. It is also responsible for granting licenses new bank branches. RBI's relationship with the commercial banks extends from supervisory role to the lender of last resort. RBI has laid down certain restrictions relating to amount advances and interest rates of bank lending operations.
The RBI stipulates capital adequacy norms for banks in India... Banks are expected to maintain their capital investment according to the overall level of Non-Performing Assets & overall risk of bank assets. RBI also sets the CRR & SLR rates to control the money supply in the market.
Commercial banks at present have more than 67000 branches throughout India. Taking the figure of India's population as 1 billion and & the number of branches to be 67000s there exists a ratio of 1 branch per 1493 persons. Foreign banks have lesser number of branches than public sector banks. These branches are usually situated in metropolitan cities. Their penetration is more in urban areas unlike public sector banks that have penetrated the rural & semi rural markets extensively. The banking sector is quite liberalized now where any player could enter the market whether Indian or foreign.
[...] banks that offer customers supply chain management solutions, and offer their customers' employees account relationships and facilities and services earlier limited only to a privileged few.” EVOLUTION OF CASH MANAGEMENT In earlier times the mode of exchange that existed was that of barter system. Such a system ensured that one paid for one's purchases immediately i.e. there was a simultaneous realization of due. The improvements in simple sort of barter led to the tendency of selecting one or two items in preference to others so that the preferred items started to get accepted because of their quality of acting as a media of exchange for almost all items. [...]
[...] HDFC BANK CASH MANGEMENT SERVICE Customer Feedback Form Dear Customer, Thank you for using our Cash Management Services. We would like to request your participation in this survey, which is part of our Endeavour to continuously improve our CMS Product Offering. The survey is short and will take less than 15 minutes to complete. We sincerely appreciate the time spent in completing this questionnaire. Company Name Name of respondent Designation of respondent Telephone/Fax number Date of Response RM Name How would you rate the performance of Cash Management Services, HDFC Bank on the following parameters. [...]
[...] The products that are now a part of most banks' corporate banking portfolio are the following; Cash Management Services This is a treasury management tool for any corporate today. It speeds up the realization of receivables, handles payments on account of the corporate provides the facility of pooling funds & also other services to improve the reconciliation processes. Trade Finance The purpose of this particular product is to arrange & settle payments between importers & exporters. Pre-shipment or post- shipment credit is provided to the client enabled by letters of credit which is usually used for extension of credit to the importer, purchasing export receivables, advance payment guarantees etc. [...]
[...] With all banks now aiming at becoming a one stop shop for all banking requirements of a corporates cash management is now a generic product. It however is imperative for all banks in India to provide this service. From the bank's perspective the costs involved in providing this service are as follows: a. Manpower costs b. Infrastructure cost c. Technology cost- This costs deals with costs of maintaining and upgrading the technology to meet the needs of the corporates. d. [...]
[...] HDFC BANK CASH MANAGEMENT SERVICE HDFC bank offers a one-stop shop for collections and disbursements products under the Cash Management Services umbrella. They have been providing this service only for the past seven years; they are one the premier cash management service providers. There are seven different products provided by the bank under collections. COLLECTION PRODUCTS LCT (local clearing and transfer) This is a collection product under which the client deposits a local cheque drawn on respective HDFC bank locations, the same is locally cleared and credit is passed on to the client into his central account. [...]
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