BANKING

BANKING

Lesson 1

Meaning

• Business Activity of

• Accepting the money

• And lending out the same

• to earn profit

Meaning of Bank

• Financial Institution which

• Accepts the money

• And lends out the same

• to earn profit

Structure Of Banking Sector in INDIA

State Bank Of India (SBI)

• Multinational Indian Bank

• Govt. Corporation Statutory Body

• Headquarter in Mumbai, Maharashtra.

• 43^rd largest bank in the World

SBI

• Established as Bank of Calcutta in 1806

• In 1809, renamed as Bank of Bengal

• Merged with Bank of Bombay (incorporated in 1840) and Bank of Madras (incorporated in 1843)

• Form Imperial Bank of India in 1921

SBI

• In 1955, renamed as State Bank of India

• Headquarter was in Calcutta

• Later shifted to Mumbai

• 
  

YONO- SBI App

• YONO- You Only Need On

• Launched on 24th November 2017

• Offered as Smartphone app

• Services like train booking, bus booking, online shopping, account opening, fund transfer, bills payments, loan,etc.

Multiple Choice

What do you mean Banking?

• Business Activity of Accepting money only

• Business Activity of Lending out money only

• business activity to earn a profit

• All

Multiple Choice

What do you mean by Bank?

• Financial institution doing banking activity to earn profit

• Any Institution termed as Bank

Multiple Choice

Full Form OF SBI

• State Bank of India

• Statutory Bank of India

• State of Imperial

Multiple Choice

Indian Bank established in 1806 is____________________

• Bank of Calcutta

• Bank of Bombay

• Bank of Madras

• SBI

• Imperial Bank of India

Multiple Choice

SBI is merged with _____________________ to form Imperial Bank Of India.

• Bank Of Bombay and Bank of Madras

• Bank of Calcutta and Bank of Bombay

• Bank of Bengal and Bank of Madras

• Bank of Madras and Imperial Bank of India

Multiple Choice

Headquarter of SBI is in______

• Calcutta

• Mumbai

• Delhi

Multiple Choice

YONO stands for_______

• You Only Need One

• Your Only Need Once

Multiple Choice

What is YONO?

• Smartphone App

• Launched by SBI

• For providing various services like account opening, ticket booking, online shopping, etc.

• All