BANKING STRUCTURE IN INDIAReserve Bank of India (RBI) The country had no central bank prior to the establishment of the RBI. The RBI is the supreme monetary and banking authority in the country and controls the banking system in India. It is called the Reserve Bank’ as it keeps the reserves of all commercial banks. Scheduled & Non –scheduled Banks A scheduled bank is a bank that is listed under the second schedule of the RBI Act, 1934. In order to be included under this schedule of the RBI Act, banks have to fulfill certain conditions such as having a paid up capital and reserves of at least 0.5 million and satisfying the Reserve Bank that its affairs are not being conducted in a manner prejudicial to the interests of its depositors. Scheduled banks are further classified into commercial and cooperative banks. Non- scheduled banks are those which are not included in the second schedule of the RBI Act, 1934. At present these are only three such banks in the country. Commercial Banks Commercial banks may be defined as, any banking organization that deals with the deposits and loans of business organizations.Commercial banks issue bank checks and drafts, as well as accept money on term deposits. Commercial banks also act as moneylenders, by way of installment loans and overdrafts.Commercial banks also allow for a variety of deposit accounts, such as checking, savings, and time deposit. These institutions are run to make a profit and owned by a group of individuals. Scheduled Commercial Banks (SCBs): Scheduled commercial banks (SCBs) account for a major proportion of the business of the scheduled banks. SCBs in India are categorized into the five groups based on their ownership and/or their nature of operations. State Bank of India and its six associates (excluding State Bank of Saurashtra, which has been merged with the SBI with effect from August 13, 2008) are recognised as a separate category of SCBs, because of the distinct statutes (SBI Act, 1955 and SBI Subsidiary Banks Act, 1959) that govern them. Nationalised banks and SBI and associates together form the public sector banks group IDBI ltd. has been included in the nationalised banks group since December 2004. Private sector banks include the old private sector banks and the new generation private sector banks- which were incorporated according to the revised guidelines issued by the RBI regarding the entry of private sector banks in 1993. Foreign banks are present in the country either through complete branch/subsidiary route presence or through their representative offices. Types of Scheduled Commercial Banks Public Sector Banks Public sector banks before the economic liberalisation The share of the banking sector held by the public banks continued to grow through the 1980s, and by 1991 the public sector banks accounted for 90% of the banking sector. A year later, in March, 1992, the combined total of branches held by public sector banks was 60,646 across India, and deposits accounted for Rs. 1,10,000 crore. The majority of these banks were profitable, with only one out of the 21 public sector banks reporting a loss. Problem, with nationalised banks reporting a combined loss of Rs. 1160 crores. However, the early 2000s saw a reversal of this trend, such that in 2002-03 a profit of Rs. 7780 crores by the public sector banks: a trend that continued throughout the decade, with a Rs. 16856 crore profit in 2008-2009. Nationalised Banks 1. Allahabad Bank Allahabad Bank is a nationalised bank with its headquarters in Kolkata, India. It is the oldest joint stock bank in India. On 24 April 2014, the bank entered into its 150th year of establishment. It was founded in Allahabad in 1865. 2. Andhra Bank Andhra Bank (BSE: 532418) is a medium-sized public sector bank (PSB) of India, with a network of 2803 branches, 4 extension counters, 38 satellite offices and 3636 automated teller machines (ATMs) as of 31 Mar 2016. During 2011–12, the bank entered the states of Tripura and Himachal Pradesh. The bank now operates in 25 states and three Union Territories. Andhra Bank has its headquarters in Hyderabad, Telangana, India. 3. Bank of India Bank of India ) (BoI) is commercial bank with headquarters at Bandra Kurla complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. However, some branches are individually owned, such as Kandia, Indonesia, etc. Bank of India has 5100 branches as on 31 January 2017, including 56 offices outside India, which includes five subsidiaries, five representative offices, and one joint venture. BoI is a founder member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications), which facilitates provision of cost-effective financial processing and communication services. 4. Bank of Baroda Bank of Baroda (BoB) is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. It has a corporate office in Mumbai.Based on 2017 data, it is ranked 1145 on Forbes Global 2000 list. BoB has total assets in excess of ₹ 3.58 trillion, a network of 5538 branches in India and abroad, and 10441 ATMs as of July, 2017. 5. Bank of Maharashtra Bank of Maharashtra is a major public sector bank in India. Government of India holds 81.61% of the total shares. The bank has 15 million customers across the length and breadth of the country served through 1897 branches as of 5 April 2016. It has largest network of branches by any public sector bank in the state of Maharashtra. 6. Canara Bank Canara Bank is one of the largest public sector banks owned by the Government of India. Its headquarters is in Bengaluru. It was established at Mangalore in 1906, making it one of the oldest public sector banks in the country. The government nationalized the bank in 1969. As of 30 June 2017, the bank had a network of 6089 branches and more than 10519 ATMs spread across India. The bank also has offices abroad in London, Hong Kong, Moscow, Shanghai, Doha, Bahrain, South Africa, Dubai, Tanzania and New York. 7. Central Bank of India Central Bank of India, a government-owned bank, is one of the oldest and largest commercial banks in India. It is based in Mumbai which is the financial capital of India and capital city of state of Maharashtra. The bank has 4730 branches, 5319 ATM's and 4 extension counters across 27 Indian states and three Union Territories. At present, Central Bank of India has overseas office at Nairobi, Hong Kong and a joint venture with Bank of India, Bank of Baroda, and the Zambian government. The Zambian government holds 40 per cent stake and each of the banks has 20 per cent. Recently it has also opened a representative office at Nairobi in Kenya. 8. Corporation Bank Corporation Bank is a public-sector banking company headquartered in Mangalore, India. The bank has a pan-Indian presence. Presently, the bank has a network of 2,440 fully automated CBS branches, 3,040 ATMs, and 4,724 branchless banking units across the country. The bank has representative offices in Dubai and Hong Kong.As of 31 March 2016, the total business of the bank was ₹345,493 crore(US$54 billion). Total deposits stood at ₹205,171 crore (US$32 billion) and total advances were ₹140,322 crore (US$22 billion). The bank's net worth rose to ₹11,344 crore (US$1.8 billion). 9. Dena Bank and Bangkok. 10. and Dubai.511 crores for the year ending 2014-15 and Business per employee is Rs. 11. India. and 223 correspondent banks in 71 countries. Dena Bank . 15. The bank was founded in 1894. 12. and currently in Pakistan).The bank has achieved 100% networking status as well as 100% CBS status for its branches. 1. Indian Bank Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai. with about 3700 domestic branches. Of its 1466 branches spread throughout India. The bank's operating profit for the year ending 2014-15 is Rs. with seven branches in the UK). Oriental Bank of Commerce Oriental Bank of Commerce is an India-based bank established in Lahore (then the city of British India. and in Singapore. Indian Overseas Bank has branches in Singapore. 121. The bank was founded in 1938 and the Indian government nationalized it in 1969. India. Punjab National Bank Punjab National Bank (PNB) is an Indian multinational banking and financial services company. and Kabul. is one of the public sector banks in India. Seoul. 775.62%).45 crores. as well as branches in Hong Kong. It is a state-owned corporation based in New Delhi. 14.937 branches. 13. Indian Overseas Bank Indian Overseas Bank (IOB) is a major public sector bank based in Chennai(Madras).661 employees. As of 31 March 2017 the bank has over 80 million customers. It has 20. The net worth of the bank as on 31. 4812 crore. and eight branches and offices overseas as of 30 September 2014.15 is Rs. with headquarters in New Delhi. Dubai. Punjab & Sindh Bank Punjab & Sind Bank is a government-owned bank (79. 623 branches are in Punjab state.55% for the year ending 2014-15. which had developed the software that its branches used to provide online banking to customers earlier. IOB has a network of about 3300 ATMs all over India. Kowloon.35 crores and net NPA is 3.773. and 10681 ATMs across 764 cities.95 crore. Vietnam. PNB has a banking subsidiary in the UK (PNB International Bank. Since 1969 the Government of Indiahas owned the bank. including 1150 branches in Tamil Nadu. 6. headquartered in Mumbai and its total branch network stands at 1.03. Colombo. 2594 branches and is one of the top performing public sector banks in India.51. IOB also is part-owner of a joint-venture bank in Malaysia. It has overseas branches in Colombo and Jaffna in Sri Lanka. Its net profit is Rs. It has . Indian Overseas Bank has an ISO certified in-house Information Technology department. It has representative offices in Guangzhou. 3 extension counters. Total business of the bank was Rs. BSE: 532477) is one of the largest government- owned banks of India (the government owns 63. State Bank of India. 278. formerly United Commercial Bank. 420 million customers. State Bank of Patiala and State Bank of Travancore) and Bharatiya Mahila Bank with itself. It is listed . 16.000 employees. which has 50 branches. This is the first ever large scale consolidation in the Indian Banking Industry. It was founded by T M A Pai. The Bank is headquartered in the university town of Manipal. Oslo (Norway). the bank was known as Canara Industrial and Banking Syndicate Limited. was nationalised on 19 July 1969. Union Bank of India Union Bank of India (UBI.000 branches and 59. In Nepal PNB owns 20% of Everest Bank Limited. It has 198 offices in 37 countries. it is ranked 1860 on Forbes Global 2000 List. along with 13 major commercial banks of India. and more than 24.55 lakh crore. It is a government-owned corporation with its headquarters in Mumbai.44% of its share capital). SBI's market share will increase to 22 percent from 17 per cent. State Bank of Mysore. Upendra Pai and Vaman Kudva. As of 6 January 2017 the bank had 4. Maharashtra. Dubai (United Arab Emirates). UCO Bank UCO Bank. by the Government of India. is a major government-owned commercial bank of India. which has four branches. It was a rise of 796 ranks considering it was listed at the 1090th position among India's most trusted brands in the Brand trust Report 2013. 18. established in 1943 in Kolkata. 2017. In Bhutan it owns 51% of Druk PNB Bank. At the time of its establishment. Kolkata. State Bank of India State Bank of India (SBI) is an Indian multinational. With the merger. On 1st April. Shanghai (China). a study conducted by Trust Research Advisory. UCO Bank was ranked 294th among India's most trusted brands according to the Brand Trust Report 2014. UCO Bank's headquarters is on BTM Sarani. During FY 2013-14. India. State Bank of India will enter the league of top 50 global banks with a balance sheet size of ₹33 trillion. which has five branches. It also has two overseas branches in Singapore and Hong Kong. 301 correspondents in 72 countries. State Bank of Hyderabad. 17. representative offices in Almaty (Kazakhstan). Lastly. public sectorbanking and financial services company.000 ATMs. 15. PNB owns 84% of JSC (SB) PNB Bank in Kazakhstan.000 plus service units 49 zonal offices spread all over India. which is India's largest Bank merged with five of its Associate Banks (State Bank of Bikaner & Jaipur. Based on 2014 data. The bank. and Sydney (Australia). its total business was ₹ 4. Syndicate Bank Syndicate Bank is one of the oldest and major commercial banks of India. The company is ranked 232nd on the Fortune Global 500 list of the world's biggest corporations as of 2016. Union Bank of India (UK). India. The Bank has an aggregate balance sheet size of INR 3. However.individual as well as corporate. one each at Kolkata. United Bank of India now aims to expand its international activities. its major presence is in Northern India. UBI also has representative offices at Shanghai. India.45 billion. It is one of 21 commercial banks owned by the Government of India. Presently the bank has a three-tier organisational setup consisting of its head office in Kolkata. IDBI Bank IDBI Bank is an Indian government-owned financial service company. New Delhi and Mumbai. Dubai International Financial Centre. . UBI operates in the United Kingdom through its wholly owned subsidiary. On 30 March 2009. All the bank's branches have been networked with its 6909 ATMs as on 30 September 2015.Central government is the owner of this bank and employees will be called as Central Govt staffs. formerly known as Industrial Development Bank of India. 35 regional offices and 2005 branches spread all over India. Beijing and Abu Dhabi. 20. Karnataka. 1995 branches. The bank offers a wide range of financial products and services to the customers through its various delivery channels. Vijaya Bank Vijaya Bank is a public sector bank with its corporate office in Bangalore. It is one of the nationalised banks in India. India. Four of these are overseas in Hong Kong.50 billion in the next fiscal year in Tier-I capital instruments. It is currently 10th largest development bank in the world in terms of reach. and 1382 centers. The bank has a network of 2031 branches (March 2017) throughout the country and over 4000 customer touch points including 2001 ATMs 21. Antwerp. headquartered in Mumbai.74 trillion as on 31 March 2016. Its online Telebanking facility are available to all its Core Banking Customers . on the Forbes 2000. and Sydney (Australia). As of September 2016. the Indian government approved the restructuring of United Bank of India. with 3700 ATMs. The move is part of the Indian government's program to improve the capital base of the state- owned banks. UBI has 4214 branches. Lastly. and has assets of USD 13. The bank has three full-fledged overseas branches. The government proposed to invest 2. It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry.5 billion rupees in shares by 31 March and another 5. including one overseas branch at Dubai. 19. United Bank of India United Bank of India is an Indiangovernment-owned financial services company headquartered in Kolkata. old and new. However. To mobilize savings from masses from all parts of the country.[2] The next major nationalisation of banks took place on 19 the July 1969 when the government of India. To cater to the needs of the priority sectors.. They have grown faster & bigger over the two decades since liberalisation using the latest technology.[3] The next round of nationalisation took place in April 1980. Examples of public sector banks are: SBI. The private sector banks are split into two groups by financial regulators in India. Bank of India.Emergence of public sector banks The Central Government entered the banking business with the nationalization of the Imperial Bank Of India in 1955. This move led to a further increase in the number of branches in the market. The seven other state banks became the subsidiaries of the new bank in 1959 when the SBI(Subsidiary Bank's) Act was passed. The old private sector banks existed prior to the nationalisation in 1969 and kept their independence because they were either too small or specialist to be included in nationalisation. since liberalisation in government banking policy in the 1990s.. under prime minister Indira Gandhi. nationalised an additional 14 major banks... Banking in India has been dominated by public sector banks (since the 1969) when all major banks were nationalised by the Indian government. increasing to 91% of the total branch network of the country. The new private sector banks are those that have gained their banking license since the liberalisation in the 1990s. A 60% stake was taken by the Reserve Bank of India and the new bank was named as the State Bank of India.. providing contemporary innovations and monetary tools and techniques. This move increased the presence of nationalised banks in India. To prevent the concentration of wealth and economic power. old and new private sector banks have re-emerged.The "private-sector banks" are banks where greater parts of share or equity are not held by the government but by private share holders. These are banks where majority stake is held by the Government of India. Private Sector Banks The private-sector banks in India represent part of the Indian banking sector that is made up of private and public sector banks. The government nationalised six banks. etc. The objectives behind nationalisation were: To break the ownership and control of banks by a few business families. total public sector banks are 21 including IDBI . The total deposits in the banks nationalised in 1969 amounted to 50 crores. The total deposits of these banks amounted to around 200 crores. with 84% of the total branches coming under government control. . Canara Bank. because of their small size and regional focus. Chennai. One of the positive points of these banks is that. was incorporated as a limited company on 31 October 1904. they are likely to attract more business in days to come with the restructuring of the industry round the corner. As of 30 September 2017. The Kumbakonam Bank Limited. Cochin National Bank had three offices and Coimbatore National Bank had only one. The Nedungadi Bank was the first private sector bank in India which was founded in 1899 by Rao Bahadur T. etc. In 1964 it acquired the Cochin National Bank in Trichur. These banks are registered as companies with limited liability. Kerala. which were not nationalized at the time of bank nationalization that took place during 1969 and 1980 are known to be the old private-sector banks. Examples of private sector banks are: ICICI Bank. 25 January 1933). including branches at all major metropolitan cities such as New Delhi. Calcutta. as it was at first called. Their Board of directors mainly consist of locally prominent personalities from trade and business circles. Over time. Axis bank. HDFC. (Thalakodi Madathil) Appu Nedungadi established Nedungadi Bank in 1899 at Calicut in Kerala.M. City Union Bank has a network of 557 computerized branches and 1. The bank initially preferred the role of a regional bank in the Thanjavur district of Tamil Nadu. they lean heavily on service and technology and as such. etc.526+ ATMs across the . It was first private sector commercial bank to be set up in South India. Nedungadi established some 174 branches. (Thalakodi Madathil) Appu Nedungadi in Kozhikode. Mumbai. List of the old private-sector banks in India Name 1. 2. Ahmedabad.M. These are banks majority of share capital of the bank is held by private individuals. These were not nationalized. Most of the old private-sector banks are closely held by certain communities their operations are mostly restricted to the areas in and around their place of origin. The bank was incorporated in 1913. Old private-sector banks[edit] The banks. City Union Bank The City Union Bank Limited is an Indian bank. and then the year after Nedungadi took over selected assets and liabilities of the Coimbatore National Bank (est. Nedungadi Bank ( Merged with Punjab National Bank in 2003) Rao Bahadur T. 3. Green Trac and KVB Happy Kisan among others. headquartered in Karur in Tamil Nadu.748 ATMs as on Mar 31. Catholic Syrian Bank The Catholic Syrian Bank Limited (CSB) is an Indian private sector bank with its headquarters at Thrissur. 4. Schemes provided by KVB under agricultural banking include Green Harvester. Karur Vysya Bank Karur Vysya Bank (Tamil) ககககக கககககக ககககக is an Indian private-sector bank. and fixed deposits among others. the bank provides housing loan. KVB MSME Vendor Bill Discounting and KVB MSME Standby Term Loan among others.000 crore as on Mar 31. Kerala. 2017. The bank had added more branches and 10 ATMs during the year thus bringing the total to 735 branches and 1. It was set up in 1916 by M. e-book. Tamil Nadu. India. Under corporate banking. etc. demat account. corporate/wholesale banking and retail banking segments. corporate. Under personal banking. A. The bank has a network of over 420 branches and more than 240 ATMs across India. self-service kiosks. Tamilnad Mercantile Bank Tamilnad Mercantile Bank Limited (TMB) (Tamil)ககககககககக ககககககககககக ககககக is a bank headquartered at Tuticorin. To cater to the needs of customers for many different walks of life. It also offers many loan products to service the financial needs of small individual customers to large industries. Venkatarama Chettiar and Athi Krishna Chettiar. KVB provides services such as personal. Under MSME. Bulk Note Acceptors and Point of Sales etc. The bank also provides a gamut of technological services like net banking. multicity current account and general insurance among others. agricultural banking and services to NRIs and MSME. Total business volume is 95. TMB was founded in 1921 as the Nadar Bank. the banks also have a wide offering of savings and deposit products to meet the demand of various customers. The latest being introduction of fast tag and UPI based payment system. It introduced a number of initiatives in FY16 like reloadable cards. insurance. automatic passbook kiosk. India. kisan credit cards. the bank provides products such as KVB MSME Cash. personal loan. country. It is one of the oldest banks in India. 5. but changed its name . KVB MSME Term Loan. KVB provides services like corporate loans. 2017. The bank primarily operates in treasury. mobile banking. The Reserve Bank of India has designated Karnataka Bank Limited as an A1+ class Scheduled Commercial Bank. 6. Lakshmi Vilas Bank Lakshmi Vilas Bank (Tamil) ககககககக கககககக ககககக was founded in 1926 by a group of seven businessmen of Karur under the leadership of Shri V. Subsequent to introduction of the Banking Regulations Act. six central processing centres. to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community. Their objective was to cater to the financial needs of people in and around Karur who were occupied in trading businesses.[7][8] The bank has been expanding its footprint all over India.[1][5][6] The bank currently has 507 full branches throughout India. India. 1926 under the Indian Companies Act. the . The bank has expanded to Uttar Pradesh and Uttarakhand. Nainital Bank ( Wholly owned subsidiary of Bank Of Baroda) The Nainital Bank Limited (NTB) (known as Nainital Bank)[2] (Hindi: ननननननन नननन) is a scheduled commercial bank founded in 1922.[1][3][4] It has a total business of more than Rs. Karnataka Bank Limited currently has a network of 773 branches. 12 Regional offices and eleven Extension Counters.S. 1.398 ATM's and 111 e-lobbies/mini e-lobbies across 22 states and 2 Union territories.000 shareholders. four Currency Chests. 7. 1926. 19 eLobby centres and 1094 Automated Teller Machines (ATM).N. For the financial year 2016-2017. 8. one Service Branch. Ramalinga Chettiar. 1949 and Reserve Bank of India as the regulator for the banking sector. and obtained the certificate to commence business on November 10. industry and agriculture. Delhi and Haryana.2 million customers throughout the country.46.[6] and is listed as a scheduled bank by the Reserve Bank of India. The tag line of the bank is "Your Family Bank Across India". 1913. and has over 130 branches in Rajasthan. It has over 8000 employees and 8. The bank was incorporated on November 3. Karnataka Bank The Karnataka Bank Limited (Kannada: ಕರ್ಣಾಟಕ ಬ್ಯ ಾಂಕ್ ಲಿಮಿಟೆಡ್) is a major banking institution based in the coastal city of Mangaluru in Karnataka. 8000[5] (Crore) and aims to be TTC (Ten Thousand Crore). the bank reported a net profit of ₹ 3166 million. Its shares are entirely privately owned by over 1. The bank is a subsidiary of Bank of Baroda. 11. South Indian Bank South Indian Bank Limited (SIB) (BSE: 532218. Federal Bank The Federal Bank Limited is a major private sector commercial bank headquartered at Aluva. and private banking platforms formed from the 2002 purchase of an equity stake in Vysya Bank by the Dutch ING Group. India. and Haryana. ING Vysya Bank (Merged with kotak Mahindra bank) ING Vysya Bank (Kannada: न. August 1958 it became a ‘scheduled commercial bank’ signifying capability to operate as a full-fledged commercial bank. Goa. This merger marked the first between an Indian bank and a foreign bank.counters and 20 Regional Offices spread across more than 27 states and 3 union territories in India. India. . It has set up 1320[1] ATMs and 17 Bulk Note Acceptor/Cash Deposit Machines all over India.[3] Prior to this transaction. Vysya Bank had a seven-year-old strategic alliance with erstwhile Belgian bank Banque Bruxelles Lambert. Dhanlaxmi Bank Dhanlaxmi Bank Ltd is an old private sector bank headquartered in ThrissurCity. Kochi. with retail. South Indian Bank has 850 branches.48 ext. It became a Scheduled Commercial Bank in the year 1977.ननन. which was also acquired by ING Group in 1998. Madhya Pradesh. Dhanalakshmi Bank Ltd was incorporated on 14 November 1927 at Thrissur city. Kerala. Andhra Pradesh.Kerala with a capital of ₹11. Gujarat. Rajasthan. Chandigarh.000 and 7 employees. Tamil Nadu.नन ननननन ननननननन नननननननन) was a privately owned Indian multinational bank based in Bangalore. wholesale. 9. Uttar Pradesh.June 1958. NSE: SOUTHBANK) is a major private sector bank headquartered at Thrissur in Kerala. and on 11. Its balance-sheet stood at Rs. Delhi. Federal Bank has 1252 branches and 1680 ATMs across the country. Punjab. As on 31 March 2016. 10. 4 service branches. Karnataka. Maharashtra. Kerala. Today it has 280 branches and 398 ATMs spread over the states of Kerala. West Bengal. bank obtained its banking license from RBI on 19. Telangana. 12. Main Bouleveard.Corporate & Institutional Banking. It serves Pakistan and functions as an international bank and is one of the prominent financial institutions of the country holding AA ratings from PACRA. Retail Banking.000 Crores[3]. all of whom acquired major shareholdings. RBL is one of the oldest private sector banks in India. headquartered in the Kolhapur region of Maharashtra. . The most notable of which were Pandit Sriniwas Magotra.250 Crore (Enhanced from Rs.1938 under letters patent issued by the Maharaja of Jammu and Kashmir. It offers a range of banking products and services categorized largely in 5 verticals . The Raja had invited the eminent investors to become the founding directors and shareholders of the bank. 13. Hari Singh. 1. Commercial Banking. IDB Bank Ltd (reverse merged with parent IDBI in 2004 to become IDBI Bank. 15. Lahore in Pakistan. Abdul Aziz Mantoo.with stable outlook on the Fixed Deposit Programme and the rating of [ICRA] A1+ to the Short Term Fixed Deposits Programme of the bank.15 million customers [2] and has a total business size of over Rs. India.37 trillion as of end March 2016 and its Net Profit stood at Rs. The Bank currently services approximately 3. Jammu and Kashmir Bank The Jammu and Kashmir Bank (Urdu. 475 crore for the fiscal year. 14. Bank of Punjab (actually an old generation private bank since it was not founded under post-1993 new bank licensing regime) The Bank of Punjab is a Pakistani bank headquartered at BOP Tower. SBI Commercial and international Bank 16. Agri & Development Banking and Financial Markets. It has also reaffirmed the rating of [ICRA]MAA. Gulberg. Making this public sector bank private) 17. ICRA has reaffirmed the rating of [ICRA] A1+ to the Rs 2. RBL Bank RBL Bank Limited is a scheduled commercial bank.500 Crore) Certificates of Deposits Programme of RBL Bank. Pesten jee and the Bhaghat Family. 1.[4] As of June 2017. Founded in August 1943. 64. )جموں و کشمیر بنکwas founded on 1 - October . 19. Gelli's successor resigned after six months. Its founders included Ramesh Gelli (its first Chairman). and Jayant Madhob. One consequence was that merger talks with UTI Bank fell through. The bank listed its shares on the major Indian stock exchanges and on the Luxembourg Stock Exchange. It operated on a strong nationwide franchise of 403 branches and had over 5. Global Trust Bank (India) (Merged with Oriental Bank of Commerce) Global Trust Bank (India) (GTB) was founded on 21 October 1994 and commenced operations at Secunderabad. Centurion Bank of Punjab (Merged Bank of Punjab in late 2005 to become Centurion Bank of Punjab. etc Foreign banks with branches in India . Examples of foreign banks in India are: HSBC. Standard Chartered Bank. Gelli briefly returned to the bank in February 2004 before being again forced to resign. Citibank. Sridar Subasri. among others. acquired by HDFC Bank Ltd.000 employees. On 23 May 2008 HDFC Bank acquired Centurion Bank of Punjab. The bank introduced a number of technology-based innovations and responsive service. The Reserve Bank of India (RBI) forced Gelli to resign. in 2008) The Centurion Bank of Punjab (formerly Centurion Bank) was an Indianprivate sector bank that provided retail and corporate banking services.[1] GTB was involved in the stock market scam of 2001. and Gelli's son joined the board of directors. Foreign Banks These banks are registered and have their headquarters in a foreign country but operate their branches in our country. when the market crashed the bank suffered extensive losses. that the stockbroker Ketan Parekh ran. GTB lent heavily to individuals speculating in the stock market. 18. In 2004. National Australia Bank 4. Societe Generale . Commonwealth Bank of Australia 3. Industrial & Commercial Bank of China French banks 1. Antwerp Diamond Bank Canadian bank 1. Australia and New Zealand Banking Group 2. Bank of Nova Scotia Chinese bank 1. Westpac Banking Corporation Bahraini banks 1. List of banks which are incorporated outside India and are operating branches in India (as of 31 January 2015): Australian banks 1. Bank of Bahrain and Kuwait Bangladeshi banks 1. AB Bank 2. BNP Paribas 2. Credit Agricole 3. Sonali Bank Belgian bank 1. Sumitomo Mitsui Banking 3. Mizuho Corporate Bank 2. VTB Omani bank 1. Bank of Tokyo-Mitsubishi Mauritian bank 1. Doha bank Russian banks 1. Bank Internasional Indonesia Japanese banks 1. State Bank of Mauritius Dutch bank 1. DBS Bank . Rabobank Qatari bank 1. German banks 1. Deutsche Bank Indonesian bank 1. HSBC Bank Oman Singaporean banks 1. Sberbank 2. Chinatrust Commercial Bank Thai bank 1. United Overseas Bank South African bank 1. Woori Bank Sri Lankan bank 1. HSBC 2. Krung Thai Bank UAE banks 1. FirstRand Bank South Korean banks 1. UBS AG Taiwanese bank 1. Credit Suisse 2. Shinhan Bank 2. Abu Dhabi Commercial Bank 2.2. Mashreq Bank UK banks 1. Barclays Bank . Bank of Ceylon Swiss banks 1. Bank of America 3. J. DZ Bank . Toronto Dominion Bank French banks 1. Credit Industriel et Commercial 2. Royal Bank of Canada 2. Commerzbank 2. KBC Bank Canadian banks 1. Morgan Chase Bank Foreign banks with representative offices in India[edit] List of foreign banks with representative offices in India (as of 31 January 2015):[1] Austrian bank 1.P. Citibank 4. Standard Chartered Bank US banks 1. Raiffeisen Zentralbank Belgian bank 1.3. Natixis German banks 1. American Express 2. Banca Popolare di Milano 3. Vnesheconombank South Korean banks . Gazprombank 2. Intesa Sanpaolo 5. CIMB Nepalese bank 1. Everest Bank Norwegian bank 1. KfW 4. DNB ASA Portuguese bank 1. UBI Banca Malaysian bank 1. Caixa Geral de Depositos Russian banks 1. Banca Monte dei Paschi di Siena 2. Promsvyazbank 3. Landesbank Baden-Württemberg Italian banks 1.3. Banca Popolare di Vicenza 4. First Gulf Bank . Industrial Bank of Korea 2. Bank Asya UAE banks 1. Zurich Cantonal Bank Taiwanese banks 1. Mega International Commercial Bank Turkish bank 1.1. Hatton National Bank Swedish bank 1. Bank of Taiwan 2. Skandinaviska Enskilda Banken Swiss bank 1. Banco Bilbao Vizcaya Argentaria 3. Banco de Sabadell 2. Caixabank Sri Lankan bank 1. Emirates NBD 2. Kookmin Bank 3. Korea Exchange Bank Spanish Banks 1. Duncan Lawrie US banks 1. Wells Fargo Bank Singapore Banks 1. Bank of New York Mellon 2. Chaitanya Godavari Grameena Bank 4. Saptagiri Grameena Bank Assam 1. UK bank 1. Langpi Dehangi Rural Bank Arunachal Pradesh 1. Andhra Pradesh Grameena Vikas Bank 3. Development Bank of Singapore Regional Rural Banks (RRBs)[edit] List of Regional Rural Banks in India:[2] Andhra Pradesh 1. Assam Gramin Vikash Bank 2. Andhra Pragathi Grameena Bank 2. Uttar Bihar Gramin Bank . Arunachal Pradesh Rural Bank Bihar 1. Dena Gujarat Gramin Bank 2. Bihar Gramin Bank Chhattisgarh 1. Ellaquai Dehati Bank Karnataka 1. Saurashtra Gramin Bank Haryana 1. Jharkhand Gramin Bank 2. Kaveri Grameena Bank 2. Sarva Haryana Gramin Bank Himachal Pradesh 1. Himachal Pradesh Gramin Bank Jharkhand 1. Baroda Gujarat Gramin Bank 3.2. Jammu And Kashmir Grameen Bank 2. Karnataka Vikas Grameena Bank . Madhya Bihar Gramin Bank 3. Chhattisgarh Rajya Gramin Bank Gujarat 1. Vananchal Gramin Bank Jammu & Kashmir 1. Nagaland Rural Bank Odisha 1.3. Madhyanchal Gramin Bank Maharashtra 1. Manipur Rural Bank Meghalaya 1. Central Madhya Pradesh Gramin Bank 3. Vidarbha Kokan Gramin Bank Manipur 1. Utkal Grameen Bank . Maharashtra Gramin Bank 2. Odisha Gramya Bank 2. Pragathi Krishna Gramin Bank Kerala 1. Narmada Jhabua Gramin Bank 2. Meghalaya Rural Bank Mizoram 1. Mizoram Rural Bank Nagaland 1. Kerala Gramin Bank Madhya Pradesh 1. Punjab 1. Marudhara Rajasthan Gramin Bank Tamil Nadu 1. Pallavan Grama Bank Telangana 1. Malwa Gramin Bank 3. Telangana Grameena Bank Tripur 1. Allahabad UP Gramin Bank 4. Baroda Rajasthan Kshetriya Gramin Bank 2. Sutlej Gramin Bank Puducherry 1. Pandyan Grama Bank 2. Puduvai Bharathiar Grama Bank Rajasthan 1. Baroda UP Gramin Bank . Sarva UP Gramin Bank 2. Prathama Bank 3. Tripura Gramin Bank Uttar Pradesh 1. Punjab Gramin Bank 2. Goa State Co-operative Bank . Gramin Bank Of Aryavrat 6. Andaman and Nicobar State Co-operative Bank 2. Uttarakhand Gramin Bank West Bengal 1.5. Arunachal Pradesh State Co-operative Apex Bank 4. Uttarbanga Kshetriya Gramin Bank Cooperative banks[edit] State Cooperative Banks (SCBs)[edit] List of State Cooperative Banks in india:[3] 1. Bihar State Co-operative Bank 6. Assam Co-operative Apex Bank 5. Purvanchal Bank Uttarakhand 1. Andhra Pradesh State Co-operative Bank 3. Paschim Banga Gramin Bank 3. Chandigarh State Co-operative Bank 7. Bangiya Gramin Vikash Bank 2. Kashi Gomti Samyukt Gramin Bank 7. Delhi State Co-operative Bank 9. Chhattisgarh Rajya Sahakari Bank Maryadit 8. Madhya Pradesh Rajya Sahakari Bank Maryadit 18. Gujarat State Co-operative Bank 11. Punjab State Co-operative Bank 26. Odisha State Co-Operative Bank 24. Himachal Pradesh State Co-operative Bank 13. Rajasthan State Co-operative Bank 27. The Tamil Nadu State Apex Co-operative Bank 29. Manipur State Co-operative Bank 20. Jharkhand State Co-operative Bank 15. Maharashtra State Co-operative Bank 19. Jammu and Kashmir State Co-operativ Bank 14. Nagaland State Co-operative Bank 23. Mizoram Co-operative Apex Bank 22. Sikkim State Co-operative Bank 28. Karnataka State Co-operative Apex Bank 16. Pondichery State Co-operative Bank 25. Kerala State Co-operative Bank 17. Tripura State Co-operative Bank . Telangana State Co-Operative Apex Bank Limited 30. Haryana State Co-operative Apex Bank 12.10. Meghalaya Co-operative Apex Bank 21. Uttar Pradesh Co-operative Bank 32.31. West Bengal State Co-operative Bank Urban Cooperative Banks (UCBs)[edit] List of Scheduled Urban Cooperative Banks in India:[4] 1. Bassein Catholic Co-operative Bank 15. Mehsana Urban Co-Op Bank 5. Sardar Bhiladwala Pardi Peoples Coop Bank 8. Rajdhani Nagar Sahkari Bank 10. Bharati Sahakari Bank . Kalupur Commercial Coop. Nutan Nagarik Sahakari Bank 6. Ahmedabad Mercantile Co-Op Bank 3. Bharat Co-operative Bank (Mumbai) 16. Indian Mercantile Co-operative Bank 13. Andhra Pradesh Mahesh Co-Op Urban Bank 12. Abhyudaya Co-operative Bank 14. Uttarakhand State Co-operative Bank 33. Rajkot Nagrik Sahakari Bank 7. Bank 4. Adhyapaka Urban Co-operative Bank 11. Apna Sahakari Co-Op Bank Ltd 2. Surat Peoples Coop Bank 9. Citizencredit Co-operative Bank 19. Bombay Mercantile Co-operative Bank 18. Mapusa Urban Co-operative Bank of Goa 33. Mahanagar Co-operative Bank 32. Greater Bombay Co-operative Bank 23. Kalyan Janata Sahakari Bank 30. Janata Sahakari Bank 27. Junagadh Commercial Co-operative Bank 28. Pravara Sahakari Bank .17. NKGSB Co-operative Bank 37. New India Co-operative Bank 36. Nagar Urban Co-operative Bank 34. Janakalyan Sahakari Bank 25. Karad Urban Co-operative Bank 31. Jalgaon Janata Sahakari Bank 24. Nasik Merchant's Co-operative Bank 35. Kallappanna Awade Ichalkaranji Janata Sahakari Bank 29. Janalaxmi Co-operative Bank 26. Gopinath Patil Parsik Janata Sahakari Bank 22. Dombivli Nagari Sahakari Bank Ltd 20. Goa Urban Co-operative Bank 21. P. Sangli Urban Co-operative Bank 41. The Kapole Co-operative Bank 46. Dakshin Barasat. Dakshin Barasat Service Co-Operative Society Private Limited. Thane Bharat Sahakari Bank 45. Punjab & Maharashtra Co-operative Bank 39. Akola Urban Co-operative Bank 52. Kolkata 57. Muneshwra swamy BANK 54. Rupee Co-operative Bank 40. Ltd. Shamrao Vithal Co-operative Bank 43. Rohit Kataria Co-operative Bank 56. Zoroastrian Co-operative Bank 48. Shikshak Sahakari Bank 50. . Lucknow. Saraswat Co-operative Bank 42.38.B. Khamgaon Urban Co-operative Bank 53. Solapur Janata Sahakari Bank 44. Chartered Mercantile M. TJSB Sahakari Bank 47. Sangli 58. Nagpur Nagrik Sahakari Bank 49. Akola Janata Commercial Co-operative Bank 51. U. Sangli District Primary Teachers Bank Ltd. Eenadu Urban Co operative Bank 55. the concerned State Government and Sponsor Banks (27 scheduled commercial banks and one State Cooperative Bank). The Bardoli Nagarik Sahakari Bank Ltd Regional Rural Banks Regional Rural Banks were established under the provisions of an Ordinance promulgated on the 26th September 1975 and the RRB Act. 64. Akhand Anand Co-Op Bank 61. 15% and 35% respectively. the issued capital of a RRB is shared by the owners in the proportion of 50%. THE SUTEX CO-OP. RRBs are jointly owned by GoI. Prathama bank is the first Regional Rural Bank in India located in the city Moradabad in Uttar Pradesh. Lic of india staff co operative bank. Type of Major Shareholders Major Players Commercial Banks .O Pattom Thiruvananthapuram[5] 60. BANK LTD. Varchha Co-op Bank 62. The Surat District Co-Op Bank Ltd 63. The area of operation of RRBs is limited to the area as notified by GoI covering one or more districts in the State. 1976 with an objective to ensure sufficient institutional credit for agriculture and other rural sectors. H. 59. Public Sector Government of India SBI. Co-operative banks function on the basis of “no-profit no-loss”. Canara Bank. Deutsche Bank. Cooperative banks are the primary financiers of agricultural activities. 50 : 15 : 35 Cooperative Banks A co-operative bank is a financial entity which belongs to its members. Foreign Banks Foreign Entity Standard Chartered Bank. Sponsor Bank in the ratio of Prathama Bank. They provide limited banking products and are specialists in agriculture-related products. banking accounts. who are at the same time the owners and the customers of their bank. Axis Banks Bank. deposits. PNB. BNP Paribas. etc Private Sector Private Individuals ICICI Bank. Co-operative banks are often created by persons belonging to the same local or professional community or sharing a common interest. Uttranchal Gramin Bank. Yes Bank etc. Co-operative banks generally provide their members with a wide range of banking and financial services (loans. etc. HSBC. Kotak Mahindra Bank. Bank of India. Andhra Pradesh Grameena Vikas Banks Concerned State Govt and Bank. some small-scale industries and self-employed workers. Anyonya Co-operative Bank Limited (ACBL) is the first co-operative bank in India located in the city of Vadodara in Gujarat. etc). The co-operative banking structure in India is divided into following main 5 categories: • Primary Urban Co-op Banks • Primary Agricultural Credit Societies • District Central Co-op Banks . etc. Bank of Banks Baroda. HDFC Bank. Regional Rural Central Govt. Citi Bank. The other big revenue items generated by banks are the fees they charge. These banks work according to the cooperative principles of mutual assistance.Also. whether it is for an electronic transaction. or permitting a transfer through the Internet banking system.unlike commercial banks .• State Co-operative Banks • Land Development Banks Difference between Scheduled Commercial and Schedule Co-operative Banks The basic difference between scheduled commercial banks and scheduled cooperative banks is in their holding pattern. Scheduled cooperative banks are cooperative credit institutions that are registered under the Cooperative Societies Act. Bank charge for every service. . How Banks Function Banks make money by lending your money out at interest and by charging you for services provided. Banks keep on lending money.these banks work on the basis of “no-profit no-loss”. Currently. RBI uses both these instruments to regulate money supply in the economy. Higher the CRR. This is used to regulate the credit growth . This is used to control the liquidity in the economy.5%. the lower is the amount that banks will be able to use for lending activities and vice versa. The primary regulatory ratios are Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR). cash and/or other approved securities. CRR is the percentage of net total of deposits a bank is required to maintain in form of cash with RBI. Currently this ratio is at 5. Few important regulations are mentioned below: Regulatory Requirements A bank has to set aside a certain percentage of total funds to meet regulatory requirements. The banking industry in India is highly regulated. the SLR is 24%. SLR is the minimum percentage of deposits that the bank has to maintain in form of gold. The core operating income of a bank is interest income (comprises 75-85% in the total income of almost all Indian Banks). bonds issued and borrowings. a bank also generates fee-based income in the form of commissions and exchange. which is called the priority sector. On the cost sides. the major items for a bank are interest paid on different types of deposits. income from treasury operations and other income from other banking activities. As banks were assigned a special role in the economic development of the country. and provisioning cost for Non-performing Assets (NPAs). Current rules stipulate that domestic banks should lend 40% and the foreign banks should lend 32% of their net credit to the priority sector. . Besides interest income. RBI has stipulated that a portion of bank lending should be for the development of under-banked and under-privileged sections. etc. Working Capital Loans. ICICI Bank is the largest players in this segment in India. Retail banking segment is the highest margin business as compared to other business segments in the banking industry. trading and forex operations Other Banking Hire purchase activities. personal loans. Wholesale banking Loans to mid and large corporate (Project Finance. Terms Loans. . debit cards. mortgages.Types of Businesses of Banks The banking business can be broadly categorized into Retail Banking. Wholesale or Corporate Banking. leasing business. etc. Services offered include savings and transactional accounts.) Treasury Operations Investment in bonds. HDFC Bank. Auto loan. corporations or other banks. Syndication services. Other major players in this segment are SBI. rather than to companies. Mutual Funds. Education loan and other personal loan) or small businesses. and credit cards. Lease Finance. merchant Activities banking. Currently. Treasury Operations and Other Banking Activities. derivatives. Business Segmentation Retail Banking Loans to individuals (Housing loan. Retail banking also known as Consumer Banking is the provision of services by a bank to individual consumers. etc. equity. commodities. PNB. international trade finance businesses. Wholesale finance refers to financial services conducted between financial services companies and institutions such as banks. institutional customer(such as pension funds and government entities/agencies). large corporate clients. fund managers. and stockbrokers. and services offered to other banks or other financial institutions. insurers. mid-sized companies. real estate developers and investors. Modern wholesale banks engage in: • Finance wholesaling • Underwriting • Market making • Consultancy • Mergers and acquisitions • Fund management .Typical products offered by a retail bank include: • Savings /Current accounts • Debit cards • ATM cards • Credit cards • Traveler’s cheques • Mortgages • Home equity loans • Personal loans • Certificates of deposit/Term deposits Wholesale banking is the provision of services by banks to organizations such as Mortgage Brokers. concentration. The . In larger firms. well after independence. Wholesale banking segment in India is largely dominated by large Indian banks – SBI. ICICI Banks. Most banks have whole departments devoted to treasury management and supporting their clients’ needs in this area Bank Treasuries may have the following departments: • A Fixed Income or Money Market desk that is devoted to buying and selling interest bearing securities • A Foreign exchange or “FX” desk that buys and sells currencies • A Capital Markets or Equities desk that deals in shares listed on the stock market.com ABSTRACT After 1991. financial derivatives and the associated financial risk management. etc. and more by the government than by the employers because of the need of rapid industrialization. currencies. with the ultimate goal of managing the firm’s liquidity and mitigating its operational. financial and reputational risk. Treasury management (or treasury operations) includes management of an enterprise’s holdings. disbursements. The need for some form of employee or worker involvement was felt in the mid-1950s and 1960s. investment and funding activities. it may also include trading in bonds. Treasury Management includes a firm’s collections. A STUDY ON LEVELS OF EMPLOYEE PARTICIPATION WITH THE HIERARCHY IN BANKING SECTOR : A COMPARATIVE STUDY OF SBI & HDFC BANK Anchal Pathak* anchal@smsvaranasi. the banking scenario has been changed completely. BoB. PNB. the impact of globalization and privatization has affected work culture of both public and private sector banks. involvement. autonomy.M Pestonjee. the banking scenario has been changed completely. An employee is better able to relate himself/herself with his or her work and this improves performance and efficiency at work. The above discussion clearly indicates that globalization has brought about not only a paradigm shift in the functions and operations of Indian commercial banks which took them apart .P Singh and D. opinion seeking. the banking industry in India has received high priority.square test and ANOVA were applied and it emerged from the study that with the increase in hierarchical level the participation increases in SBI where as no such relationship was found in HDFC bank. Chi. The liberalization process has compelled to bring about a considerable change in the services and activities of commercial banks which is due to increased competition faced by the domestic public sector and private sector banks from the foreign banks. Psychological Participation Index (PPI) was used which was developed by A. INTRODUCTION Among the various service sector activities. Decision making. This is due to the reason that the banking sector is considered to be the lifeline of any economic activity as the contribution of this industry to the economy's growth is direct. The history of Indian Banking shows a metamorphosis in the growth of banks. Keywords : Participative Management.To measure the participation level of employees. Psychological Participative Index (PPI). Further t-test. considerable and commendable. the impact of globalization and privatization has affected work culture of both public and private sector banks.greatest and widely accepted benefit of participation is the increased work ownership of employee. This paper study the levels of employees participation at different hierarchical level in both public (SBI) and private (HDFC) sector banks in east region of Uttar Pradesh. After 1991. Vol. as behavioral theories evolved. improved industrial relations. they are willing to take initiative and A Study on Levels of Employee Participation with the Hierarchy in Banking Sector : A Comparative. XI. It is a mechanism for maximizing flexibility and avoiding bureaucratic rigidity Drucker (1993). participation was thought and expected to achieve more elaborate organizational ends. from the traditional banking activities. when workers' help is sought in solving work problems it tends to increase their job satisfaction. REVIEW OF LITERATURE Survey of the literature on participation of employees builds on the idea of reasonable autonomy. Employee participation has been emphasized in relation to job satisfaction as well Cotton et al. It has its strong influence on job satisfaction. later. such as improvement in employee morale.. 1. The objective of participation for management was initially limited to attaining higher productivity through a more committed workforce. It is widely believed that employee's participation affect employee's productivity and they all can create competitive advantage for the organization. When workers are given opportunities to participate in decision making processes there are positive gains for organizational effectiveness and morale of employees'.. Participation makes employees more responsible... Thus employees' participation has a unique motivational power and a great psychological value. motivation and commitment and quality of work life or even what Abraham Maslow termed self-actualization. but also it has bearing on the psychology of the employees to adopt to the changing needs of the business and satisfying the expectations of the customers.. No. June 2015 59 contribute cost-saving suggestions and growth oriented ideas. (1988). Morse and Reimer . Monappaand Saiyadain(2005) view that almost all forms of participation can be considered as instruments for employee development. because. Ardekani and Jahromi (2011) have conducted a research on "Relationship between Participative Management and Personnel Productivity: A Survey in Gachsaran Gas and Oil Company". Hypotheses H01 There is no significant difference between the levels of participation of the employees belonging to public and private sector banks. Public agencies have also turned to strategic planning to enhance government performance and accountability. P. Kim. OBJECTIVES OF THE STUDY To assess and compare the levels of participation among the employees of public (SBI) and private sector (HDFC) banks. Vroom (1960) found that participation in decision-making has positive effect on attitude and motivation. (1956) have shown that greater participation leads to productivity. Suseela Rani (2012) published research paper on titled "Participative Management in Post Liberalization- A case study of Indian Jute industry" in thisthe researcher studied the importance and application of participative management in post liberalization in this industry. . Ruth Alas (2007) in his research paper on "Impact of Employee Participation on Job Satisfaction during Change Process" explored that Estonian companies have been in a continuing change process during past decades. Soonhee(2002) has published that. To highlight the difference in levels of participation and hierarchical level (scale) among the employees of public (SBI) and private sector (HDFC) banks. This survey explores the relationship between participative management and productivity of the employees in 2010 in Iran. Srinivas Subba Rao. Researchers and practitioners in both the public and private sectors agree that participative management improves employees' job satisfaction. Evangeline Caridas (2004) has written paper which attempts to illustrate the effectiveness and importance of participative management in a brokerage firm. mostly false and definitely false. MANAGEMENT INSIGHT Vol. Decision. The Psychological Participation index comprises of 15 items which are in the form of positively (true) and negatively (false) worded statements in both Hindi and English Languages. RESEARCH DESIGN The research designed to be descriptive as well as exploratory one. XI. SAMPLE SIZE The sample size considered for the study was 600 and the data was collected from the various branches of SBI (300) and HDFC (300) Bank in four cities Lucknow. total of 600 employees from Uttar Pradesh. The primary data used for the study was collected through standard questionnaire Psychological Participation Index (Singh &Pestonjee. This Index (PPI) has been developed by Singh and Pestonjee (1978). Autonomy. mostly true. 1978): The Psychological participation index was used to assess the level of employee's participation in managerial decisions. sometimes true. H02 There is no significant difference between the levels of participation of the employees belonging to different hierarchical level (scale) in public sector bank (SBI). Kanpur. the present research aimed at studying the levels of participation at different hierarchical level among the employees of HDFC and SBI. Opinion- Seeking. H03 There is no significant difference between the levels of participation of the employees belonging to different hierarchical level (scale) in private sector bank (HDFC). Each Statement has five response alternatives. June 2015 60 [ ISSN 0973-936X ] DATA COLLECTION The data collected for the purpose of the study was primary and secondary both. namely. definitely true. and Involvement. This is further . This index covers four areas of the psychological participation. Allahabad and Varanasi (Lucknow Region) i. 1. No.e. namely.Making. Table 2: Independent Sample t. significant p-value for public and private sector banks. ANALYSIS OF DATA Null Hypothesis H01: There is no significant difference between the levels of participation of the employees belonging to public and private sector banks.VALUE DECISION scores DEVIATION MADE Public Bank 300 45.test for Level of Participation of the Employees in Public and Private sector banks. descriptive statistics and independent sample t-test have been performed as given in Table 2 presents the mean. 300 white collared employees from private sector bank (HDFC). standard deviation.90). raven as in Table 1.68 7.90 7. It can be inferred from the Figure that mean sum of Psychological Participation Index (PPI) scores is much higher for Public sector bank (45.23131 Private Bank 300 34.VALUE t.68) as compared to Private sector bank (34.02623 .000 18. Table 1 Distribution of Employees based on Scale (Hierarchical Levels) in Banks. To test the our first null hypothesis H01 that there is no significant difference between the levels of participation of the employees belonging to public and private sector banks. UPTO ABOVE TOTAL SCALE 3 SCALE 3 PUBLIC BANK 200 100 300 (SBI) PRIVATE BANK 200 100 300 (HDFC) TOTAL 400 200 600 300 white collared employees from public sector bank (SBI). thus employees in Public sector bank are much more involved in decision making process as compared . Sum of all PPI N MEAN STANDARD p.518 REJECTED (Sig) Table 2 and Figure 1 contains mean participation scores for the employees belonging to Public and Private sector banks. Thus.e. The independent samples t-test was computed to test the significant difference between mean PPI A Study on Levels of Employee Participation with the Hierarchy in Banking Sector : A Comparative. 1. promotions. our first null hypothesis H01. chi-square. The main cause of lower levels of participation in private sector banks is due to poor communication. and less involvement of employees in decision.. proves to be significant.518 with pvalue (. improper structure of employees association. To test the null hypothesis H04 that there is no significant difference between the levels of participation of the employees belonging to different hierarchical levels (scale) in public sector bank. i.. June 2015 61 scores belonging to public and private banks and value of static was found to be 18.making process related to targets. Null Hypothesis H02: There is no significant difference between the levels of participation of the employees belonging to different hierarchical levels (scale) in public sector bank.. descriptive statistics.05 and thus. It shows that the differences among the groups were real and not due to chance. XI. the test of significance was conducted to evaluate the null hypothesis.. Further.000) which is less than 0. Table 3 presents the descriptive statistics. "There is no significant difference between the levels of participation of the employees belonging to public and private sector banks" is rejected and reveals that there is a significant difference between the levels of participation among the employees of public and private sector banks. Vol. and ANOVA have been performed as given in Tables 3 & 4. No. mean and standard deviation for employees .. to Private sector bank. and various financial and nonfinancial policies in private banks. Figure 1: Mean Scores for Levels of Participation of the Employees in Public and Private Sector Banks. Itisdiscerniblefrom Figure2 that mean participation scores of employees in terms of mean for public sector bank was higher in employees belonged to Above Scale 3 in comparison to employees belonged to group of Upto Scale 3.82 7. Mean scores for participation level and standard deviation were computed for the employees belonging to different hierarchical level in public sector bank.82 & 7. Mean participation score and standard deviation of employees up to scale 3 was found to be 43. 1. for above scale 3 mean score and standard deviation was found to be 49. Table 3: Mean Participation Score & Standard Deviation of Employees belonging to different Hierarchical Level (Scale) in Public Sector Bank. having different hierarchical levels. No.28 4.231 Figure 2: Mean Participation Scores of Employees belonging to different Hierarchical Level (Scale) in Public Sector Bank.000(sig.942. Further. June 2015 62 [ ISSN 0973-936X ] Table 4: Chi-square & ANOVA for Hierarchical Level (Scale) and Level of Participation in Public Sector Bank. Scale of N MEAN STANDARD Employees DEVIATION Upto Scale 3 200 43.68 7.) Rejected .28 & 4.942 TOTAL 300 45.527 whereas. Test Value p-value made of the Decision Static Chi-square 22.868 . XI. The values of Chi-square test and ANOVA have been given in Table 4.527 Above Scale 3 100 49. MANAGEMENT INSIGHT Vol. to test dependency of participation level on hierarchical level chi-square test was computed and ANOVA was applied to test the significant difference between the scale (hierarchical level) and impact of participation level. To test the null hypothesis H05 that there is no significant difference between the levels of participation of the employees belonging to different hierarchical levels (scale) in private sector bank. and ANOVA have been performed as given in Tables 5&6.. mean and standard deviation for employees having different hierarchical levels. Further.868 and p-value was found to be (. .05 and was found to be significant. there is an impact of increase in hierarchical level of employees on participation level in public sector bank. "There is no significant difference between the levels of participation of the employees belonging to different hierarchical levels (scale) in public sector bank" is rejected and reveals that there is a significant difference between levels of participation and employees belonging to different hierarchical level in public sector bank. The results revealed that there is a significant difference between the levels of participation and the hierarchical level of the employees in public sector bank i. ANOVA was applied and the F value calculated was found to be 43.e. descriptive statistics. i. Null Hypothesis H03: There is no significant difference between the levels of participation of the employees belonging to different hierarchical levels (scale) in private sector bank. ANOVA 43. Thus it can be inferred from the result there is a significant difference between the hierarchical level (scale) and levels of participation in public sector bank or in other words it can be said employees with higher position in the hierarchy are more involved in decision making process as compared to employees with lower position in the hierarchy.904 and was found also significant thus the null hypothesis formulated was rejected.904 In chi-square the value of static computed was found to be 22.000) which is less than 0.e. Table 5 presents the descriptive statistics. Thus. chi-square. our fourth null hypothesis H04. .098(not sig..square & ANOVA for Hierarchical Level (Scale) and Level of Participation in Private Sector Bank.821. Chi-square test was applied to find out whether participation level of employees is dependent on hierarchical level (scale) in private A Study on Levels of Employee Participation with the Hierarchy in Banking Sector : A Comparative. ANOVA test was applied in order to find out that the difference between the participation level and impact of hierarchical level is significant or insignificant. Scale of N MEAN STANDARD Employees DEVIATION Upto Scale 3 200 34. Table 5: Mean Participation Score & Standard Deviation of Employees belonging to different Hierarchical Level (Scale) in Private Sector Bank.821 TOTAL 300 34.791 . XI. According to Figure 3. Mean participation score and standard deviation of employees up to scale 3 was found to be 34.. Mean scores for participation level and standard deviation was computed for the employees belonging to different hierarchical level in private sector bank. No.42 & 6.750 .026 Figure 3: Mean Participation Score of Employees belonging to different Hierarchical Level (Scale) in Private Sector Bank.181(not sig.42 6.84 7. there was a very little difference in the mean participation score for the employees belonging to different hierarchical groups.555 Above Scale 3 100 35. The values of Chi-square test and ANOVA have been given in Table 6.) . Test Value of p-value Decision made Chi-square 1.90 7. June 2015 63 sector bank. for above scale 3 it was found to be 35..555 whereas. Table 6: Chi. Vol.) Not- Rejected ANOVA 2. 1.84 & 7. Further.68 for public sector bank and 34. thus it can be inferred that there is no significant difference between the levels of participation and the employees belonging to different hierarchical level (scale) in private sector bank.750 and p-value was found to be 0. 45. which was also found to be very low i.e. the null hypothesis formulated was not rejected i. CONCLUSIONS The study reveals that there is a significant difference between the level of participation of the employees belonging to public & private sector bank on the basis of their mean scores obtained i.98 which is also more than 0.e..e.e.791 and the pvalue was (0. hence there is no significant difference between the levels of participation of the employees belonging to different hierarchical levels in private sector bank this may be due hierarchical structure in private sector bank (HDFC) is not well defined.05 which is not significant. It can also be interpreted from the results obtained that level of participation is much higher for the employees in public sector bank as compared to private sector bank thus employees in Public sector bank are much more involved in decision making process as compared to Private sector bank and the main reasons for lower levels of participation in private sector banks is due . there is no significant difference between the hierarchical level of the employees and levels of participation in private sector bank.05 and not significant.90 for private sector bank. "There is no significant difference between the levels of participation of the employees belonging to different hierarchical levels (scale) in private sector bank" is not rejected.181) which is more than 0.e. Thus our fifth null hypothesis H05 i. In chi-square test computed value of static was found to be very less i. 2. 1. the value of F was also calculated to analyze the significant difference between different hierarchical level (scale) and levels of participation. Hence. Participation MANAGEMENT INSIGHT Vol. Allam. (2002). to poor communication. It has been also found from the study that no relationship exists between the level of participation and hierarchical level among the employees of private sector bank.A. and Ansari. K. (2002). (1972). No. Personality Characteristics and Job Burnout.e. making us to conclude that employees with higher position in hierarchy are more involved in decision making in public sector bank. Z. S. Alexander. 1. XI.C. improper structure of employees association. and less involvement of employees in decisionmaking process related to targets. working hours. Journal of Community Guidance and Research. Aligarh Muslim University. and various financial and non-financial policies in private banks. New Delhi. The insignificant value for chi-square and ANOVA also show that there is no significant difference between the levels of participation and the employees belonging to different hierarchical level (scale) in private sector bank. A. A Study of Relationship of . A Study of Job Involvement among Bank Employees as Related to Job Anxiety. participation levels of employees in public sector bank is affected by different hierarchical level in public sector bank thus. Department of Psychology. It has been also found from the study that there is a significant difference between the participation levels of the employees belonging to different hierarchical level (scale) in public sector bank i. Aligarh.Effect of Income and Job Tenure on Job Involvement. June 2015 64 [ ISSN 0973-936X ] Management: The Indian Experience. Unpublished doctoral thesis. (2007). Shri Ram Centre.17(3). A Study of Craftsman. pp-271-275. Allam. REFERENCES Ahmad. Z. Allen. 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