STUDY ABOUT FINANCIAL AND BANKING SECTOR REFORM IN INDIA

• First Bank to introduce ATM in India: HSBC in1987, Mumbai
• Bank of Baroda has the maximum number of overseas branches
• SBI holds the second position with maximum number of overseas branches
• Premium credit cards exclusively for women launched recently by – HDFC bank

        

• Private Sector Bank that recently launched a product of Personal loan called “SWIFT” – HDFC
• The bank which approved loan of $500mn to help India improve Rail services – Asian Development Bank
• FDI limit for new banks – 49%
• FDI limit for private banks: 74%