From RBI circulars to JAIIB/CAIIB prep, from financial calculators to live banking news â everything a banker needs, in one place.
3rd Bi-Monthly Policy FY27 • Effective 5 Aug 2026
đ
MPC met 3–5 Aug 2026 • Stance: Neutral •
Next meeting: 5–7 Oct 2026 | 2–4 Dec 2026 | 3–5 Feb 2027
Banking is the business of accepting deposits from the public for the purpose of lending or investment. As per the Banking Regulation Act, 1949 (Section 5(b)), "banking" means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise.
The Indian banking system is regulated by the Reserve Bank of India (RBI), established on April 1, 1935, under the RBI Act, 1934. Indian banks serve as financial intermediaries, channeling savings into productive investments and providing a payments system for the economy.
Current, Savings, Fixed & Recurring Deposits from individuals, corporates & institutions
Personal, Home, Business & Agricultural loans at competitive interest rates
NEFT, RTGS, IMPS, UPI, SWIFT & other digital payment infrastructure
The Indian banking system comprises various types of institutions, each serving distinct roles
Government-owned banks. E.g., SBI, PNB, Bank of Baroda, Canara Bank
12 BanksMajority shareholding by private entities. E.g., HDFC Bank, ICICI Bank, Axis Bank
21 BanksIncorporated outside India with branches here. E.g., Citibank, Standard Chartered, HSBC
46 BanksServe rural areas. Sponsored by commercial banks. E.g., AP Grameena Vikas Bank
43 RRBsServe unbanked segments. E.g., AU Small Finance Bank, Ujjivan, Equitas, ESAF
12 BanksLimited banking services. Cannot issue credit. E.g., Airtel, IPPB, Fino Payments Bank
6 Banks