Practical Banking in India

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Banking in India has had a thorough shake-up in the year 1950 after independence and there after particularly with the conversion of Imperial Bank of India (A British Government Bank) into the State Bank of India and nationalization of 14 major commercial banks in July 1969 and 6 banks in 1980. The old concepts, attitudes and methods in banking have yield place to the new techniques of viability, need-based concept of eradication of poverty and generation of employment etc in finance and marketing. Banks, as Social organization have to go out to the people and assist the weaker and needy sections of society in achieving their aspirations. Thus, Banking in India now has turned into “banking for classes to banking for masses”. The present book “Practical Banking in India” consists of three parts. Part-1 Deals with financial management, Part-2 Relates to practice and law of Banking and Part-3 Covers the recent developments and growth of commercial banking in India. The book is of immense use for students of commerce and finance, bankers at all levels, traders, businessmen, NRIs, importers exporters, industrialists etc. I have tried to give maximum to my readers but it is not enough as the area of banking-knowledge is very vast and spreads with continuous changes worldover.

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Prof. H.R. Gupta was born on 12th October, 1945 at Patti Mandi, Dist. Amritsar now Taran Taran (United Punjab). He is M.Com C.A. II.B and an associate (Life) Member of Indian Institute of Banking and Finance, Mumbai. He is a Retired Manager of Punjab National Bank (A Leading Nationalised Bank in India). He opted VRS on 23rd December 2000 from bank's service. Prior to bank's service Prof. Gupta served the Gangasagar Sugar Mills Ltd., Sriganga Nagar Corporation (Rajasthan), Food Corporation of India and and Education Deptt of State of Punjab as Lecturer in schools/colleges. Prof. Gupta is also associated with All India Radio, Bikaner. His programmes are being broadcasted by AIR Bikaner on matters relating to society, banking and finance etc from time to time. He is also associated with social organisations of repute like Bharat Vikas Parishad, Nagar unit, Bihaner and varishath Nagarik Samiti, Bikaner and doing social-work for the up upliftment of society. Prof. Gupta possesses the quality of head and heart. He has good habits and hobbies like morning walk, yoga, reading newspapers and articles etc and pray to God. He has good physique and charming personality. We wish Prof. Gupt a Good Health and bright future career. May bless him a peaceful and healthy long life.