History of banking in India?
There were many indigenous bankers even during ancient times like the Shroffs, Mahajans, etc. The first bank was The Bank of Hindus than started in 1770 at Calcutta. In 1786, The General Bank of India was started. Three Presidency banks were also started as quasi central banks. The Bank of Calcutta was established in 1806. The Allahabad Bank which exists even today was started in 1865. It is also one of the earliest Joint Stock Bank of India. The first commercial bank in India was the Central Bank of India in 1911.
The Export-Import (EXIM) Bank of India is the principal financial institution in India for coordinating the working of institutions engaged in financing export and import trad…e. It is a statutory corporation wholly owned by the Government of India. It was established on January 1, 1982 for the purpose of financing, facilitating and promoting foreign trade of India. Capital: The authorised capital of the EXIM Bank is Rs. 200 crore and paid up capital is Rs. 100 crore, wholly subscribed by the Central Government. The bank can raise additional resources through: (i) Loans/grants from Central Government and Reserve Bank of India ; (ii) Lines of credit from institutions abroad ; (iii) Funds raised from Euro Currency markets ; (iv) Bonds issued in India. What are the functions of Export-Import Bank of India: The main functions of the EXIM Bank are as follows: (i) Financing of exports and imports of goods and services, not only of India but also of the third world countries; (ii) Financing of exports and imports of machinery and equipment on lease basis; (iii) Financing of joint ventures in foreign countries; (iv) Providing loans to Indian parties to enable them to contribute to the share capital of joint ventures in foreign countries; (v) to undertake limited merchant banking functions such as underwriting of stocks, shares, bonds or debentures of Indian companies engaged in export or import; and (vi) To provide technical, administrative and financial assistance to parties in connection with export and import.
i ts establish in 1981
Yes it is a scheduled commercial bank in india
E-banking in India dates back to the 1980s and was established toallow people to access a banking system using a telephone line. Itstarted with basic services and grew from th…ere. It's estimatedthat over 21 million people in India now use e-banking services.
SBI is Nationalised PSU Bank only.
SBI is the largest bank in India and is also the largest public sector bank in India. It has more than 16,000 branches in India which is the largest banking branch network in …India (more than 26000 if we include associate banks) To see the list of state bank of India branches, follow the link in related links section.
No. Bank of India and Indian Bank are two totally different government owned banks in India. Bank of India is headquartered in Mumbai, Maharashtra and Mr. Alok Kumar Mishra …is the Chairman and MD of the bank. Indian Bank is headquartered in Chennai, TamilNadu and Mr. T. M. Bashin is the Chairman and MD of the bank.
Bank of India is the 4 th largest government bank in India. It has 3358 branches include 27 branches outside India. The only government or nationalized banks larger than Bank… of India are: State Bank of India, Punjab National Bank and Central Bank of India.
Associate Banks Like State Bank of Saurastra & State Bank of Indore have been merged with State Bank of India
No. Reserve Bank of India is the central bank of India. It is not a regular commercial bank. It supervises and regulates the working and operations of all commercial banks in …India. It has been in existence since the British Rule in India.
Reserve Bank of India is the Apex bank in India that governs and controls banking operations in India. In terms of large banks in India that provide Retail Banking facilities…, State Bank of India is the Apex Bank.
Shri Bhaskar sen
no HDFC bank is not nationalised bank of india
There are many banks in India, located throughout each major city. One of the major ones is the National bank of India. Each country has a national bank.
India was Britain and so was Bangladesh and Pakistan, then Indiawas a place made up of a bunch of dynasties (kinda like China), italso used to have Bangladesh and Pakistan at …one time. ThenPakistan became independent and took control of Bangladesh. ThenBangladesh became independent and so did India. Sorry but there'smore that i can't list, i don't know much about this, just watcheda video of what India looked like way back then.