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State Bank of India was originally called the Imperial Bank of India and was established in the year 1806 when the British ruled India. Later when India got its independence, the government of India, took over control and was nationalized and renamed to State Bank of India.

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13y ago
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10y ago

allahabad bank

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Q: First joint stock bank in India?
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When was the first commercial bank established in India?

The western variety of joint stock banking was brought to India by the English Agency houses of Calcutta and Bombay. The first bank of a joint stock variety was Bank of Bombay, established in 1720 in Bombay. It collapsed subsequently. However, there is no information available on this bank and probably the bank closed in 1770.


Famous examples for joint stock companies in INDIA?

hdfc bank ,reliance gas ADNG


How reliable is Allahabad Bank?

Allahabad Bank- bank deposits,international banking,education loans,housing loans. The public sector bank in india provides a lot of facilities. Allahabad Bank is therefore now the oldest joint stock bank in India.


When was Orient Commercial Joint Stock Bank created?

Orient Commercial Joint Stock Bank was created on 1996-06-10.


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.


Which was the first bank of India?

The Reserve Bank of India


First bank of India?

bank of India in 1906


Which bank issued first ATM card in India?

The Bank of India was issued the first ATM-Card in India.


Which bank is main promoter of national stock exchange in India?

IDBI


Which was the first bank to introduce ATM in India?

The state Bank Of India was the first bank to introduce a A.T.M.


What are the four major financial regulators of India?

Securities and Exchange Board of IndiaNational Stock ExchangeBombay Stock Exchange (BSE)Reserve Bank of India


Public sector banks listed in stock exchange?

All public sector banks in India are listed in the stock exchanges in India. There are many nationalized banks in India. Their names are as follows: 1. State Bank of India & its subsidiaries 2. Allahabad Bank 3. Bank of Baroda 4. Bank of India 5. Bank of Maharashtra 6. Canara Bank 7. Central Bank of India 8. Corporation Bank 9. Dena Bank 10. Indian Bank 11. Indian Overseas Bank 12. Oriental Bank of Commerce 13. Punjab & Sind Bank 14. Punjab National Bank 15. Syndicate Bank 16. UCO Bank 17. Union Bank of India 18. United Bank of India 19. Vijaya Bank