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Day 7- History of Banking In India: Banking awareness
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For Daily Current Affairs from the Hindu and other sources..one stop solution..Visit my Unacademy Profile or Go to this link https://unacademy.com/lesson/1st-jan-2019-part-1-daily-current-affairs-the-hindu-analysis/QCU2ITQF

Banking Chronicle Guild
Banking Chronicle - "I Can And I Will" With Ankush Lamba, Kapil Kathpal & Niharika John Mehra

U
Unacademy user
Tnk u sir for ur great effort
Thank you Sir & get well soon
thank you so much sir
lecture is enough to crack mains......BUT NOT FOR INTERVIEW
Kapil Kathpal
a year ago
More than enough for the interviews as well...if you are going to watch all the videos which are going to be uploaded in future as well...right now its just a start :)
established date of bank is necessary to remmember.
  1. Daily Classes anking & Financial Awareness Banking Exams Kapil Kathpal


  2. * Credit & Risk Analyst (S.O. Post) in a Public Sector Bank. * 7 years Banking experience. Selected as SBI PO and also cracked IBPS PO * Appeared in UPSC Civil Services Mains (2017) Academics: Chartered Financial Analyst (C.F.A.) Masters in Commerce (Accounting & Business Statistics). Diploma in Treasury, Investment & Risk Management. JAIIB & CAIIB Follow me on Unacademy: https://unacademy.com/user/Zinni "RATE REVIEW & RECOMMEND" VERIFIED


  3. Daily Classes anking & Financial Awareness History of Banking in India Kapil Kathpal


  4. Historical Angle General Public used to go to Seths, Sahukars or Mahajans, also known as Indigenous Bankers. Why Need of Banks: . Get rid of exploitation of public by charging heavy rate of interest. Trust factor Safety of Money Kapi Kathpal


  5. Historical Facts Bank of Hindustan (1770)- Shutdown in 1830-32 Bank of Bengal (1806) Bank of Bombay (1840) Bank of Madras (1843) apil Kathpal


  6. . The first 'Presidency bank' the Bank of Bengal was established in Calcutta on June 2, 1806 with a capital of Rs.50 lakh to cater to the requirement for modern banking services, uniform currency to finance foreign trade and remittances by British army personnel and civil servants. r Toie Bank of Bambay was the second Presidency bank set up in 1840 followed by the Bank of Madras in July 1843. .As these banks were set up in the three Presidencies that were the units of administrative jurisdiction in the country for the East India Company, they were known as Presidency banks and were governed by Royal Charters. Three presidency banks were amalgamated into the Imperial Bank of India in 1921 .The Imperial Bank of India eventually became the State Bank of India


  7. .The Swadeshi Movement of 1906 provided a great thrust to set up joint stock banks of Indian ownership. The Allahabad Bank, established in 1865 and still functioning today, is the oldest Joint Stock bank in India The first entirely Indian joint stock bank was the Oudh Commercial Bank, established in 1881 in Faizabad. It failed in 1958. The next was the Punjab National Bank, established in Lahore in 1894. Between 1906 and 1913, many Indian owned banks such as Bank of India, Central Bank of India, Bank of Baroda, Canara Bank, Indian Bank, and Bank of Mysore were set up apil Kathpal


  8. Between 1928 to 1934, the period of Great Depression, a large number of small banks failed due to their loans going bad. lo checK the bank failures and to cater to the requirements of agriculture, the Reserve Bank of India Act, 1934 was enacted and the Reserve Bank of India was set up in 1935. apil Kathpal


  9. .Between 1947 and 1969, banks were under private ownership of the maharajas, or kings, of the princely states of India. These banks used to serve rich families and industrial houses and this narrowed the growth of banking system. .To overcome these limitations, the government, in consultation with the RBl, enacted the Banking Companies Act in 1949 (later renamed as the Banking Regulation Act) The Banking Companies Act of 1949, the first regulatory step by the Government of independent India, gave extensive powers to the Reserve Bank for banking supervision as the central banking authority of the country Kapi Kathpal


  10. Why Nationalisation of Banks was needed & How it was Done? apil Kathpal


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