Banking - in india tradecareer.

 BANKING 

 Banking:- Currency system came in existence in 

 1770 – Established Bank of Hindustan which was first Bank of India 

 1881 – Awadh commercial Bank- First Bank which was run by Indians 

 1894 – Punjab National Bank which was first Indian Bank 

                                                                


 History of SBI:- 

1. Bank of Bengal – 1806

2. Bank of Bombay – 1840

3. Bank of Madras – 1843

 1921 – These three presidential Banks were merged and established 

Imperial Bank of India 

 1955 – It was Partially Nationalized 

 It was given new Name – State Bank of India 

 1959 –Princely Banks were made its subsidiary Banks 

 8 Princely Banks 

- 1961 – Bikaner and Jaipur State Banks were merged 

- 2010 – State Bank of Indore was merged in SBI 

- 2008 – SBI was purchased from RBI By Government of India 

 IDBI – 1996

 SBI – 2008

 RBI NABARD – 2010

 NHB – National Housing Bank 

 DICGC 

 According to Regulatory Act 1981, In IDBI 1% of shares

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