- published: 09 Jun 2015
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Banking in India in the modern sense originated in the last decades of the 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829-32; and the General Bank of India, established in 1786 but failed in 1791.
The largest bank, and the oldest still in existence, is the State Bank of India (S.B.I). It originated as the Bank of Calcutta in June 1806. In 1809, it was renamed as the Bank of Bengal. This was one of the three banks funded by a presidency government, the other two were the Bank of Bombay and the Bank of Madras. The three banks were merged in 1921 to form the Imperial Bank of India, which upon India's independence, became the State Bank of India in 1955. For many years the presidency banks had acted as quasi-central banks, as did their successors, until the Reserve Bank of India was established in 1935, under the Reserve Bank of India Act, 1934.
In 1960, the State Banks of India was given control of eight state-associated banks under the State Bank of India (Subsidiary Banks) Act, 1959. These are now called its associate banks. In 1969 the Indian government nationalised 14 major private banks. In 1980, 6 more private banks were nationalised. These nationalised banks are the majority of lenders in the Indian economy. They dominate the banking sector because of their large size and widespread networks.
India, officially the Republic of India (Bhārat Gaṇarājya), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the south-west, and the Bay of Bengal on the south-east, it shares land borders with Pakistan to the west;China, Nepal, and Bhutan to the north-east; and Myanmar (Burma) and Bangladesh to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; in addition, India's Andaman and Nicobar Islands share a maritime border with Thailand and Indonesia.
Home to the ancient Indus Valley Civilisation and a region of historic trade routes and vast empires, the Indian subcontinent was identified with its commercial and cultural wealth for much of its long history. Four religions—Hinduism, Buddhism, Jainism, and Sikhism—originated here, whereas Zoroastrianism, Judaism, Christianity, and Islam arrived in the 1st millennium CE and also shaped the region's diverse culture. Gradually annexed by and brought under the administration of the British East India Company from the early 18th century and administered directly by the United Kingdom after the Indian Rebellion of 1857, India became an independent nation in 1947 after a struggle for independence that was marked by non-violent resistance led by Mahatma Gandhi.
Language: Hindi; Topics covered: 1. Indian and foreign banks in pre-independent India 2. factors affecting location of banking industry 3. Why was there no financial inclusion in British India, despite existence of Indian-banks? 4. Why was RBI setup? 5. Bank nationalization in Post independent India: Why, How, When? 6. Problems created by Bank nationalization. How did it contribute to BoP crisis? Powerpoint available at http://Mrunal.org/download Venue: Sardar Patel Institute of Public Administration (SPIPA), Ahmedabad
A brief Presentation on History of Banking in India from ancient times till modern times.
Chanda Kochhar, MD &CEO, ICICI Bank in conversation with Latha Venkatesh, CNBC-TV18 on Indianomics. In this part, Ms. Kochhar talks about Challenges & chances in Banking Sector, Rate Cuts and its effects, and the competition from the payment banks
How hard is banking in rural India? Radha, age 75, travels for miles and struggles every month just to receive her widow's pension. Video/Photo: Paolo Bosonin/The Wall Street Journal Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy Visit the WSJ channel for more video: https://www.youtube.com/wsjdigitalnetwork More from the Wall Street Journal: Visit WSJ.com: http://online.wsj.com/home-page Follow WSJ on Facebook: http://www.facebook.com/wsjlive Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJLive Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/ Follow WSJ on Tumblr: http://www.tumblr.com/tagged/wall-street-journal
In this video you will learn about history of banking in India before Independence to till date. You will learn about 1st bank in India , origin of SBI , Origin of RBI , Nationalisation of Banks , About Indian banking sector. Like and Subcribe to the channel for more videos. To subcribe click here https://www.youtube.com/channel/UCHKew6WoBsuqpw5qVosWnLQ Facebook page click here https://www.facebook.com/bankingmadeasy/?ref=aymt_homepage_panel
The National Minorities Commission has asked the government to allow Islamic banking in India which is interest free, but critics say it goes against India's secular fabric. Will it really open up a Pandora's box? Watch full show: http://www.ndtv.com/video/player/left-right-centre/islamic-banking-in-india-will-it-open-a-pandoras-box/235327
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The Nand & Jeet Khemka Distinguished lecture series , November 8 2007. The Wharton School
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Market Report on India present the latest report on “Banking Markets in India”, The research work also provides detailed market structure based on size, profitability, deposits and loans of leading banks in the country.
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Mr. Sharad Mohan - Managing Director & Head - Retail Banking, Citibank N.A - Award Winner - at Dun & Bradstreet's Top Banks & Banking Awards 2016.
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SBI Saral is State Bank’s Corporate Internet Banking facility. In this video we will show you how to transfer funds within SBI using your Saral Account. For more information, visit: https://corp.onlinesbi.com/corporate/sbi/sbi_home.html
1. What’re financial intermediaries? 2. What’re the difference between commercial and cooperative banks? 3. Regional rural banks- origin, ownership, problems and amendment 4. Cooperative banks: origin, classification, problems. 5. AIFI (All India Financial institutions): EXIM, NABARD, SIDBI and NHB. origin, ownership, functions, past MCQs from UPSC 6. Primary dealers: meaning, functions 7. Non-Banking financial companies (NBFC): How are they different from Banking institutions, internal classification of NBFCs. 8. Microfinance companies 9. Leftover topics and the-end of Banking sector “static” portion. Powerpoint available at http://Mrunal.org/download Venue: Sardar Patel Institute of Public Administration (SPIPA), Ahmedabad
Hear out Finance Minister, Arun Jaitley address the week-long 'Make in India' event . Touted as the largest business expo hosted by the country the event will highlight India as the preferred investment destination. Watch the video to know more. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► http://goo.gl/5XreUq Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj -~-~~-~~~-~~-~- Must Watch: "PM Narendra Modi Backs Vijay Mallya Says Rahul Gandhi" → htt...
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