India’s first underground museum will be opened in ??
History of Banks.....
Phase 1- <1969
Phase 2- 1969< >1991
Phase 3- >1991
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Phase -1
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Initially there were no banking system in India .. earlier before 1700 it was like....
"tum mujhe sabji do ...main tumhe chawal dunga" ....
First Bank in India came in ---1770 its name was 'Bank of Hindustan'.. For some reason it didn't last long.. just after that in 1786 another bank came 'General Bank of India'. These banks were not started by Indians.
At that time East India company was rulling us.... they opened some banks
for their use in their presidencies..... first in Bengal(1809) then after in Bombay(1840) and in Madras(1843).. You can say .. Bank of Bengal, Bank of Bombay and Bank of Madras... that's why they called it Presidency Banks..
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Till now there were no banks started by any indian... Now comes Alahabad Bank in 1865 . It was first Indian bank. Next bank which started was PNB(1894).. its headquarter was in Lahore(now in pakistan)
Now in between 1906 to 1913 many banks came... Bank of India, Central Bank of India, Bank of Baroda, Canera Bank, and Bank of Mysore.
Then in 1913, our government passed an act, Indian companies Act which was amended latter in 1936.
Usamay Aisa tha ki ap aiye apply kijiye aur apka bank khul gaya ..there were like 1000 banks.. soon after in 1913-17 because of bank crisis... almost half of banks were shut down...
Government ne socha aise ... kaise chalega 1 din me sab khatam ....kisi ko banana parega jo sara bank control kare....
Meanwhile in 1920 ... they merged all presidency banks started a new bank.. Imperial Bank of India.
Government passed RBI ACT in 1934 and in 1st april 1935 RBI started working... at that time its headquarter was calcutta but latter in 1937 it was shifted to bombay. and RBI started because of Hilton Young commission recommended it.
In 1949 another act was passed, Banking Companies Act,1949 and its name changed to Banking regulation act,1949 in 1st march 1966.
-------------------------------End of phase 1----------------------------
History of Banking system:
Phase 2-- 1969 to 1991
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In 1955 Imperial bank of india nationalised after SBI ACT 1955, so its name changed to SBI too. At that time it was complete under control of government.
later in 1959 SBI ACT(for subsidery banks) was passed.
In 1963 then Banking Laws Act was passed to better control banks.
19th July 1969 -- they decided to nationalise 14 banks..
1. Central Bank of India
2. Bank of Maharashtra
3. Dena Bank
4. Punjab National Bank
5. Syndicate Bank
6. Canara Bank
7. Indian Bank
8. Indian Overseas Bank
9. Bank of Baroda
10. Union Bank
11. Allahabad Bank
12. United Bank of India
13. UCO Bank
14. Bank of India
I think Indra gandhi was PM at that time correct me if I am wrong.
So what government did actually they saw all banks whose capital were above 50 crore as reserve (means available at any time) and selected these banks for nationalisation.
In 1976... RRB Act,1976 was passed, on the recommendation of Narsimham working group.
In 15 april 1980 --> again 6 banks were nationalised (Rs 200 crore)
1. Andhra Bank
2. Corporation Bank
3. New Bank of India(merged with PNB in 1993)
4. Oriental bank of Commerce
5. Punjab and Sindh Bank
6. Vijaya Bank
---------------------End of Phase 2------------------------------------
India has inked a $1.1-bn deal for procuring four long-range maritime surveillance and anti-submarine warfare aircraft,
Poseidon-8I, from
- russia
- israel
- us
- uk
- japan
0 voters
MUDRA bank classifies its customers in 3-categories.
Shishu – can avail loans upto Rs.50,000
Kishore – upto Rs.5,00,000
Tarun – upto Rs.10,00,000
In RRB, Share holding pattern :
Central Government-50%,
State Government- 15% and
Sponsor Banks- 35%
#Imp.
Three hydro-electric projects with combined generation capacity of 1,732 MW were dedicated to the nation by Prime Minister Narendra Modi, marking a major step towards meeting the power requirements of the northern states.
The 800-MW power station of NTPC-Koldam, 520-MW Parbati project of NHPC and 412-MW Rampur hydro station of SJVNL were dedicated to the nation at a public event at HP.
As per recent RBI guidelines the minimum capital requirement to set up a bank in private sector is..
- 100 crore
- 300 crore
- 400 crore
- 500 crore
- 200 crore
0 voters
Andhra Pradesh, Telangana grab top spots in business reforms ranking: http://www.thehindubusinessline.com/news/national/andhra-pradesh-telangana-grab-top-spots-in-business-reforms-ranking-for-2016/article9288099.ece
1. To setup happiness department- #Madhya_Pradesh
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2. To have a state data center (SDC)- #Himachal_Pradesh
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3. To have an open govt data portal- #Sikkim
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4. To approve sewage & waste management
policy-#Rajasthan
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5. To give pension & food benefits to transgenders-#Odisha
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6. To pass land little bill- #Rajasthan
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7. To launched statewide broadband project-#Aandhra_Pradesh
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8. To launched DNA profiling of criminals- #Aandhra_Pradesh
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9. To draft Law for internal security- #Maharshtra
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10. To introduced minimum wages for part time workers- #Rajasthan
11. To obtained a telecom license & can issue phone no. starting from 797 series-#Aandhra_Pradesh
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12. To distribute 2 crore LED bulbs under Ujala Scheme- #Gujarat
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13. To sign MOU with AAI & GOI to develop airports under RCS- #Maharshtra
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14. To ratify GST Bill 2014-#Assam
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15. To Launch water metro project-#kerela
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16. To Imposed Food tax on Junk Food-#Kerala
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17. To ban e-cigarettes-#Punjab
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18. To start Rota-virus vaccination Project-#HImachal_Pradesh
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19. To be created on Linguistic basis-#Telangana
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20. To issue exclusive budget on agriculture-#Karnataka
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21. To pass food security Act-#Chattisgarh
22. To Sign MOU with GOI for UDAY Scheme-#Jharkhand
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23. To pass law against social boycott-#Maharshtra
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24. To accept electronic motor insurance policy-#Telangana
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25. To introduced e-court fee system- #Delhi
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26. To issue soil health card- #Punjab
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27. To achieve 100% primary education- #Kerala
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28. To start e-auctions of mines- #Rajasthan
Brand ambassador of incredible India ?
- Shahrukh Khan
- Aamir khan
- Akshay kumar
- Shri Narinder modi
- Amitabh Bachan
0 voters
(july)
Which bank has signed agreements with the World Bank for a $625 million credit facility to support grid connected rooftop solar programme in India.
[answer in comment]
The Reserve Bank of India on has signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with ___________
The State Bank of India has recently launched a social media banking platform for Facebook and Twitter users....................
Trick To remember Fine imposed by RBI on banks....
HDFC Bank--- 2 words -- so answer is 2 crore
Punjab National Bank-- 3 words--so answer will be 3 crore..
India's International Bank Of Baroda--- 5 words -- 5crore.
First Indian banks to join SWIFT’s global payments innovation initiative ----
ICICI Bank and Axis bank
Rank of India in the inaugural Sustainable Development Goal Index released by Sustainable Development Solutions Network (SDSN).......
“e-marketplace” web portal has been launched by the union ministry of Commerce and Industry.
#Good_Morning frnds 🌤️ , let's start d day wid a beautiful thought. 🙂
In the long history of humankind (and animal kind too)
those who learned to collaborate
and improvise most effectively have prevailed.
Charles Darwin.
Bank names ending with "of India" hv HQs at Mumbai
Union bank of india , Central bank of india , Bank of india, SBI-- HQ- Mumbai.
(only exception is United bank of india.--kolkata)
Bank names starting with "Indian" --HQ at Chennai
Indian bank , Indian overseas bank.
"In Delhi Punjabi girls excel in Commerce."
PNB, Punjab and singh bank , Oriental bank of commerce, Bhartiya mahila bank.
Most private sector banks hv HQ at MUMBAI.
ICICI, AXIS, KOTAK MAHINDRA , YES BANK.