Sociology, asked by rahulroy2929, 1 year ago

describe briefly the evolution of banking institutions?

Answers

Answered by abishek53

9

Answer:

modern banking began with the English goldsmiths only after 1640. ... But the first bank in the modern sense was established in the Bengal Presidency as the Bank of Bengal in 1806. History apart, it was the 'merchant banker' who first evolved the system of banking by trading in commodities than money.

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