Question

Discuss breifly the origin and growth of commercial banks in india

Answer 1

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Modern banking in India originated in the last decade of the 18th century. Among the firstbanks 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. ... These are now called its associate banks.

Answer 2

Modern banking in India originated in the last decade 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. ... In 1809, it was renamed as the Bank of Bengal.

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