Question

History of Indian banking system????
Please give this answer briefly and also give it as you can give fastly..
It's very urgent

Answer 1

The Reserve Bank of India was established in 1935, followed by the Punjab National Bank, Bank of India, Canara Bank and Indian Bank. They have been the pallbearers in the History of Banking in India. In 1969, 14 major banks were nationalized and in 1980, 6 major private sector banks were taken over by the government.