information on banking in Indian bank
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MODERN BANKING IN INDIA ORIGINATE IN THE LAST DECADE OF OF THE 18TH CENTURY. AMONG THE FIRST BANKS WERE THE BANK OF HINDUSTAN WHICH WAS ESTABLISHED IN 1770 AND LIQUIDATED IN IN 1829 TO 32 AND THE GENERAL BANK OF INDIA ESTABLISHED IN 1786 BUT FAILED IN 1791.THE LARGEST AND OLDEST BANK WHICH IS STILL IN EXTENDS IS THE STATE BANK OF INDIA SBI IT ORIGINATED AND STARTED WORKING AT THE BANK OF CALCUTTA IN MID JUNE 1806. IN 1809 IT WAS RENAMED AS THE BANK OF BENGAL.THIS WAS ONE OF THE THREE BANKS FOUNDED IN PRESIDENCY GOVERNMENT THE OTHER TOWARDS THE BANK OF BOMBAY IN 1840 AND THE BANK OF MADRAS IN 1843. THREE BANKS WERE MERGED IN IN 1921 TO FORM THE IMPERIAL BANK OF INDIA WHICH APP ON INDIA'S INDEPENDENCE BECAME THE STATE BANK OF INDIA IN 1955. FROM MANY YEARS THE PRESIDENCY BANK HARD ACT AS QUAIS -CENTRALBANKS AS DID THEIR SUCCESSIVE UNTIL THE RESERVE BANK OF INDIA WAS ESTABLISHED IN 1935 UNDER THE RESERVE BANK OF INDIA ACT 1934.