Question

what is the history of banking​

Answer 1

Step-by-step explanation:

Pre Independence Period (1786-1947)

The first bank of India was the “Bank of Hindustan”, established in 1770 and located in the then, Indian capital, Calcutta. ... Following the path of Bank of Hindustan, various other banks were established in India. They were: The General Bank of India (1786-1791)

Bank of India: 1906

Central Bank of India: 1911

Bank Name: Year of Establishment

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Answer 2

Banking in India forms the base for the economic development of the country. Major changes in the banking system and management have been seen over the years with the advancement in technology, considering the needs of people.

The History of Banking in India dates back before India got independence in 1947 and is a key topic in terms of questions asked in various Government exams. In this article, we shall discuss in detail the evolution of the banking sector in India.