Page-3 of History of Banking

In which year, the first bank of India “Bank of Hindustan” was established?

In which year, the first bank of India “Bank of Hindustan” was established? [A]1870 [B]1770 [C]1795 [D]1880 Show Answer 1770 The first bank of India is Bank of Hindustan established in 1770. This bank was established at Calcutta under European management. It was liquidated in 1830-32.

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In which year, the nationalization of subsidiary banks of the State Bank of India (SBI) was done?

In which year, the nationalization of subsidiary banks of the State Bank of India (SBI) was done? [A] 1955 [B] 1956 [C] 1959 [D] 1980 Show Answer 1959 In 1959, State Bank of India (subsidiary) act was passed. As per the act, seven subsidiary banks of the State Bank of India (SBI) were nationalized as ..

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What was the name of State Bank of India (SBI) before it was created by SBI Act?

What was the name of State Bank of India (SBI) before it was created by SBI Act? [A]Imperial Bank of Hindustan [B]Imperial Bank of Bengal [C]Imperial Bank of Madras [D]Imperial Bank of India Show Answer Imperial Bank of India The Presidency banks viz. Bank of Bengal, Bank of Bombay and Bank of Madras amalgamated on ..

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The liberalisation of Indian banking and regulation was done first on the basis of recommendations of which committee?

The liberalisation of Indian banking and regulation was done first on the basis of recommendations of which committee? [A]Narasimham Committee [B]A Ashok Committee [C]Saraiya Committee [D]Khusro Committee Show Answer Narasimham Committee The liberalisation of Indian banking and regulation was done on the basis of recommendations of Narasimham Committee in 1991. The purpose of the committee ..

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