Banking & Finance-1: History, Structure & Types of Banking
This document is mainly for Preliminary examination and covers the topics objectively. This content is also useful for some of you who might be appearing in Banking Examinations as well. Prelims MCQ Topics Kusidin, Presidency Banks, Imperial Bank of India, ..
sunitaraj
November 17, 2015 at 5:32 pmSir , Is it correct -similarly ,SBI also a statutory body deriving its legality from SBI Act-1935? Should it be 1955? If correct -please explain it ,I am unable to understand.
Suresh Soni
November 19, 2015 at 12:56 pmHello, Its 1955 act not 1935. It was a typo, fixed now.
Amitav
November 19, 2015 at 6:59 pmSir, can you please check page 6 last paragrph… Seven subsidiaries of sbi were nationalised by the indira gandhi govt in 1959
Suresh Soni
November 19, 2015 at 7:13 pmHello Amitav, yes I checked it and this was also a typo. It has to be read as follows:
After that, in a major process of nationalization, seven subsidiaries of the State Bank of India were nationalized via the State Bank of India (Subsidiary Banks) Act, 1959.
Chinu
November 24, 2015 at 11:29 amWhy sbi is not the oldest public sector bank but allahabad is?
Chinu
November 24, 2015 at 11:32 amIntrest rate of different nationalized banks are diff though they are all controlled by government. Why it is so though they are controlled by same source?also who decide thses rates