Imperial Bank of India Current Affairs, GK & News
NITI Aayog submits names of PSU banks to be privatised
NITI Aayog has submitted names of Public Sector Undertaking (PSU) that will be privatised to Core Group of Secretaries on Disinvestment. Highlights All these PSBs will be privatised by Financial Year 2022. Privatisation is being done as part of government’s disinvestment process to raising funds. Background Centre’s aim of privatising two public sector banks and ..
Month: Current Affairs - June, 2021
Category: Banking Current Affairs • Economy & Banking Current Affairs - 2022
Topics: Consolidation of PSBs • Department of Investment and Public Asset Management (DIPAM) • Imperial Bank of India • Privatisation of PSBs • PSBs in India • Public Sector Banks (PSBs) • State Bank of India
History of Banking in India
What are the ancient proofs of presence of banking system? Traces of information regarding existing of banking and financial system are found in India right from Vedic era to Buddhist, Mauryan, Satavahana, Sangam, Rajpoot, Sultanate as well as Mughal periods. The most ancient are the loan deeds of Vedic era called rnapatra or rnalekhya. Which financial activity finds ..
Topics: Bank of Bombay • Bank of Madras • Banking • Banking in India • Banks • BSE SENSEX • CNX Nifty • Companies • Financial services • Imperial Bank of India • State Bank of India
Brief History of Banking in India
The History of Banking in India is as old as Vedic Civilization. For example, in Vedic age the loan deeds called rnapatra or rnalekhya were prevalent. Interest rates as well as usury (सूदखोरी ) was prevalent in Vedic India. The Vedic word Kusidin refers to an usurer. Manusmriti condemns usury and calls it an acceptable means of acquiring wealth. Existence of ..
Topics: Imperial Bank of India • National bank • Public Sector Banks in India