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Essay

Banking In India

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Issue:

Book Reports

 

Written by:

Mary P

 

Date added:

April 19, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

8 / 2146

 

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6212 times

 

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Essay content:

The oldest bank in existence in India is the State Bank of India, which originated in the "The Bank of Bengal" in Calcutta in June 1806. This was one of the three presidency banks, the other two being the Bank of Bombay and the Bank of Madras. The presidency banks were established under charters from the British East India Company...
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The presidency banks were established under charters from the British East India Company. They merged in 1925 to form the Imperial Bank of India, which, upon India's independence, became the State Bank of India. For many years the Presidency banks acted as quasi-central banks, as did their successors...
displayed 300 characters

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