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Essay

Banking Industry analysis

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Issue:

Business

 

Written by:

Elizabeth A

 

Date added:

February 8, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1012

 

Was viewed:

8063 times

 

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Essay content:

These three banks were amalgamated in 1920 and a new bank, Imperial bank of India was established which started as private shareholders bank, mostly European shareholders. Reserve Bank of India (RBI) was constituted in the year 1935 as an apex bank without major government ownership. In the year 1949, Govt...
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In the year 1949, Govt. of India enacted "The Banking Regulations Act" in order to streamline the functioning and activities of commercial banks. This act brought Reserve Bank of India under government control. Under the act, RBI got wide ranging powers for supervision & control of banks. In 1955, RBI acquired control of the Imperial bank of India, which was renamed as SBI...
displayed 300 characters

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