After reading this article you will learn about the evolution of banking during different periods. Ancient Period: Any effort to trace the roots of banking or history of banking in an authenticated written form may perhaps always remain incomplete as in one or the other way the functions of a bank always existed right from the day human race came [...]
List of top four earlier period banks of India:- 1. Bank of Hindustan (1770-1832) 2. The General Bank or General Bank of India (1786) and Bengal Bank 3. Bank of Calcutta (1806) or Bank of Bengal 4. The Presidency Banks. 1. Bank of Hindustan (1770-1832): In 1690 one of the Agents of East India Company Mr. Job Charnok selected Calcutta [...]
After reading this article you will learn about the establishment of the central bank for India. In order to bring some sound monetary policy, Industrial and agricultural development, provision for establishing sound principles for the upliftment of trade commerce and in manufacturing sectors a co-ordination among the banks constituted under the Company Act or otherwise including indigenous banks was immediately [...]