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banking

banking

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Published by Pooja Chandak
structure of banking
structure of banking

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Published by: Pooja Chandak on Mar 18, 2013
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08/19/2013

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3/18/13
The Banking Companies Act of 1949, define
Banking Company as a company which transacts the business of banking in India. It defines banking as, accepting for the purpose of lending or investment of deposit money from the public, repayable on demand or otherwise and withdraw able bycheque draft , order or otherwiseA bank as an institution dealing in money and credit. Itsafeguard of the savings of the public and gives loans andadvances
INTRODUCTION OF A BANK 
 
3/18/13
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Banking in India originated in the last decades of the 18thcentury
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The first banks were The General Bank of India which startedin 1786 and the Bank of Hindustan 
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The oldest bank in existence in India is the State Bank of India, which originated in the Bank of Calcutta in June 1806
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The other the Bank of Bombay and the Bank of Madras, allthree of which were established under charters from theBritish East India Company of the largest banks in India 
Pre Independence BankingSystem of India
 
3/18/13
Pre Independence BankingSystem of India (contd…)

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