Professional Documents
Culture Documents
Allahabad bank-1856
Punjab National bank-1894
Bank of India, central bank of India, bank of
Baroda, canara bank, Indian bank, central bank
of India, bank of Baroda, Indian bank etc were
set up between 1906-1913.
Development after-1990
Phase-II
1955 nationalized Imperial bank.
Formed State Bank Of India(S.B.I) as principal agent
of R.B.I and to handle banking transaction of the
union and state government.
The nationalization of banks in India took place in
1969 by Mrs. Indira Gandhi the then prime minister. It
nationalized 14 banks then.
Nationalisation of Seven State Banks of India (formed
subsidiary) took place on 19th July, 1960.
cont’d…Phase-III
History
The Reserve Bank of India was set up on the basis of
the recommendations of the Hilton Young Commission
The Reserve Bank of India Act, 1934 (II of 1934)
provides the statutory basis of the functioning of the
Bank, which commenced operations on April 1, 1935.
FUNCTION OF CENTRAL BANK
Bank of Issue
Banker to Government
Bankers' Bank and Lender of the Last Resort
Controller of Credit
Custodian of Foreign Reserves
Supervisory functions
Promotional functions
QUANTITATIVE
TOOLS
deflation
contd….
CREDIT MARGIN
CEILING ON CREDIT
RATIONING OF CREDIT
Narsimham Committee Report