National Indian Banking Case Study

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AN OVERVIEW OF THE BANKING SECTOR For the last three decades India's economic climate has several outstanding successes to its credit score. The most stunning is its comprehensive reach. It is no longer limited to only metropolitans or cosmopolitans in National Indian. In fact, National Indian economic climate has reached even to the remote corners of the nation. The first financial institution in National Indian, though traditional, was recognized in 1786. From 1786 till today, the journey of National Indian Banking Program can be separated into three distinct stages. They are as mentioned below: • Early stage from 1786 to 1969 of National Indian Banking institutions • Nationalization of National Indian Banking institutions and up to 1991…show more content…
Next, Bank of Hindustan and Bengal Bank. The East National Indian Company recognized Bank of Bengal (1809), Bank of Bombay (1840) and Bank of Madras (1843) as independent units and called it Obama administration banking institutions. Indians, Punjab National Bank Ltd. was set up in 1894 with headquarters at Lahore. Between 1906 and 1913, Bank of India, Central Bank of India, Bank of Baroda, Canara Bank, Indian Bank, and Bank of Mysore were set up. Reserve Bank of India came in 1935. During the first stage the growth was very slow and banks also experienced regular problems between 1913 and 1948. There were approximately 1100 banks, mostly small. To improve the functioning and actions of commercial banks, the Government of National Indian came up with The Banking Companies Act, 1949 which was later changed to Banking Control Act 1949 as per improving Act of 1965 (Act No. 23 of 1965). Source Bank of National Indian was interested with comprehensive abilities for the guidance of financial in National Indian as the Main Banking Authority PHASE…show more content…
PHASE III This stage has presented many more products and features in the financial industry in its reforms measure. In 1991, under the chairmanship of M Narasimham, a panel was set up by his name which worked for the liberalization of financial practices. Phone financial and net financial is presented. The entire system became more convenient and instant. Time is given more importance than cash. In the last, farming was performed in a conventional way. It was subsidence farming and was more or less self-sufficient. Credit needs of the farm owners were limited and were met with mostly by the cash creditors, relatives, and friends and to some increase by Taccavi financial loans from Government. Money creditors used to manipulate the farm owners in various ways like excessive interest levels, false documents, etc. After freedom and particularly after the Green Trend, farming joined the era of modernization and the cash score needs of the farming community started increasing. In the present day market focused farming, the cash score has become one of the crucial

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