History of banking

evolution of banking

1. HISTORY OF BANKING

2. Topic to be covered What is Banking? History of Banking?

3. THE TERM BANK

4. According to Banking Regulation Act , “Banking means the accepting for the purpose of lending or investment of deposits of money from the public, repayable on demand or otherwise and withdrawable by cheque , draft, and an order or otherwise ”. BANKING: Definition

5. Oxford Dictionary defines a bank as "an establishment for custody of money, which it pays out on customer's order .“ BANKING: Definition

6. BANKING: Meaning

7. Evolution OF BANKING Babylonians Aristotle Mohammedans 14 th century banking

8. EVOLUTION OF BANKING 1157 Bank of Venice 1401 & 1407 Bank of Barcelona and the bank of Genoa 1609 1690 Bank of Amsterdam Bank of Hamburg 1694 1833 Bank of England Joint stock commercial banking

9. HISTORY OF BANKING IN INDIA Phase I (1786 – 1969)

10. HISTORY OF BANKING IN INDIA Phase I (1786 – 1969)

11. HISTORY OF BANKING IN INDIA Phase II (1969-1991)

12. HISTORY OF BANKING IN INDIA Phase III (1991- Till date)