History of Banking in india from ecentint to now

banking evolution

1. History of Banking by Jangiti sindhuja

2. Banking System first started in Itly Banco to Bank Barter system Common commercial tool for trading- Gold Merchants and Gold Smiths Safe deposits Started

3. History Pre – Indepenence phase before 1947 Second phase 1947-1991 Third phase 1991 and beyond

4. Pre independence Phase Bank of Hindostan in Kolkata Reserve bank of India was formed based on the recommendation of Hilton young Commission (Set up in 1926) High failures in Banking sector People relied on unorganized sectors

5. Second Phase Nationalization of banks Increased efficiency of banking system Stabilization of costs as essential goods supply increased