BENGAL INSTITUTE OF BUSINESS
BANKING:A system of trading money which: provides a safe place to save excess cash,
known as DEPOSITS.
supplies liquidity to the economy by loaning
this money out to help businesses grow and to
allow consumers to purchase consumer
products, homes, cars etc.
BANK: Institutions which deals in money & credit.
which handles other people’s money both
for their advantage and to its own profit.
links the flow of funds from savers to the
plays an important role in the economy of
any country as they hold the saving of the
HISTORY @ GLANCE of INDIAN
BANK:• First bank-1786(General Bank of India)
• 3 phases till today
Early phase from 1786-1969 of Indian banks.
Nationalization up to 1991 prior to Indian
Banking sector reforms.
New phase of Indian Banking System with the
advent of Indian Financial & Banking Sector
reforms after 1991.
• Reserve Bank
• Owned By