1) Banking is 200 years old in india.
2) The first bank of india was established on 2 june 1806 then known as
“Bank of calcutta”.
3) Later on it was renamed as “Bank Of Bengal”.
4) Thereafter 2 other presidency banks- Bank Of Bombay And Bank Of
Madras merged in it and it became “Imperial Bank” in 1921.
5) In 1881, Oudh Commercial Bank was established.
6) Subsequently, Punjab National Bank was established in 1894.
7) As swaraj movement gained momentum, many commercial banks
8) During 1913-1917, banking crisis took place and as a result 588
banks failed to survive.It ended in 1949.
9) In 1949, Banking Regulation Act was passed.
10) In 1955, the govt. of india owned the imperial bank of india alongwith
RBI taking 60% stake in it and renamed it as State Bank Of India.
11) In 1959, the govt. passed The State Bank Of India(subsidiary Act)
which made seven state associate banks.
NATIONALISATION OF BANKS
1) Nationalization is the process of taking a
private industry or private assets into public
ownership by a national government or state.
2) In july 1969, 14 major commercial banks
3) In April 1980,another six commercial banks
4) In 1993,The New Bank Of India which was
running at a loss was merged with Punjab
5) In 2008, the govt. took over the stake of SBI
held by the RBI.
1) ALLAHABAD BANK
2) BANK OF BARODA
3) ANDHRA BANK
4) BANK OF INDIA
5) BANK OF MAHARASHTRA
6) CANARA BANK
7) CENTRAL BANK OF INDIA
8) CORPORATION BANK
9) DENA BANK
10) INDIAN BANK
11) INDIAN OVERSEAS BANK
12) ORIENTAL BANK OF
13) PUNJAB NATIONAL BANK
14) PUNJAB AND SIND BANK
15) SYNDICATE BANK
16) UCO BANK
17) UNION BANK OF INDIA
18) UNITED BANK OF INDIA
19) VIJAYA BANK
20) STATE BANK OF INDIA
THE 19 NATIONALISED BANKS
ALONGWITH SBI ARE AS FOLLOWS
The SBI is the largest commercial bank of the country and is
among the 100 topmost banks In the world.
It’s seven subsidiary banks are as follows:-
1) State Bank Of Bikaner And Jaipur.
2) State Bank Of Hyderabad.
3) State Bank Of Indore.
4) State Bank Of Mysore
5) State Bank Of Patiala
6) State Bank Of Saurashtra
7) State Bank Of Travancore
Subsequent to the issue of guidelines In Jan 1993 for the entry of new
private sector banks, THE RBI granted approval for the setting up of 13
privately owned domestic banks.
At present, 19 privately owned domestic banks are operating in india.
1. Axis Bank 15. South Indian Bank
2. Icici Ltd 16. Hdfc Bank
3. Lakshmi Vilas Bank 17. Kotak Mahindra
4. Catholic Syrian Bank 18. Yes Bank
5. Indusind Bank 19. Shivalik Bank
6. Rbl Bank
7. City Union Bank
8. Ingvyasa Bank
9. Nainital Bank
10.Development Credit Bank
12.Tamilnadu Mercantile Bank
IMPORTANT BANK MERGERS
1) 1993- NEW BANK OF INDIA MERGED WITH PNB
2) 1996-PUNJAB CO-OP LTD MERGED WITH
ORIENTAL BANK OF COMMERCE (OBC)
3) 2000- TIMES BANK LTD MERGED WITH HDFC
4) 2001- BANK OF MADUR MERGED WITH ICICI BANK
5) 2004-IDBI MERGED WITH INDUSTRIAL
DEVELOPMENT BANK OF INDIA
6) 2004- GLOBAL TRUSTBANK LTD MERGED WITH
7) 2005- CENTURION BANK MERGED WITH BANK OF
8) 2007- BHARAT OVERSEAS BANK MERGED WITH
INDIAN OVERSEAS BANK
9) 2008-CENTURION BANK OF PUNJAB MERGED