History Of Banking In India: Finance Courses In Kolkata And NSE Courses - GAFA


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History Of Banking In India: Finance Courses In Kolkata And NSE Courses

20 October 2018

Banking in India has an interesting history. The first bank to be established in India was the Bank of Hindustan. It originated in the year 1770. Following that was the Bank of India which was established in 1786. However, the bank which was started in the early 1800’s and is still in existence is the State Bank of India. Oudh Commercial Bank was the first complete Indian commercial bank. Oudh Commercial Bank started in the year 1881 in Faziabad, however, the bank failed in the year 1958. Following the opening of Oudh Commercial Bank in 1881, Punjab National Bank opened in the year 1894 and was established in Lahore. Punjab National Bank is now one of the largest banks in India. The Indusind Bank, on the other hand, was the first private bank to be established in India in the year 1994 in Mumbai. When it comes to ATMs and cheques system, the credit goes to two separate banks. The Hongkong and Shanghai Banking Corporation (HSBC) was the first bank which put the ATM concept around India. This happened in the year 1987 in Mumbai. As of the present, almost every bank has ATM outlets in the country. The cheque system was started by Bengal Bank in the year 1784. India’s central banking authority is the Reserve Bank of India (RBI). The Reserve Bank of India was established in the year 1935 in the month of April. Now you can know more about the banking world and the history of it and also be a part of it by joining the NSE courses available in Kolkata and becoming a part of the organisation which excels in providing finance courses in Kolkata. If you wish to know more about such courses, go to the NSE courses website or you can directly go to the website for NSE academy. Alternatively, now you can search for finance courses in Kolkata by NSE too.   www.gafaglobal.com

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