Bankimg History And First In Banking Flashcards
(61 cards)
Which act allowed the government to nationalise private entities in 1948?
Public Ownership Act
When was RBI nationalised?
1st January 1949
Which committee recommended the formation of SBI?
Gorwala Committee
When was SBI established?
1st July 1955
Which banks were merged to form SBI in 1959 as associate banks?
State Bank of Patiala, Hyderabad, Bikaner, Jaipur, Mysore, Travancore
In which year were 14 banks nationalised in India?
1969
Which was the second phase of bank nationalisation in India?
1980
Which committee recommended the establishment of Regional Rural Banks (RRBs)?
Narasimham Committee
Name the first RRB in India.
Prathama Bank
Where was Prathama Bank located?
Moradabad, Uttar Pradesh
Which bank was established to serve agricultural and rural development finance needs?
NABARD
Who recommended the establishment of NABARD?
Shivaraman Committee
What was the first bank in the world?
Bank of Venice
Which was the first bank in India?
Bank of Hindustan
Which was the first purely Indian managed bank?
Punjab National Bank
Which was the first Indian bank fully owned by Indians?
Central Bank of India
Which act provides legal structure to the banking system in India?
Banking Regulation Act, 1949
Who was the first Governor of RBI?
Sir Osborne Smith
Who was the first Indian Governor of RBI?
C. D. Deshmukh
When was RBI established?
1st April 1935
What was the capital of RBI at the time of establishment?
₹5 crore
Which policy introduced LPG reforms in India?
Industrial Policy of 1991
When were private bank licenses first issued by RBI?
1993–94
Name the two banks licensed in 2003–04.
Kotak Mahindra Bank, Yes Bank