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Banking in India

Index Banking in India

Banking in India, in the modern sense, originated in the last decades of the 18th century. [1]

118 relations: Allahabad Bank, Alliance Bank of Simla, Automated teller machine, Axis Bank, Bank of Baroda, Bank of Bombay, Bank of Calcutta, Bank of India, Bank of Madras, Banking Frontiers, Banking Regulation Act, 1949, Bengal, Bhubaneswar, Brahmin, British Raj, Canara Bank, Catholic Syrian Bank, Central Bank of India, Chanakya, Chennai, Cheque, Cheque truncation, Cheque Truncation System, China, Clearing (finance), Clearing house (finance), Companies Act 2013, Comptoir national d'escompte de Paris, Corporation Bank, Credit, Crore, Dakshina Kannada, Deed, Delhi, Dharmaśāstra, Digital currency, Distributed ledger, Economic liberalisation in India, Economy of India, Electronic funds transfer, Faizabad, Financial inclusion, Fiscal year, Government of India, Grindlays Bank, Gross national product, Guwahati, HDFC Bank, History of banking, HSBC, ..., Hundi, ICICI Bank, Imperial Bank of India, Indian Bank, Indian Rebellion of 1857, Indian rupee, Indian rupee sign, Indira Gandhi, Institute of Banking Personnel Selection, Jaipur, Jataka tales, Jayaprakash Narayan, Joint-stock company, Kolkata, Kotak Mahindra Bank, Kshatriya, Lahore, Laissez-faire, Letter of credit, Magnetic ink character recognition, Manusmriti, Maurya Empire, Microfinance, Ministry of Finance (India), Mixed economy, Mughal Empire, Mumbai, Narendra Modi, National Bank for Agriculture and Rural Development, Nationalization, Negotiable instrument, New Bank of India, Online banking, Oudh Commercial Bank, Parliament of India, Partition of India, Patna, Payment order, Payment system, Payments bank, Pondicherry, Pradhan Mantri Jan Dhan Yojana, Presidencies and provinces of British India, President of India, Prime Minister of India, Public limited company, Punjab National Bank, Punjab, India, Regional Rural Bank, Reserve Bank of India, Reserve Bank of India Act, 1934, Retail banking, Schedule, Settlement (finance), State Bank of India, Sutra, Swadeshi movement, Thiruvananthapuram, Udupi district, Usury, Varna, Vasishtha, Vedas, Warburg Pincus, West Bengal, World War I, World War II, Yes Bank. Expand index (68 more) »

Allahabad Bank

Allahabad Bank is a nationalised bank with its headquarters in Kolkata, India.

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Alliance Bank of Simla

The Alliance Bank of Simla was a British-run though India-registered bank that commenced operations in Simla 1874 under the management of Mr.

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Automated teller machine

An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, transfer funds, or obtaining account information, at any time and without the need for direct interaction with bank staff.

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Axis Bank

Axis Bank is the third largest of the private-sector banks in India offering a comprehensive suite of financial products.

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Bank of Baroda

Bank of Baroda (BoB) is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. It has a corporate office in Mumbai. Based on 2017 data, it is ranked 1145 on Forbes Global 2000 list. BoB has total assets in excess of 3.58 trillion (making it India’s 2nd biggest bank by assets), a network of 5538 branches in India and abroad, and 10441 ATMs as of July, 2017. The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on 20 July 1908 in the Princely State of Baroda, in Gujarat. The bank, along with 13 other major commercial banks of India, was nationalised on 19 July 1969, by the Government of India and has been designated as a profit-making public sector undertaking (PSU). As many as 10 banks have been merged with Bank of Baroda during its journey so far.

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Bank of Bombay

Bank of Bombay was the second of the three presidency banks (others being the Bank of Calcutta and the Bank of Madras) of the Raj period.

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Bank of Calcutta

The Bank of Calcutta (a precursor to the present State Bank of India) was founded on 2 June 1806, mainly to fund General Wellesley's wars against Tipu Sultan and the Marathas.

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Bank of India

Bank of India (BoI) is commercial bank with headquarters at Bandra Kurla complex, Mumbai.

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Bank of Madras

The Bank of Madras was one of the three Presidency Banks of British India, along with the Bank of Bengal and the Bank of Bombay.

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Banking Frontiers

Banking Frontiers is a monthly English language magazine published by Glocal Infomart Pvt Ltd.

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Banking Regulation Act, 1949

The Banking Regulation Act, 1949 is a legislation in India that regulates all banking firms in India.

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Bengal

Bengal (Bānglā/Bôngô /) is a geopolitical, cultural and historical region in Asia, which is located in the eastern part of the Indian subcontinent at the apex of the Bay of Bengal.

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Bhubaneswar

Bhubaneswar, also spelt as Bhubaneshwar or Bhuvanēśvar, is the capital of the Indian state of Odisha.

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Brahmin

Brahmin (Sanskrit: ब्राह्मण) is a varna (class) in Hinduism specialising as priests, teachers (acharya) and protectors of sacred learning across generations.

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British Raj

The British Raj (from rāj, literally, "rule" in Hindustani) was the rule by the British Crown in the Indian subcontinent between 1858 and 1947.

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Canara Bank

Canara Bank is one of the largest public sector banks owned by the Government of India.

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Catholic Syrian Bank

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Central Bank of India

Central Bank of India, a government-owned bank, is one of the oldest and largest commercial banks in India.

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Chanakya

Chanakya (IAST:,; fl. c. 4th century BCE) was an Indian teacher, philosopher, economist, jurist and royal advisor.

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Chennai

Chennai (formerly known as Madras or) is the capital of the Indian state of Tamil Nadu.

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Cheque

A cheque, or check (American English; see spelling differences), is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.

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Cheque truncation

Cheque truncation (check truncation in American English) is the conversion of a physical cheque into a substitute electronic form for transmission to the paying bank.

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Cheque Truncation System

Cheque Truncation System (CTS) or Image-based Clearing System (ICS), in India, is a project of the Reserve Bank of India (RBI), commencing in 2010, for faster clearing of cheques.

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China

China, officially the People's Republic of China (PRC), is a unitary one-party sovereign state in East Asia and the world's most populous country, with a population of around /1e9 round 3 billion.

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Clearing (finance)

In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled.

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Clearing house (finance)

A clearing house is a financial institution formed to facilitate the exchange (i.e., clearance) of payments, securities, or derivatives transactions.

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Companies Act 2013

The Companies Act 2013 is an Act of the Parliament of India on Indian company law which regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company.

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Comptoir national d'escompte de Paris

The Comptoir national d'escompte de Paris (CNEP), formerly the Comptoir d'escompte de Paris (CEP) was one of four banks that combined to form BNP Paribas.

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Corporation Bank

Corporation Bank is a public-sector banking company headquartered in Mangalore, India.

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Credit

Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead promises either to repay or return those resources (or other materials of equal value) at a later date.

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Crore

A crore (abbreviated cr) or koti denotes ten million (10,000,000 or 107 in scientific notation) and is equal to 100 lakh in the Indian numbering system as 1,00,00,000 with the local style of digit group separators (a lakh is equal to one hundred thousand and is written as 1,00,000).

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Dakshina Kannada

Dakshina Kannada is a district in the state of Karnataka in India.

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Deed

A deed (anciently "an evidence") is any legal instrument in writing which passes, affirms or confirms an interest, right, or property and that is signed, attested, delivered, and in some jurisdictions, sealed.

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Delhi

Delhi (Dilli), officially the National Capital Territory of Delhi (NCT), is a city and a union territory of India.

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Dharmaśāstra

Dharmaśāstra (धर्मशास्त्र) is a genre of Sanskrit texts, and refers to the treatises (shastras) of Hinduism on dharma.

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Digital currency

Digital currency (digital money or electronic money or electronic currency) is a type of currency available only in digital form, not in physical (such as banknotes and coins).

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Distributed ledger

A distributed ledger (also called a shared ledger, or distributed ledger technology, DLT) is a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, or institutions.

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Economic liberalisation in India

The economic liberalisation in India refers to the economic liberalisation, initiated in 1991, of the country's economic policies, with the goal of making the economy more market and service-oriented and expanding the role of private and foreign investment.

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Economy of India

The economy of India is a developing mixed economy.

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Electronic funds transfer

Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff.

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Faizabad

Faizabad is a city in the Indian state of Uttar Pradesh, and forms a municipal corporation with Ayodhya.

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Financial inclusion

Financial inclusion is where individuals and businesses have access to useful and affordable financial products and services that meet their needs that are delivered in a responsible and sustainable way.

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Fiscal year

A fiscal year (or financial year, or sometimes budget year) is the period used by governments for accounting and budget purposes, which vary between countries.

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Government of India

The Government of India (IAST), often abbreviated as GoI, is the union government created by the constitution of India as the legislative, executive and judicial authority of the union of 29 states and seven union territories of a constitutionally democratic republic.

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Grindlays Bank

The historic overseas bank was established in London in 1828 as Leslie & Grindlay, agents and bankers to the British army and business community in India.

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Gross national product

Gross national product (GNP) is the market value of all the goods and services produced in one year by labor and property supplied by the citizens of a country.

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Guwahati

Guwahati (Pragjyotishpura in ancient Assam, Gauhati in the modern era) is the largest city in the Indian state of Assam and also the largest urban area in Northeast India.

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HDFC Bank

HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra.

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History of banking

The history of banking began with the first prototype banks were the merchants of the world, who made grain loans to farmers and traders who carried goods between cities.

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HSBC

HSBC Holdings plc is a British multinational banking and financial services holding company, tracing its origin to a hong in Hong Kong.

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Hundi

A Hundi is a financial instrument that developed in Medieval India for use in trade and credit transactions.

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ICICI Bank

ICICI Bank (Industrial Credit and Investment Corporation of India) is an Indian multinational bank and financial services company headquartered in Mumbai, Maharashtra, India, with its registered office in Vadodara.

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Imperial Bank of India

The Imperial Bank of India (IBI) was the oldest and the largest commercial bank of the Indian subcontinent, and was subsequently transformed into State Bank of India in 1955.

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Indian Bank

Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India.

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Indian Rebellion of 1857

The Indian Rebellion of 1857 was a major uprising in India between 1857–58 against the rule of the British East India Company, which functioned as a sovereign power on behalf of the British Crown.

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Indian rupee

The Indian rupee (sign: ₹; code: INR) is the official currency of the Republic of India.

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Indian rupee sign

The Indian rupee sign (sign:; code: INR) is the currency sign for the Indian rupee, the official currency of India.

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Indira Gandhi

Indira Priyadarshini Gandhi (née Nehru; 19 November 1917 – 31 October 1984) was an Indian politician, stateswoman and a central figure of the Indian National Congress.

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Institute of Banking Personnel Selection

The Institute of Banking Personnel Selection also known as IBPS, is a recruitment body that was started with an aim to encourage the recruitment and placement of young graduates in public sector banks in India (except SBI).

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Jaipur

Jaipur is the capital and the largest city of the Indian state of Rajasthan in Northern India.

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Jataka tales

The Jātaka tales are a voluminous body of literature native to India concerning the previous births of Gautama Buddha in both human and animal form.

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Jayaprakash Narayan

Jayaprakash Narayan (11 October 1902 – 8 October 1979), popularly referred to as JP or Lok Nayak (Hindi for The People's Leader), was an Indian independence activist, theorist and political leader, remembered especially for leading the mid-1970s opposition against Prime Minister Indira Gandhi, for whose overthrow he called a "total revolution".

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Joint-stock company

A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders.

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Kolkata

Kolkata (also known as Calcutta, the official name until 2001) is the capital of the Indian state of West Bengal.

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Kotak Mahindra Bank

Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra, India.

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Kshatriya

Kshatriya (Devanagari: क्षत्रिय; from Sanskrit kṣatra, "rule, authority") is one of the four varna (social orders) of the Hindu society.

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Lahore

Lahore (لاہور, لہور) is the capital city of the Pakistani province of Punjab, and is the country’s second-most populous city after Karachi.

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Laissez-faire

Laissez-faire (from) is an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs and subsidies.

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Letter of credit

A letter of credit (LC), also known as a documentary credit, bankers commercial credit, is a payment mechanism used in international trade to perform the same economic function as a guarantee, by allocating risk undertaken by contracting parties.

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Magnetic ink character recognition

MICR code is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents.

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Manusmriti

The Manusmṛti (Sanskrit: मनुस्मृति), also spelled as Manusmriti, is an ancient legal text among the many of Hinduism.

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Maurya Empire

The Maurya Empire was a geographically-extensive Iron Age historical power founded by Chandragupta Maurya which dominated ancient India between 322 BCE and 180 BCE.

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Microfinance

Microfinance initially had a limited definition - the provision of microloans to poor entrepreneurs and small businesses lacking access to banking and related services.

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Ministry of Finance (India)

The Ministry of Finance is an important ministry within the Government of India concerned with the economy of India, serving as the Indian Treasury Department.

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Mixed economy

A mixed economy is variously defined as an economic system blending elements of market economies with elements of planned economies, free markets with state interventionism, or private enterprise with public enterprise.

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Mughal Empire

The Mughal Empire (گورکانیان, Gūrkāniyān)) or Mogul Empire was an empire in the Indian subcontinent, founded in 1526. It was established and ruled by a Muslim dynasty with Turco-Mongol Chagatai roots from Central Asia, but with significant Indian Rajput and Persian ancestry through marriage alliances; only the first two Mughal emperors were fully Central Asian, while successive emperors were of predominantly Rajput and Persian ancestry. The dynasty was Indo-Persian in culture, combining Persianate culture with local Indian cultural influences visible in its traits and customs. The Mughal Empire at its peak extended over nearly all of the Indian subcontinent and parts of Afghanistan. It was the second largest empire to have existed in the Indian subcontinent, spanning approximately four million square kilometres at its zenith, after only the Maurya Empire, which spanned approximately five million square kilometres. The Mughal Empire ushered in a period of proto-industrialization, and around the 17th century, Mughal India became the world's largest economic power, accounting for 24.4% of world GDP, and the world leader in manufacturing, producing 25% of global industrial output up until the 18th century. The Mughal Empire is considered "India's last golden age" and one of the three Islamic Gunpowder Empires (along with the Ottoman Empire and Safavid Persia). The beginning of the empire is conventionally dated to the victory by its founder Babur over Ibrahim Lodi, the last ruler of the Delhi Sultanate, in the First Battle of Panipat (1526). The Mughal emperors had roots in the Turco-Mongol Timurid dynasty of Central Asia, claiming direct descent from both Genghis Khan (founder of the Mongol Empire, through his son Chagatai Khan) and Timur (Turco-Mongol conqueror who founded the Timurid Empire). During the reign of Humayun, the successor of Babur, the empire was briefly interrupted by the Sur Empire. The "classic period" of the Mughal Empire started in 1556 with the ascension of Akbar the Great to the throne. Under the rule of Akbar and his son Jahangir, the region enjoyed economic progress as well as religious harmony, and the monarchs were interested in local religious and cultural traditions. Akbar was a successful warrior who also forged alliances with several Hindu Rajput kingdoms. Some Rajput kingdoms continued to pose a significant threat to the Mughal dominance of northwestern India, but most of them were subdued by Akbar. All Mughal emperors were Muslims; Akbar, however, propounded a syncretic religion in the latter part of his life called Dīn-i Ilāhī, as recorded in historical books like Ain-i-Akbari and Dabistān-i Mazāhib. The Mughal Empire did not try to intervene in the local societies during most of its existence, but rather balanced and pacified them through new administrative practices and diverse and inclusive ruling elites, leading to more systematic, centralised, and uniform rule. Traditional and newly coherent social groups in northern and western India, such as the Maratha Empire|Marathas, the Rajputs, the Pashtuns, the Hindu Jats and the Sikhs, gained military and governing ambitions during Mughal rule, which, through collaboration or adversity, gave them both recognition and military experience. The reign of Shah Jahan, the fifth emperor, between 1628 and 1658, was the zenith of Mughal architecture. He erected several large monuments, the best known of which is the Taj Mahal at Agra, as well as the Moti Masjid, Agra, the Red Fort, the Badshahi Mosque, the Jama Masjid, Delhi, and the Lahore Fort. The Mughal Empire reached the zenith of its territorial expanse during the reign of Aurangzeb and also started its terminal decline in his reign due to Maratha military resurgence under Category:History of Bengal Category:History of West Bengal Category:History of Bangladesh Category:History of Kolkata Category:Empires and kingdoms of Afghanistan Category:Medieval India Category:Historical Turkic states Category:Mongol states Category:1526 establishments in the Mughal Empire Category:1857 disestablishments in the Mughal Empire Category:History of Pakistan.

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Mumbai

Mumbai (also known as Bombay, the official name until 1995) is the capital city of the Indian state of Maharashtra.

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Narendra Modi

Narendra Damodardas Modi (born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014.

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National Bank for Agriculture and Rural Development

National Bank for Agriculture and Rural Development (NABARD) is an apex development financial institution in India, headquartered at Mumbai with regional offices all over India.

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Nationalization

Nationalization (or nationalisation) is the process of transforming private assets into public assets by bringing them under the public ownership of a national government or state.

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Negotiable instrument

A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, with the payer usually named on the document.

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New Bank of India

New Bank of India was established in 1936, in Lahore by Mulk Raj Kohli, a professor of Economics turned banker.

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Online banking

Online banking, also known as internet banking, it is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website.

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Oudh Commercial Bank

Oudh Commercial Bank was established in 1881 in Faizabad.

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Parliament of India

The Parliament of India is the supreme legislative body of the Republic of India.

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Partition of India

The Partition of India was the division of British India in 1947 which accompanied the creation of two independent dominions, India and Pakistan.

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Patna

Patna is the capital and largest city of the state of Bihar in India.

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Payment order

Payment order is an international banking term that refers to a directive to a bank or other financial institution from a bank account holder instructing the bank to make a payment or series of payments to a third party.

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Payment system

A payment system is any system used to settle financial transactions through the transfer of monetary value, and includes the institutions, instruments, people, rules, procedures, standards, and technologies that make such an exchange possible.

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Payments bank

Payments banks is a new model of banks conceptualised by the Reserve Bank of India (RBI).

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Pondicherry

Pondicherry (or; French: Pondichéry) is the capital city and the largest city of the Indian union territory of Puducherry.

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Pradhan Mantri Jan Dhan Yojana

Pradhan Mantri Jan Dhan Yojana(PMJDY), Prime Minister's Peoples' Wealth Scheme, is a government scheme that aims to expand and make affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.

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Presidencies and provinces of British India

The Provinces of India, earlier Presidencies of British India and still earlier, Presidency towns, were the administrative divisions of British governance in the subcontinent.

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President of India

The President of the Republic of India is the head of state of India and the commander-in-chief of the Indian Armed Forces.

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Prime Minister of India

The Prime Minister of India is the leader of the executive of the Government of India.

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Public limited company

A public limited company (legally abbreviated to plc) is a type of public company under the United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland.

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Punjab National Bank

Punjab National Bank (PNB) is an Indian multinational banking and financial services company.

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Punjab, India

Punjab is a state in northern India.

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Regional Rural Bank

Regional Rural Banks (RRBs) are scheduled commercial banks (Government banks) operating at regional level in different States of India.

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Reserve Bank of India

The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee.

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Reserve Bank of India Act, 1934

Reserve Bank of India Act, 1934 is the legislative act under which the Reserve Bank of India was formed.

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Retail banking

Retail banking, also known as consumer banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking.

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Schedule

A schedule or a timetable, as a basic time-management tool, consists of a list of times at which possible tasks, events, or actions are intended to take place, or of a sequence of events in the chronological order in which such things are intended to take place.

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Settlement (finance)

Settlement of securities is a business process whereby securities or interests in securities are delivered, usually against (in simultaneous exchange for) payment of money, to fulfill contractual obligations, such as those arising under securities trades.

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State Bank of India

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company.

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Sutra

A sutra (Sanskrit: IAST: sūtra; Pali: sutta) is a religious discourse (teaching) in text form originating from the spiritual traditions of India, particularly Hinduism, Buddhism, and Jainism.

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Swadeshi movement

The Swadeshi movement, part of the Indian independence movement and the developing Indian nationalism, was an economic strategy aimed at removing the British Empire from power and improving economic conditions in India by following the principles of swadeshi and which had some success.

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Thiruvananthapuram

Thiruvananthapuram, also known as Trivandrum, is the capital and the largest city of the Indian state of Kerala.

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Udupi district

Udupi district in the Karnataka state of India was created in August 1997.

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Usury

Usury is, as defined today, the practice of making unethical or immoral monetary loans that unfairly enrich the lender.

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Varna

Varna (Варна, Varna) is the third-largest city in Bulgaria and the largest city and seaside resort on the Bulgarian Black Sea Coast.

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Vasishtha

Vasishtha (वसिष्ठ, IAST) is a revered Vedic sage in Hinduism.

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Vedas

The Vedas are ancient Sanskrit texts of Hinduism. Above: A page from the ''Atharvaveda''. The Vedas (Sanskrit: वेद, "knowledge") are a large body of knowledge texts originating in the ancient Indian subcontinent.

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Warburg Pincus

Warburg Pincus, LLC is an American private equity firm with offices in the United States, Europe, Brazil, China and India.

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West Bengal

West Bengal (Paśchimbāṅga) is an Indian state, located in Eastern India on the Bay of Bengal.

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World War I

World War I (often abbreviated as WWI or WW1), also known as the First World War, the Great War, or the War to End All Wars, was a global war originating in Europe that lasted from 28 July 1914 to 11 November 1918.

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World War II

World War II (often abbreviated to WWII or WW2), also known as the Second World War, was a global war that lasted from 1939 to 1945, although conflicts reflecting the ideological clash between what would become the Allied and Axis blocs began earlier.

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Yes Bank

Yes Bank is India's fourth largest private sector bank, founded by Rana Kapoor and Ashok Kapur in 2004.

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Redirects here:

Banking in india, History of Banking in India, History of banking in India, Indian Banking Sector, Indian Banks, Indian banking, Innovations in Indian Banking System, Innovations in the Indian banking system.

References

[1] https://en.wikipedia.org/wiki/Banking_in_India

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