History of indian banking
1720-bank of bombay
1st governor >>> sir osborne smith
1770- bank of hindustan
after 30-40 yr these banks closed
present ERA
1 allahbad bank (1865) - oldest
H.O.-Calcutta
- 1806 bank of bengal
- 1840 bank of bombay
- 1843 bank of madras
by merging all of these there banks british government established presidency bank on 27 jan 1921 it became imperial bank of india after independence of india in 1955 it became state bank of india present times most powerful public sector bank. so we can see here roots of state bank of india are in imperial bank of india .
1 aprail 1935-- RESERVE BANK OF INDIA
| HQS AT THE TIME OF STARTING | CALCUTA |
| NOW | MUMBAI |
01 JANUARY 1949 IT NATIONALISED
- 1969> commercial bank nationalised total 14 banks nationalised that time after that 6 more bank naionalised in 1980.
CURRENCY
security thread contains
- metal >> silver
- windowed
- blue /dark green
- on silver metal thread notes of 5-500 bharat RBI written and on 1000 bharat 1000 RBI
total 17 language contain a note 2 language front side are english and hindi and 15 are written on backside 1st is asameez and 15th is urdu.
note:these 15 language are taken by constitution 8th list .
RBI= reserve bank of india
- rbi act -1934
- established - 01.04.1935 ( 1 aprail 1935) on basic of hilton-yung commission .
board of director ( 20 members )
head office in mumbai and 4 local boards offices are situated in delhi,calcutta , mumba,i chennai .
> 1=governor
4= deputy governor
4=local boards
11= others
present deputy governors
1. urjit patel
2. h.r. khan
3, r.s. gandi
4. s.s. mundra
>>> currency dealing depatment held by senior most deputy governor so now h.r. khan is the head of issue dept.
>> 557.75 metric tones gold currency have india in custody of bank of england .
1st governor >>> sir osborne smith
2nd governor >>> james taylor
rbi is natonalise 01.01.1949
1st indian governor === C.D. desmukh
present governor of india == raghuram govind rajan . he is 23rd governor of india .and 22nd governor of india was d.subbarao .
Offices
regional office 19
sub offices 9
total 28
New Banking licence procedure :-
- in july 2013 rbi start the process
- paidup capital== 500 crore
- 10 yr. experience in any field
- total 27 application received by rbi from them 2 backed
- vimal jalan committee read applications and in feb 2014 submitted repot to rbi
- in march 2014 rbi gives license to 2 banks
- IDFC ltd.
- BANDHAN MICROFINANCE
- condition is that have to start bank under 18 month and 25% branch of bank will open in rural and un-branched area
- 1993-ICICI , AXIS, HDFC
- 2001- YES,KOTAK MAHINDRA
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