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Banking Updates: Did you Know?

IndianMoney.com Research Team | Updated On Wednesday, December 26,2018, 05:22 PM

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Banking Updates: Did you Know?

 

 

Banking Updates

Did You know?

  • Bank of Bengal, Bank of Bombay and Bank of Madras merged to form the Imperial Bank of India, which was named as State Bank of India Post Independence.
  • Allahabad Bank was established in 1865 and it is the oldest Joint Stock Bank in India.
  • Reserve Bank of India was nationalised in 1948 , it became a Government owned Institution
  • In 1948 the Banking Regulation Act was enacted and RBI was empowered to regulate, control and inspect the banks in India.
  • The first Indian bank to be given an ISO certification is Canara Bank.

See Also: Banking Regulation Act

 

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IndianMoney.com Research Team

The research team at IndianMoney.com comprises of certified and experienced professionals who share the company's vision to make every Indian financially literate by equipping every Indian with right and unbiased advice. IndianMoney.com research team provides newsletters, articles, videos and FAQs on various financial products and concepts only to help you make wise financial decisions.

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