Industry Profile Introduction The banking in India has its origin as early as Vedic Period. The banking trunk of India should not only be dogfight free but it should be able to meet in the raw challenges posed by the technology and any other outer and internal factors. It is believed that the transition from money lending to banking must reserve occurred even before Manu, the great Hindu Jurist who has dedicate a section of his work to deposits and advances and laid down the rules relating to range of interest. During the days of East India Company it was the turn of the agency houses to throng on the banking business. History The banking system of India should not only be tiff free but it should be able to meet virgin challenges posed by the technology and any other outside and internal factors. For the past three decades Indias banking system has several nifty achievements to its credit. The most striking is its extensive reach. It is no longer trammel to only metropolitans or cosmopolitans in India.
In fact, Indian banking system has reached even to the remote corners of the country. The first bank in India, though conservative, was established in 1786. From 1786 till today, the journey of Indian Banking dodging can be segregated into three distinct phases. They atomic number 18 as mentioned below: ?Early phase from 1786 to 1969 of Indian Banks ? nationalisation of Indian Banks and up to 1991 prior to Indian banking sector Reforms. ? rude(a) phase of Indian Banking System with the advent of Indian financial & Banking Sector Reforms after 1991. If you want to get a ripe essay, order it on our website:
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