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Indian banking sector essay - introduction (graphics not included) this report aims to provide an overview of banking sector in india for the purpose of expansion planning the overview will be broadly divided into two parts: indian banking system and bank-like financial institutions. Here is your free essay on banking nupur singh section 5(1) defines banking company as, any company which transacts the business of banking in india.
Allahabad bank was the first fully indian owned bank the reserve bank of india was established in 1935 followed by other banks like punjab national bank, bank of india, canara bank and indian bank in 1969, 14 major banks were nationalized and in 1980, 6 major private sector banks were taken over by the government today, commercial. Indian financial system & indian banking sector: a development bank of india (idbi) banking business has been brought about through the.