Search results
Results from the WOW.Com Content Network
State Bank of India. State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank ...
The SBI Library has around 5000 rare books and journals relevant to Indian economic history. The diverse collection includes past banking acts, laws, regulations, reports and commentaries which not only reflect the commercial ambitions of the English East India Company but also highlight the origins and economic trajectory of the State Bank of India.
The Reserve Bank of India, India's central banking authority, was established in April 1935, but was nationalized on 1 January 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b). [ 31 ] In 1949, the Banking Regulation Act was enacted, which empowered the Reserve Bank of India (RBI) to ...
The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BCE in Assyria, India and Sumer. Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting deposits ...
November - SBI Sumishin Net Bank, Ltd. commenced business; 2011 April 14 - Hong Kong Stock Exchange listed on the ( SEHK : 6488 ) On April 27, 2011, SBI Securities, a unit of SBI Holdings, agreed to acquire a 25 percent stake in PT BNI Securities, a subsidiary company of Bank Negara Indonesia for Rp.114 billion ($16.70 million). [8]
Merged with the Madras Bank, The Carnatic Bank, and the British Bank of Madras to form the Bank of Madras in 1843. Madras Presidency. [2][3][4][5] 5. Bank of Calcutta. 1806. 1921. merged with the Bank of Bombay and Bank of Madras in 1921 to form the Imperial Bank of India. Calcutta.
The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770. The oldest bank still in operation is the State Bank of India, whose origins can be traced back to the Bank of Calcutta. It was founded in 1806, though the tenth to be founded.
History. The roots of the State Bank of India lie in the first decade of the 19th century when the Bank of Calcutta later renamed the Bank of Bengal, was established on 2 June 1806. It was one of three Presidency banks, the other two being the Bank of Bombay and the Bank of Madras.