1.

Which were the banks established in the first phase of the growth of banks in India? What was the peculiarity of this period?

Answer»
  • The first phase in the growth of banks in India stretches from 1770 to bank nationalization (1969). 
  • In this phase, the English East India Company established the Presidency Banks of Bank of Bengal, Bank of Bombay and Bank of Madras. 
  • The growth and operations of the banks in this phase were slow. 


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