• The General Bank of India -1786

• Bank of Hindustan -1790

Presidency Banks

• Bank of Calcutta (1806)- Bank of Bengal (1809)

• Bank of Madras (1843) -Joint stock company
• Bank of Bombay (1868)
• Imperial Bank of India (1925)
• Swadeshi Movement
• Royal commission
• RBI-1935
• Nationalization of RBI-1949
• Enactment of Banking Regulation Act in 1949
• RBI Scheduled Banks' Regulations, 1951
• Nationalization of Imperial Bank of India-1955
• Industrial Credit and Investment Corporation of India Limited
(ICICI) -1955
• Industrial Development Bank of India Limited (IDBI) -1964
National Bank for Agricultural and Rural Development (NABARD) – 1982
Board for Industrial & Financial Reconstruction (BIFR) - 1987
* Dominance of private
* To achieve social and developmental goal
* Credit control and allocation
 *
Narasimhan Committee
• Reduction in SLR and CRR
• Gradual deregulation of interest rates.
• All banks to attain Capita Adequacy 8% in a phased manner.
• Banks to make substantial provisions for bad and doubtful debts.
• Profitable and reputed banks be permitted to raise capital from the public.
• Instituting an Assets Reconstruction Fund
• Banks and financial institutions to classify their assets into four broad
groups, viz, Standard, Sub-standard, Doubtful and Loss.

• RBI to be primarily responsible for the regulation of the banking system.

• Larger role for Securities Exchange Board of India (SEBI), particularly as a
market regulator rather than as a controlling authority
* What is bank?
* Purpose of nationalization of bank
* Explain the recommendations of Narasimhan
committee