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The History of banking in India dates back to the early half of the eighteenth century. 3 Presidency cashboxs that were established in the country that is to say the Bank of Hindustan, Bank of Madras and Bank of Bombay can also be referred to as some of the oldest banking institutions in the country. The State Bank of India that was former known as the Bank of Bengal is also one of the oldest in the genre. To know about the types of banks in India, it is necessary that we first embrace the banking system so as to be able to mention about its various types. | | | every(prenominal) types of Banks in India argon regulate and the activities monitored by a standard bank called the book Bank of India that stands| |at the apex of the banking structure. It is also called the Central Bank, as major banking decisions are taken at this level. The | |other types of banks in India are placed below this bank in the hierarchy.

| | | |The major types of banks in India are as follows: | | | |Public sector banks in India - All government owned banks fall in this variety. Besides the Reserve Bank of India, the State Bank of | |India and its associate banks and about 20 nationalized banks, all comprises of the public sector banks. Many of the regional coarse | |banks that are funded by the government banks can also be clubbed in this genre. | | | |Private sector banks in India - A untested wave in the banking... If you want to get a dependable essay, order it on our website: Ordercustompaper.com

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