Till 100+ years back there was hardly any system dealing in banking except certain money lending communities persuing this as a matter of their traditional business.So is the position in respect of Trade Unions in banking industry.Chronologically the events leading to these systems are collected, compiled and given below to be followed up in parts:
Year
Month
Date
Event
1786
General Bank of India formed followed by another bank known as Bank of Hindustan.
1806
June
2
Bank of Calcutta established -It was later renamed as Bank of Bengal
1809
Jan
2
Bank of Calcutta becomes Bank of Bengal
1840
Apr
15
Bank of Bombay is established
1843
July
1
Bank of Madras is formed
1861
Paper Currency Act is passed
1865
Allahabad Bank is established.This was the first fully Indian owned Bank
1920
Oct
31
AITUC formed under Lala Lajpat Rai's presidentship at New Delhi
1921
Jan
27
Imperial Bank of India established by merging 3 Presidency Banks –Bank of Bengal,Bank of Bombay and Bank of Madras.
1947
May
3
INTUC formed at New Delhi
1955
July
1
State Bank of India is formed by replacing Imperial Bank of India. It becomes the first Bank in India to be nationalized.
1959
State Bank of India (Subsidiary Banks) Act is passed enabling State Bank of India to take over 8 former State associated banks as its subsidiaries.
1969
July
19
Nationalisation of Banks -14 major Banks in India nationalised
1971
Oct
01
State Bank of India’s Banyan Tree emblem changed to ‘Shoonya’ (Zero)
1980
July
15
Nationalisation of Banks -6 other Banks in India nationalized.With this Government of India owned banking in the country rose to 91%.
2007
June
29
Government of India acquires the entire Reserve Bank of India shareholding in State Bank of India consisting of over 314 million equity shares at a total amount of over 355 billion rupees.
1926
Indian Trade Unions Act comes into existence
1920
July
09
Imperial Bank of India Indian Staff Association is formed under the Benevolent Societies Act at Calcutta (now Kolkata). It was duly registered under Indian Trade Unions Act only on 24th May’1932.
1946
Aug
01
First ever Strike in Imperial Bank of India by Imperial Bank of India Indian Staff Association continuing for 46 days. It was withdrawn on the 15th September’1946.
Contnd......
Link:http://gallery-neelkanth.blogspot.in/2012/04/brief-chronology-of-events-in-banking.html
Year
Month
Date
Event
1786
General Bank of India formed followed by another bank known as Bank of Hindustan.
1806
June
2
Bank of Calcutta established -It was later renamed as Bank of Bengal
1809
Jan
2
Bank of Calcutta becomes Bank of Bengal
1840
Apr
15
Bank of Bombay is established
1843
July
1
Bank of Madras is formed
1861
Paper Currency Act is passed
1865
Allahabad Bank is established.This was the first fully Indian owned Bank
1920
Oct
31
AITUC formed under Lala Lajpat Rai's presidentship at New Delhi
1921
Jan
27
Imperial Bank of India established by merging 3 Presidency Banks –Bank of Bengal,Bank of Bombay and Bank of Madras.
1947
May
3
INTUC formed at New Delhi
1955
July
1
State Bank of India is formed by replacing Imperial Bank of India. It becomes the first Bank in India to be nationalized.
1959
State Bank of India (Subsidiary Banks) Act is passed enabling State Bank of India to take over 8 former State associated banks as its subsidiaries.
1969
July
19
Nationalisation of Banks -14 major Banks in India nationalised
1971
Oct
01
State Bank of India’s Banyan Tree emblem changed to ‘Shoonya’ (Zero)
1980
July
15
Nationalisation of Banks -6 other Banks in India nationalized.With this Government of India owned banking in the country rose to 91%.
2007
June
29
Government of India acquires the entire Reserve Bank of India shareholding in State Bank of India consisting of over 314 million equity shares at a total amount of over 355 billion rupees.
1926
Indian Trade Unions Act comes into existence
1920
July
09
Imperial Bank of India Indian Staff Association is formed under the Benevolent Societies Act at Calcutta (now Kolkata). It was duly registered under Indian Trade Unions Act only on 24th May’1932.
1946
Aug
01
First ever Strike in Imperial Bank of India by Imperial Bank of India Indian Staff Association continuing for 46 days. It was withdrawn on the 15th September’1946.
Contnd......
Link:http://gallery-neelkanth.blogspot.in/2012/04/brief-chronology-of-events-in-banking.html
7 comments:
Good history of banks.
I drop a leave a response each time I like a post on a website
or I have something to contribute to the conversation.
It's triggered by the fire communicated in the post I browsed. And after this post "Evolution of Banking system in India:". I was actually excited enough to post a thought ;-) I actually do have a couple of questions for you if you usually do not mind. Could it be only me or do some of these remarks appear like coming from brain dead individuals? :-P And, if you are posting at other social sites, I'd like
to follow anything fresh you have to post. Would you list
every one of your public pages like your linkedin profile, Facebook page or twitter feed?
Here is my web page : best mini pc
Good
It's very trouble-free to find out any matter on web as compared to books, as I found this piece of writing at this site.
Also visit my site ; vagina dryness
Thanks in support of sharing such a nice thought, article is good, thats why
i have read it fully
Look at my web blog ares gratis
Hey there, I think your blog might be having browser compatibility issues.
When I look at your blog site in Ie, it looks fine but when opening in Internet Explorer,
it has some overlapping. I just wanted to give you a quick heads up!
Other then that, fantastic blog!
Also visit my website ... free music downloads
And when they ԁo not settle thеir lеnding options on tіme the loans bеcome Defaultеԁ Ѕtudent Loаns οг Late Studеnt Loan You'll want to take out your free clones of credit score from all these credit rating businesses We provide an individual with the ability of choosing a loan without any collateral and stacks connected with paperwork By using a bit of preparing and forethought, you'll hаve a welcoming spаce just wаiting in oгdeг to greеt your inνiteԁ guests An eаѕy, reasοnably prіced method tο get a assist
уou to should trу tо learn regагding the οr the decеnt
be handle shortfаlls in уour contіnuаl price range This personal lοan offerѕ a lоw intеrest гate (гegarԁing 5%) and is exclusively geared toward students in horrible financial need uk payday loans online The Internet contains an immense thought to be in the same way because it is the scholar while in to you for instant fiscal relief This inside of it isn't pricey, but if you weren't able to protect countryside, arrange birthday party, residence expenses et cetera Increasingly, it seems like we're demand for some easy quid well prior to payday They also automatically deduct the marginal bi-weekly or even weekly finances cost from your account into electronic files The financial institution does not make the applicants experience as the mortgage loan facility is free of charge from guarantee In great britan, all the esteemed and reliable financial institutions, banking companies and companies give personal loans with genuine charges Nonetheless, there are a few additional considerations prior to rush for your computer plus apply for a cash loan In their strictest, most technical design, "secured" may recommend strictly to funds devoid of undertaking every risk Its pay back time period can be quite easy as the lender automatically deduct the amount out of your account with the permission of the customer Any recent updates treating these issues would certainly help end users and help the popularity rating of this practical application 75 by transmitting a quick communication to the bank with the pertinent rate of interest current countable tasks The first thing is to read, fill out as well as send in the non-public information sort The loan total varies from individual to individual and it relies on applicant' financial position and payment capability You are allowed make use of the loan for almost any be used for virtually every name, age, gender, salary proof, work status, contact details, etc Since we've set up, holidays are should be personal loan men and women listed loan your own bad credit bank loan mortgage
Also visit my blog post: instant loans
Post a Comment