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Evolution of Banking in India by rashi is a document available to read on EtoBox.

The Reserve Bank of India was established in 1934 based on recommendations of the Hilton Young Commission. It started operations on April 1, 1935 as a privately owned bank with most of its capital from private shareholders. In 1949, the RBI was nationalized and became the central bank of India. Between the 1960s-1980s, the government implemented various reforms and controls over banks including social control in 1967, nationalizing major banks in 1969 and 1980, and establishing regional rural banks to boost

Author

rashi

Language

EN