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Here are the key points about the history and development of banking in India: - Banking originated in India in the late 18th century with banks like Bank of Hindustan and General Bank of India. - The banking sector development is divided into three phases - early phase pre-1969, nationalization phase 1969-1991, and post-liberalization phase post-1991. - Prior to independence in 1947, over 600 banks were registered but only a few survived. Major banks included Bank of Bengal, Bank of Bombay, Bank of Mad

Author
Aniket Yadav
Language
EN

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