Talent Management

hopeing Sector The banking system is central to a nations economy. Banks atomic number 18 special as they not only accept and position large amounts of uncollateralized public funds in a fiduciary capacity, but also leverage such funds by means of credit creation. In India, prior to nationalization, banking was restricted mainly to the urban areas and neglected in the rural and semi-urban areas. Large industries and big line of credit houses enjoyed major portion of the credit facilities. Agriculture, small-scale industries and exports did not pose the deserved attention. Therefore, inspired by a larger loving purpose, 14 major banks were nationalised in 1969 and six more in 1980. Since then the banking system in India has played a diametrical role in the Indian economy, acting as an creature of social and frugal change. Banking in India originated in the last decades of the eighteenth century. The first banks were The General Bank of India, which started in 1786, and Bank of Hindustan, which started in India, which originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal. This was one of the three presidency banks, the other two cosmos the Bank of Bombay and the Bank of Madras, all three of which were established nether charters from the British East India Company.

For many years the Presidency banks acted as quasi-central banks, as did their successors. The three banks merged in 1921 to form the over-embellished Bank of India, which, upon Indias independence, became the State Bank of India. The banking system has had to serve the economic policies enunciated in successive five year development plans specially concerning: * Equitable income distribution * Balanced regional economic growth, and * Reduction and liquidation of private sector monopoly in Trade and Industry. The banking sector has been delegate role of providing support to other economic sectors such as agriculture, small-scale industries, exports and... If you want to get a full essay, sound out it on our website: Ordercustompaper.com

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