E-BANKING SERVICES PROVIDED BY PUBLIC AND PRIVATE SECTOR BANKS IN INDIA: A REVIEW

  • Anuradha Shekhawat, Dr. Mini Amit Arrawatia

Abstract

Banking in India originated inside the first decade of 18th century with the overall
financial institution of India coming into existence in 1786. This become
accompanied by means of financial institution of Hindustan. Each these banks are
now defunct. After this, the Indian authorities hooked up three presidency banks in
India. The primary of the 3 was the bank of Bengal in 1809, the alternative
presidency bank, viz., the bank of Bombay and the financial institution of Madras,
were installed in 1840 and 1843, respectively. The 3 presidency banks have been
ultimately amalgamated into the Imperial financial institution of India (IBI) under
the Imperial financial institution of India Act, 1920 that is now the kingdom bank
of India (SBI).More than one decades later, overseas banks like credit Lyonnais
commenced their Calcutta operations inside the 1850s. That time, Calcutta become
the most energetic buying and selling port, particularly due to the alternate of the
British Empire and because of which banking activity took roots there and
prospered.

Published
2019-10-29
Section
Articles