Banks

1770- Bank of Hindustan 1st bank in India.

1st national bank - Bank of allahabad(1805), also oldest public sector bank.
Allahabad bank has an branch in Antarctica.
Presidency bank- 1st to start Savings accounts service.
Bengal bank- 1st to start Check dealing
Banking Ombudsmen formed in 1995.

Reserve bank of India(1935) ;--
RBI formed on the report of Hilton-Young commission-(Royal commission of Indian currency & finance) in 1926.
Reserve bank act passed in 1934 & RBI formed 1935 April 1 (Capital 5 crore).
Nationalized on 1949 January 1
Headquarters- Mumbai
1st governor -Sir Osborne Smith(1935-37).
2nd governor- J B Taylor
3rd governor & 1st Indian governor of RBI- CD Desmukh.
15th governor- Manmohan Singh.
14 Indian banks were nationalized for the 1st time in 1969,July 9, each had a capital in excess of 50 Crores. 2nd nationalization on 1980, April 15- six banks- at the time of Indira Gandhi, the then prime minister.
Tiger & Palm oil makes the RBI symbol.
RBI introduced lead bank scheme in December 1969.

Bharatia Mahila Bank ;--
Inaugurated on the 96th birth anniversary of Indira Gandhi.
Merged with SBI.

The National Bank for Agriculture & Rural Development(NABARD) ;--
Started on recommendations of B. Sivaraman committee report of 1981, with initial capital of 100 crore. Bank dedicated to service by Indira Gandhi on 5th Nov 1982.
Headquarters- Mumbai

MUDRA bank-(Micro Units Development Refinance Agency)
Started 2015 April 8, Hq at New Delhi.
Banking Ombudsmen (2006)
15 ombudsmen at state level.

State Bank of India(SBI)(1955) ;--
India's largest public sector bank.
Imperial bank of India nationalized in July 1, 1955 renamed as State Bank of India.
Imperial bank performed the functions of Central Bank of India before starting RBI.

Punjab Bank- formed in 1895(Lahore) by Lala Lajputh Rai.

Nedungadi bank dissolved in PNB(1993).
India's 1st private bank - Axis bank(UTI bank) - 1994.
India's 1st bone bank is at Chennai.
Citi union bank is the to 1st place a banking robot in India named 'lakshmi'.
ICICI- Industrial Credit & Investment Corporation of India.

HDFC ;--
India's 1st online banking venture.
1st Indian bank to cross Rs 5 trillion Market capitalization.

Exim bank ;--
The bank under the central government focusing on all institutions related to imports & exports. Formed in 1982 as a result of export-import bank of India Act(1981).

Canara bank ;--
Founded in 1906, headquarters is at
Bengaluru.

Kerala Gramin Bank ;--
Called 'Kerala's Own Bank'.
India's largest Regional rural bank & Only Regional rural bank of Kerala.
Formed on 8th July 2013 merging North Malabar & South Malabar Gramin Banks.
North & South MGBs formed in 1976.
Hq at Malappuram.
State & Centre Govt own KGB, sponsored by Canara bank.

Syndicate Bank ;--
Founded by TMA Pai, Upendra Pai, Vaman Kudva in 1925.
Headquarters at Manipal(Karnataka).

IFSC- Indian Financial System Code is a 11 digit character code to identify individual bank branches doing online money transfers like NEFT & RTGS.

Repo rate- rate at which banks borrow funds from RBI.
Bank rate- rate at which RBI lends money to other banks.

Mangala Bank;--
Beggars bank formed near Ma mangala Gowri temple, Gaya(Bihar).Only beggars are the members. Loans are given at low rates.