Professional Documents
Culture Documents
Section A
Describe the new guidelines of RBI on New Private Sector Banks and latest
updates.
Explain the three phases of Banking Sector Reforms in India.
The first bank in India was established in 1770. From 1770 till today, the
journey of Indian Banking System can be segregated into three distinct
phases.
Early phase from 1770 to 1969 of Indian Banks..Phase I
Nationalisation of Indian Banks in 1969 and up to 1991 prior to Indian
banking sector Reforms....Phase II
New phase of Indian Banking System with the advent of Indian Financial &
Banking Sector Reforms after 1991....Phase III
Section B