Development of banking in India, since 1949

By:

Pandey, K .L

Material type: Text

TextPublication details: Calcutta; Scientific Book Agency; 1968Description: 260 pSubject(s):

Economics

DDC classification:

332.1 PAN

Summary: Banks play an important role in shaping the economic destiny of a nation. After collecting savings of society in the form of deposits they divert them not only to 'profitable channels' but also in 'productive outlets'. The year 1949 marks the beginning of a revolution in the history of Indian banking when the Banking Regulation Act was framed, the RBI was transferred into public ownership for its more responsible role in the planned economy of the country, and the Indian rupee was devalued along with other curren cies of the world. To seek a scientific approach in the treatment of the subject the Study has been aimed at examining developments in the Indian banking from three angles: (a) structural or institutional; (b) operational or functional; (c) pro motional and developmental, An attempt has been made in this book to evaluate how far the banking system of the country responded effec tively to the regulatory measures of banking legislation, and how far the system acted to the advice, guidance. and direction of the RBI, so as to be a fit agency for discharging its duties and responsibilities in the planned economy of India.

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Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Books	Gandhi Smriti Library	332.1 PAN (Browse shelf(Opens below))	Available		2740

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Banks play an important role in shaping the economic destiny of a nation. After collecting savings of society in the form of deposits they divert them not only to 'profitable channels' but also in 'productive outlets'.

The year 1949 marks the beginning of a revolution in the history of Indian banking when the Banking Regulation Act was framed, the RBI was transferred into public ownership for its more responsible role in the planned economy of the country, and the Indian rupee was devalued along with other curren cies of the world.

To seek a scientific approach in the treatment of the subject the Study has been aimed at examining developments in the Indian banking from three angles: (a) structural or institutional; (b) operational or functional; (c) pro motional and developmental,

An attempt has been made in this book to evaluate how far the banking system of the country responded effec tively to the regulatory measures of banking legislation, and how far the system acted to the advice, guidance. and direction of the RBI, so as to be a fit agency for discharging its duties and responsibilities in the planned economy of India.

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