N302 Indian Banking System BBA Unit 1st Notes
BBA-III SEMESTER N302 Indian Banking System Unit-I Notes Objective : The objective is to familiarize the students to understand the practice and procedure of the Indian banking system. Unit I Indian Banking System: Structure and organization of banks, Reserve Bank of India; Apex banking institutions; Commercial banks; Regional rural banks; Co-operative banks; Development banks. EVOLUTION OF BANKING As a public initiative, banking completed its commencement in the twelfth century in Italy. The Bank of Venice, originated in 1157, was the first public banking association.1 Following its institution, were recognized the Bank of Barcelona and the bank of Genoa in 1401 and 1407 respectively. The Bank of Venice and the Bank of Genoa continued to work effectively till the completion of the eighteenth century. The word ‘Bank’ is used i