Prathama bank, the primary Regional Rural Bank of the nation was set up on second October, 1975 with its Head Office at Moradabad according to the law issued by the Government of India in 1975 and was supported by Syndicate Bank. The Bank is instantly serving the general population in the regions of Moradabad, Jyotiba Phule Nagar and Rampur of Western Uttar Pradesh. The proprietor boat of the Bank has been vested with Govt. of India (half), Syndicate Bank (35%) and Govt. Of Uttar Pradesh (15%).The Bank has 202 branches and has more than 23 lacs customers.
It dates back to the beginning of banking in India. In 1921 the Bank of Bengal, the Bank of Bombay and the Bank of Madras were merged to form the Imperial Bank of India, which subsequently was converted as the State Bank of India in 1955 when the Government took over control of its operations. Today, Mergers and Acquisitions is a term which is hardly used in the banking industry as business deals, but perceived as a strong strategy which can be trusted upon for long run survival and sustenance. It is always taken in a negative sense instead of considering it as a business potential. In the past, whenever the Government felt that a commercial bank had become weak, either financially or managerially, a decision was taken to merge it with some strong bank.
The Kangra Central Co-operative Bank was known as a Zamidara Bank at the time of its registration, and it was functioning through one branch with its head office at Dharamshala. In Jan 1956 the Indora Banking Union was merged into the KCCB and the 2nd branch opened at Nurpur and in Jan 1957 the Palampur Banking Union was merged with the KCCB and the 3rd branch opened at Palampur. November 1966, the hilly areas of Punjab state merged into Himachal Pradesh. The Kangra district, which was previously the province of Punjab, was merged with Himachal Pradesh and Cooperative Banking System of the merged area was also shifted to Himachal Pradesh. As that result, 4 branches of the Hoshiarpur Central Co-operation which operate in Una tehsil were also merged into The Kangra Central Cooperative Bank.
According to Muhamad Muda (1996), the history of Malaysian banking development dates back to more than 130 years ago when the first commercial bank which is the Chartered Mercantile Bank of India, London and China was established in 1859. In July 1913, Kwong Yik (Selangor) Banking Corporation was the first domestic bank in Malaysia. Commercial Bank, finance companies and merchant banks is the early financial structure of Malaysia. On 24 January 1959, the Central Bank which is Bank Negara Malaysia was established under the Central Bank of Malaya Ordinance, 1958 and Bank Negara
2.2.1 BACKGROUND OF THE COMPANY State Bank of Mysore was founded by the great engineer- statesman Sir M vishvesvaraya in 2nd October 1913 and it was further established as Bank of Mysore ltd in 19 may. Under the encouragement of Maharaja krishnaraja wadiyar 4th of Mysore. In 1953 Reserve Bank of India became the agent of State Bank of Mysore to take the responsibility of treasury operations and government business. Under the State bank of India an act 1959 State Bank of Mysore became a subsidiary of State Bank of India. At present State Bank of India hold’s 90% of shares with the paid up capital of 48.01crore.
The commercial banks of the country including the Imperial Bank of India had till then confined their operations to the urban sector and were not equipped to respond to the emergent needs of economic regeneration of the rural areas. In order, therefore, to serve the economy in general and the rural sector in particular, the All India Rural Credit Survey Committee recommended the creation of a state-partnered and state-sponsored bank by taking over the Imperial Bank of India, and integrating with it, the former state-owned or state-associate banks. An act was accordingly passed in Parliament in May 1955 and the State Bank of India was constituted on 1 July 1955. More than a quarter of the resources of the Indian banking system thus passed under the direct control of the State. Later, the State Bank of India (Subsidiary Banks) Act was passed in 1959, enabling the State Bank of India to take over eight former State-associated banks as its subsidiaries (later named
Due to this his interest in studies was disappearing slowly, though Jahangir 's father did not approve of this. Jahangir being an obedient child sold his business and gave his coffee shop on lease. He completed his Inter-Commerce examinations and completed B.Com in 1966 and secured a first division. Career In 1967 Jahangir Siddiqui started to work as a chartered accountant. He became an articled clerk to a firm in Karachi called Gangat & Co which was situated in the Securities & Safe Deposit Chamber on I.I Chundrigar.
The agriculture, small industries and cottage industries were deprived of the facility of bank credit. As bank businesses were not profitable in the rural areas, such areas could not receive banking services. The State Bank of India has become the largest commercial bank of the country. On July 19, 1969, 14 commercial banks of India were nationalized. The objectives behind the nationalization of
Muhammad Yunus at University of Chittagong. He had begun a project in order to research how a credit delivery system can be designed to address the banking needs of the rural poor in Bangladesh. His experiment succeeded and based on the research, National legislation authorized Grameen Bank as an independent bank in October 1983. In 2006, the bank and its originator, Muhammad Yunus, were mutually honored the Nobel Peace Prize. Bank 's "Low-cost Housing Program" won a World Habitat Award in 1998.
In Bangladesh, BRAC Bank is an exclusive profit-making bank pointed on little and moderate Enterprises. On 4th July 2001, BRAC Bank was established to extend the huge amount of unbanked individuals who were not protected by traditional bank. Now at present, 400+ ATM networks are personalized by BRAC Bank. To the enlargement of Bangladesh, BRAC Bank’s aim is to approach with mass financing to allow mass production and mass consumption. Throughout the country, BRAC Bank schemes to set benchmark as the market leader in Bangladesh by creating economic, friendly and fully automatic online service on a successful support pointing to come up with trade funding work to the customers’ door.