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| Article Name : | | | SPECTACULAR PROGRESS OF NATIONALIZED BANKS IN INDIA | | Author Name : | | | Chitte G.N. | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | ROR-844 | | Article : | |  | Author Profile | | Abstract : | | | Commercial banks have been in existence in India since the 18th Centaury Earlier they were established on unlimited liability basis. Hindustan Bank" was established in the year 1770 but unfortunately it was failed in the year 1832. After 1860 banks were started on limited liability basis. Three presidency banks were established sub sequently Bank of Bengal 1809, Bank of Bombay 1840 and Bank of Madrass 1843. Imperial Bank of India was constituted in the year 1920. While amalgamating above three presidency banks into a single bank. | | Keywords : | | - commercial banks
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