History of Banking in India Beginning of Banking in India The phase leading up to independence laid the foundations of the Indian banking system. The first bank of a joint stock variety was Bank of Bombay, established in 1720 in Bombay. It failed in 1770 This was followed by Bank of Hindustan in Calcutta , which was established in 1770 . The bank was closed down in 1832. Presidency Banks The first ‘Presidency bank’ was the Bank of Bengal established in Calcutta on June 2, 1806 with a capital of Rs.50 lakh. The bank was given powers to issue notes in 1823. The Bank of Bombay was the second Presidency bank set up in 1840 with a capital of Rs.52 lakh. The Bank of Madras the third Presidency bank established in July 1843 with a capital of Rs.30 lakh. Why Presidency Banks?- They were known as Presidency banks as they were set up in the three Presidencies that were the units of administrative...
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The Gds Vocabulary For All Competitive Exams | 25-09-2022 📰 ( Sunday - 09:05am ) 📰 1. SCATHING (ADJECTIVE): :devastating Synonyms : withering, blistering Antonyms: mild Example Sentence: she launched a scathing attack on the Prime Minister 2. IMPENDING (ADJECTIVE): : imminent Synonyms: at hand, close Antonyms: remote Example Sentence: The impending crisis over trade made everyone nervous 3. TARDINESS (NOUN): : lateness Synonyms: delay, retardation Antonyms: punctuality Example Sentence: Forgive my tardiness, I had some very important business to attend to. 4. FLOUT (VERB): : defy Synonyms: go against, scorn Antonyms: observe Example Sentence: They flouted the norms simply by being who they are. 5. ARDUOUS (ADJECTIVE): : onerous Synonyms: taxing, difficult Antonyms: easy Example Sentence: In those days, a trip to the West was an arduous journey. 6. BAR (PREPOSITION): : apar...
The Gds Vocabulary For All Competitive Exams | 24-09-2022 📰 ( Saturday - 09:05 am ) 📰 1. CONTEND (VERB): : Face Synonyms: Cope with, Grapple with Antonyms: Surrender, Allow Example Sentence: She had to contend with his uncertain temper. 2. BAR (VERB): : Prohibit Synonyms: Debar,Preclude Antonyms: Admit, Accept Example Sentence: Journalists had been barred from covering the elections. 3. SANCTIFY (VERB): : Consecrate Synonyms: Bless, Ordain Antonyms: Deconsecrate Example Sentence: He was consecrated bishop of York. 4. FURNISH (VERB): : Supply Synonyms: Equip, Provide Antonyms: Divest Example Sentence: Fish furnish an important source of protein. 5. INCONSPICUOUS (ADJECTIVE): : Unnoticeable Synonyms: Unobtrusive, Unremarkable Antonyms: Conspicuous, Noticeable Example Sentence: That was an inconspicuous red-brick building. 6. VAUNT (VERB): : Boast Synonyms: Show off Antonyms: ...
The Gds Vocabulary For All Competitive Exams | 23-09-2022 📰 ( Friday - 09:05am ) 📰 1. CHAOTIC (ADJECTIVE): : disorderly Synonyms: disordered, disorganized Antonyms: orderly Example Sentence: The administration of finance was as chaotic as the condition of parliament. 2. VULNERABLE (ADJECTIVE): : at risk Synonyms: endangered, unsafe Antonyms: invulnerable Example Sentence: Children are the most vulnerable members of society. 3. SPURN (VERB): : refuse Synonyms: decline, reject Antonyms: adore Example Sentence: He spoke gruffly, as if afraid that his invitation would be spurned. 4. RETREAT (VERB): : withdraw Synonyms: retire, draw back Antonyms: advance Example Sentence: When the enemy attacked, our troops were forced to retreat. 5. MOUNT (VERB): : increase Synonyms: grow, rise Antonyms: decrease Example Sentence: The costs mount up when we buy a home. 6. LAX (ADJECTIVE): : slack Synonym...
The Gds Vocabulary For All Competitive Exams | 22-09-2022 📰 ( Thursday - 09:05am ) 📰 1. FEASIBLE (ADJECTIVE): : practicable Synonyms: practical, workable Antonyms: impractical Example Sentence: It is not feasible to put most finds from excavations on public display. 2. ONGOING (ADJECTIVE): : in progress Synonyms: under way, going on Antonyms: finished Example Sentence: Training is part of our ongoing career development program. 3. DISCLOSURE (NOUN): : revelation Synonyms: divulgence, declaration Antonyms: concealment Example Sentence: He cannot prevent the disclosure of information. 4. THRIFT (NOUN): : providence Synonyms: prudence, economy Antonyms: profligacy Example Sentence: We have been raised with the the values of thrift and self-reliance. 5. INCUMBENT (ADJECTIVE): : binding Synonyms: obligatory, mandatory Antonyms: optional Example Sentence: The government realized that it wa...
1. TACTICAL (ADJECTIVE): : Calculated Synonyms: Planned, Plotted Antonyms: Unwise Example Sentence: In a tactical retreat, she moved into a hotel with her daughters. 2. INAUGURATE (VERB): : Initiate Synonyms: Begin, Start Antonyms: Wind up Example Sentence: He inaugurated a new policy of trade and exploration. 3. ANXIOUS (ADJECTIVE): : Worried Synonyms: Concerned, Apprehensive Antonyms: Carefree Example Sentence: She was extremely anxious about her exams. Share this post Gds current Vocabulary Follow on Pinterest RBI POLICY RATES Bank Rate : 5.15% Repo Rate : 4.90% Reverse Repo Rate : 3.35% MSF : 5.15% CRR : 4.50% SLR : 18% More comands 1. Phrasal verbs 2 . Spreadsheet 3. Fruit vocabulary 4. Kitchen vocabulary 5. Birds vicabulary 6. Vegetable vocabulary 7. More Vocabs 8. Images Vocabs & full forms