Financial Performance of Nationalized Banks in India: A Comparative Study on the Financial Performance of Nationalized Banks in India - Couverture souple

Palipati, P. B. Reddy

 
9783847330554: Financial Performance of Nationalized Banks in India: A Comparative Study on the Financial Performance of Nationalized Banks in India
Couverture souple
ISBN 10 : 3847330551 ISBN 13 : 9783847330554
Editeur : LAP LAMBERT Academic Publishing, 2012

Synopsis

Indian merchants in Calcutta established the Union Bank in 1839, but it failed in 1848 as a consequence of the economic crisis of 1848-49. The Allahabad Bank, established in 1865 and still functioning today, is the oldest Joint Stock bank in India, It was not the first though. That honor belongs to the Bank of Upper India, which was established in 1863, and which survived until 1913, when it failed, with some of its assets and liabilities being transferred to the Alliance Bank of Simla. When the American Civil War stopped the supply of cotton to Lancashire from the Confederate States, promoters opened banks to finance trading in Indian cotton. With large exposure to speculative ventures, most of the banks opened in India during that period failed. The depositors lost money and lost interest in keeping deposits with banks. Subsequently, banking in India remained the exclusive domain of Europeans for next several decades until the beginning of the 20th century.

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Présentation de l'éditeur

Indian merchants in Calcutta established the Union Bank in 1839, but it failed in 1848 as a consequence of the economic crisis of 1848-49. The Allahabad Bank, established in 1865 and still functioning today, is the oldest Joint Stock bank in India, It was not the first though. That honor belongs to the Bank of Upper India, which was established in 1863, and which survived until 1913, when it failed, with some of its assets and liabilities being transferred to the Alliance Bank of Simla. When the American Civil War stopped the supply of cotton to Lancashire from the Confederate States, promoters opened banks to finance trading in Indian cotton. With large exposure to speculative ventures, most of the banks opened in India during that period failed. The depositors lost money and lost interest in keeping deposits with banks. Subsequently, banking in India remained the exclusive domain of Europeans for next several decades until the beginning of the 20th century.

Biographie de l'auteur

Dr.P.B.Reddy PhD, MTech(CSE), MBA, LL.M (CAL), LL.M(CSL), LL.M(TCL), LL.M(LL), and gold medalist and research scholar in the National Law School of Indian University Bangalore , he also published 20 articles in different journals

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2012
Langue
anglais
ISBN 10 
3847330551
ISBN 13 
9783847330554
Reliure
Broché
Nombre de pages
380
Coordonnées du fabricant
non disponible
Personne responsable
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