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  1. 14. Sept. 2023 · Indian oil companies are considering using around $600 million of their dividend income from Russia to buy oil from the country. Due to tough Western sanctions following Russia's invasion of Ukraine, the companies have been unable to repatriate their dividend income. One option being explored is loaning the money to entities buying oil from Russia, who would then repay the loan in India ...

  2. 15. Dez. 2020 · The Indian banking sector can be categorized into two eras, viz., pre-liberalization era and post-liberalization era. In the pre-liberalization era, Government of India initially nationalized 14 banks on July 19, 1965 and later on six more commercial banks on 15 April 1980. In the year 1993, government merged the New Banks of India and Punjab National banks reducing the number of nationalized ...

  3. 15. März 2024 · Citation: 1978 AIR 1263. The case of State Bank of India vs Shyama Devi is a landmark judgement that discusses the principles of vicarious liability and the responsibility of a bank in safeguarding the interests of its customers. The case revolves around a dispute between the State Bank of India (SBI) and its customer, Shyama Devi, regarding ...

  4. Die Ursprünge der Bank lassen sich bis in das Jahr 1806 zurückverfolgen, als die Bank of Calcutta (die später die Bank of Bengal genannt wurde) gegründet wurde. Im Jahr 1921 wurden die Bank von Bengal und zwei andere Banken (Bank of Madras und Bank of Bombay) zu der Imperial Bank of India zusammengeführt. Im Jahr 1955 erwarb die Reserve Bank of India die Mehrheitsbeteiligung der Imperial ...

  5. Republic India: Towards a Planned Economy - 1950 to 1960. Date. Event. Oct 1950. Department of Banking Development created together with the new post of Executive Director. 1951. Reserve Bank of India (Amendment) Act, 1951 enabled the Bank to become Banker to Part B states after executing agreements with them. First Five Year Plan launched.

  6. 23. Aug. 2023 · The first and foremost logo of the State Bank of India came into existence in 1955. In the first SBI logo, we can see a big banyan tree. SBI Logo Meaning of the big banyan tree symbolizes the strong roots and branches of the bank. In the logo, we can see that the roots and branches are spread all over it representing the development, steadiness ...

  7. However, in modern parlance, the first commercial bank was the Imperial Bank of India, which evolved by merging the three presidential banks in 1935. The first Indian-owned bank, Allahabad Bank, which is still functional, was set up in 1865 in Allahabad, followed by the establishment of another large bank in 1985 – the Punjab National Bank.