Banking Evolution: India's Journey - CloudBankin – A digital loan software by Habile Technologies

I am happy to share these interesting Facts about the History of Banking in this Independence day

1) The year where Banking started in India: 1770 (250+ years old)

2) First Bank of India: Bank of Hindustan

3) No of Banks in Pre-Independence period: 600

4) Establishment of RBI in 1935

5) RBI got nationalized in 1949

6) The name of Imperial Bank of India was renamed as SBI in 1955

7) The first credit bureau commenced in 2000 (CIBIL)

Wish you a happy independence day 🙂

#manispeaksmoney #happyindependenceday2023

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