Development, Regulation and Supervision and Recent Performance of Scheduled Commercial Banks
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Central Banking (Elective) — CAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What was the first modern bank established in India?
The Bank of Hindustan, established in 1770, was the first modern bank in India.
What does the 'S' in the CAMELS supervisory framework stand for?
Systems and Controls covering risk management and audit compliance
When was the Imperial Bank of India established?
The Imperial Bank of India was established in 1921 through the amalgamation of the three Presidency Banks.
Which committee's recommendations led to the entry of new private sector banks in India in 1993?
Narasimham Committee recommended private sector bank entry in 1993
Which three banks were amalgamated to form the Imperial Bank of India?
The Bank of Bengal, Bank of Bombay, and Bank of Madras (the three Presidency Banks) were amalgamated in 1921 to form the Imperial Bank of India.
When did the Reserve Bank commence systematic periodical inspections of all banks in India?
RBI commenced systematic periodical inspections from March 1950
What quasi-central banking roles did the Imperial Bank of India perform before the RBI was established?
The Imperial Bank of India managed government accounts and acted as a lender of last resort before the Reserve Bank of India was set up in 1935.
What did the Banking Companies (Inspection) Ordinance of 1946 eliminate regarding bank inspections?
It eliminated the requirement of prior consent of banking companies for inspection
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