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Bank Of Calcutta
The Bank of Calcutta (a precursor to the present State Bank of India) was founded on 2 June 1806, mainly to fund General Wellesley's wars against Tipu Sultan and the Marathas. It was the first bank of India and was renamed Bank of Bengal on 2 January 1809. History The bank opened branches at Rangoon (1861), Patna (1862), Mirzapur (1862), and Benares (1862). When it became known that the bank intended to open a branch at Dacca, negotiations began that resulted in Bank of Bengal in 1862 amalgamating Dacca Bank (est. 1846). A branch at Cawnpore followed. Among the bank's renowned customers were scholar and politician Dadabhai Naoroji, scientist Jagadish Chandra Bose, India's first President Rajendra Prasad, Nobel laureate Rabindranath Tagore, and educationalist Ishwar Chandra Vidyasagar. The bank was risk averse and would not lend for more than three months, leading to local businessmen, both British and Indian launching private banks, many of which failed. The most sto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Varanasi
Varanasi (; ; also Banaras or Benares (; ), and Kashi.) is a city on the Ganges river in northern India that has a central place in the traditions of pilgrimage, death, and mourning in the Hindu world. * * * * The city has a syncretic tradition of Muslim artisanship that underpins its religious tourism. * * * * * Located in the middle-Ganges valley in the southeastern part of the state of Uttar Pradesh, Varanasi lies on the left bank of the river. It is to the southeast of India's capital New Delhi and to the east of the state capital, Lucknow. It lies downstream of Allahabad (officially Prayagraj), where the confluence with the Yamuna river is another major Hindu pilgrimage site. Varanasi is one of the world's oldest continually inhabited cities. Kashi, its ancient name, was associated with a kingdom of the same name of 2,500 years ago. The Lion capital of Ashoka at nearby Sarnath has been interpreted to be a commemoration of the Buddha's first sermon there ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1861 Establishments In The British Empire
Statistically, this year is considered the end of the whale oil industry and (in replacement) the beginning of the petroleum oil industry. Events January–March * January 1 ** Benito Juárez captures Mexico City. ** The first steam-powered carousel is recorded, in Bolton, England. * January 2 – Frederick William IV of Prussia, Friedrich Wilhelm IV of Prussia dies, and is succeeded by Wilhelm I of Germany, Wilhelm I. * January 3 – American Civil War: Delaware votes not to secede from the United States, Union. * January 9 – American Civil War: Mississippi becomes the second state to secede from the Union. * January 10 – American Civil War: Florida secedes from the Union. * January 11 – American Civil War: Alabama secedes from the Union. * January 12 – American Civil War: Major Robert Anderson (Civil War), Robert Anderson sends dispatches to Washington. * January 19 – American Civil War: Georgia (U.S. state), Georgia secedes from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1861 Establishments In Burma
Statistically, this year is considered the end of the whale oil industry and (in replacement) the beginning of the petroleum oil industry. Events January–March * January 1 ** Benito Juárez captures Mexico City. ** The first steam-powered carousel is recorded, in Bolton, England. * January 2 – Friedrich Wilhelm IV of Prussia dies, and is succeeded by Wilhelm I. * January 3 – American Civil War: Delaware votes not to secede from the Union. * January 9 – American Civil War: Mississippi becomes the second state to secede from the Union. * January 10 – American Civil War: Florida secedes from the Union. * January 11 – American Civil War: Alabama secedes from the Union. * January 12 – American Civil War: Major Robert Anderson sends dispatches to Washington. * January 19 – American Civil War: Georgia secedes from the Union. * January 21 – American Civil War: Jefferson Davis resigns from the United States Senate. * January 26 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1806 Establishments In British India
Eighteen or 18 may refer to: * 18 (number), the natural number following 17 and preceding 19 * one of the years 18 BC, AD 18, 1918, 2018 Film, television and entertainment * ''18'' (film), a 1993 Taiwanese experimental film based on the short story ''God's Dice'' * ''Eighteen'' (film), a 2005 Canadian dramatic feature film * 18 (British Board of Film Classification), a film rating in the United Kingdom, also used in Ireland by the Irish Film Classification Office * 18 (''Dragon Ball''), a character in the ''Dragon Ball'' franchise * "Eighteen", a 2006 episode of the animated television series ''12 oz. Mouse'' Music Albums * ''18'' (Moby album), 2002 * ''18'' (Nana Kitade album), 2005 * '' 18...'', 2009 debut album by G.E.M. Songs * "18" (5 Seconds of Summer song), from their 2014 eponymous debut album * "18" (One Direction song), from their 2014 studio album ''Four'' * "18", by Anarbor from their 2013 studio album '' Burnout'' * "I'm Eighteen", by Alice Cooper commonly r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Tribune (Chandigarh)
''The Tribune'' is an Indian English-language daily newspaper published from Amritsar, Jalandhar, Ludhiana, Bathinda, Chandigarh and New Delhi. It was founded on 2 February 1881, in Lahore, Punjab (now in Pakistan), by Sardar Dyal Singh Majithia, a philanthropist, and is run by a trust comprising five persons as trustees. It is a major Indian newspaper with a worldwide circulation. In India, it is among the leading English daily for Punjab, Haryana, Himachal Pradesh, and the Union Territory of Chandigarh. The present Editor-in-Chief of ''The Tribune'' is Rajesh Ramachandran. Previously he was editor-in-chief of ''Outlook'' magazine. Ramachandran succeeded Harish Khare, who was appointed editor-in-chief of the Tribune Group of newspapers on 1 June 2015, serving until 15 March 2018. ''The Tribune'' has two sister publications: ''Dainik Tribune'' (in Hindi) and ''Punjabi Tribune'' (in Punjabi). Naresh Kaushal, an eminent name in the field of Journalism in North India is the Edi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Banking
The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BCE in Assyria, India and Sumeria. Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting deposits and performing the change of money. Archaeology from this period in ancient China and India also shows evidence of money lending. Many scholars trace the historical roots of the modern banking system to medieval and Renaissance Italy, particularly the affluent cities of Florence, Venice and Genoa. The Bardi and Peruzzi Families dominated banking in 14th century Florence, establishing branches in many other parts of Europe. Hoggson, N. F. (1926) ''Banking Through the Ages'', New York, Dodd, Mead & Company. The most famous Italian bank was the Medici Bank, established by Giovanni Medici in 1397.Goldthwaite, R. A. ''Banks, Places and Entr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In India
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791. The largest and the oldest bank which is still in existence is the State Bank of India (SBI). It originated and started working as the Bank of Calcutta in mid-June 1806. In 1809, it was renamed as the Bank of Bengal. This was one of the three banks founded by a presidency government, the other two were the Bank of Bombay in 1840 and the Bank of Madras in 1843. The three banks were merged in 1921 to form the Imperial Bank of India, which upon India's independence, became the State Bank of India in 1955. For many years, the presidency banks had acted as quasi-central banks, as did their successors, until the Reserve Bank of India was established in 1935, under the Reserve Bank of India Act, 1934. In 1960, the State Banks of India was g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of India
The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Nashik (Western India) and Dewas (Central India). RBI established the National Payments Corporation of India as one of its specialised division to regulate the payment and settlement systems in India. Deposit Insurance and Credit Guarantee Corporation was established by RBI as one of its specialised division for the purpose of providing insurance of deposits and guaranteeing of credit facilit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dwarkanath Tagore
Dwarkanath Tagore ( bn, দ্বারকানাথ ঠাকুর, ''Darokanath Ţhakur''; 1794–1846) was one of the first Indian industrialists to form an enterprise with British partners. He was the son of Ramlochon Tagore, the founder of the Jorasanko branch of the Tagore family. He was also the grandfather of Rabindranath Tagore. Childhood Dwarkanath Tagore was a descendant of Rarhiya Brahmins of the Kushari (Sandilya gotra) division. Their ancestors were called Pirali Brahmin. On 12 December 1807, Ramlochan died leaving all his property to his adopted son Dwarkanath, who was then a minor. This property consisted of zamindari estates governed by the Regulations of Permanent Settlement introduced by Lord Cornwallis in 1792. The Zamindars were the ruling authority of a certain sub-division or region under the British ruling authority in India and had the authority to collect tax or to rule their fellow residents inside the territory on behalf of the British Government. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ishwar Chandra Vidyasagar
Ishwar Chandra Vidyasagar CIE ( bn, ঈশ্বর চন্দ্র বিদ্যাসাগর; 26 September 1820 – 29 July 1891), born Ishwar Chandra Bandyopadhyay, was an Indian educator and social reformer of the nineteenth century. His efforts to simplify and modernise Bengali prose were significant. He also rationalised and simplified the Bengali alphabet and type, which had remained unchanged since Charles Wilkins and Panchanan Karmakar had cut the first (wooden) Bengali type in 1780. He was the most prominent campaigner for Hindu widow remarriage, petitioning the Legislative Council despite severe opposition, including a counter petition (by Radhakanta Deb and the Dharma Sabha) which had nearly four times as many signatures. Even though widow remarriage was considered a flagrant breach of Hindu customs and was staunchly opposed, Lord Dalhousie personally finalised the bill and the ''Hindu Widows' Remarriage Act'', ''1856'' was passed . Against child marriage,e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rabindranath Tagore
Rabindranath Tagore (; bn, রবীন্দ্রনাথ ঠাকুর; 7 May 1861 – 7 August 1941) was a Bengali polymath who worked as a poet, writer, playwright, composer, philosopher, social reformer and painter. He reshaped Bengali literature and music as well as Indian art with Contextual Modernism in the late 19th and early 20th centuries. Author of the "profoundly sensitive, fresh and beautiful" poetry of ''Gitanjali'', he became in 1913 the first non-European and the first lyricist to win the Nobel Prize in Literature. Tagore's poetic songs were viewed as spiritual and mercurial; however, his "elegant prose and magical poetry" remain largely unknown outside Bengal. He was a fellow of the Royal Asiatic Society. Referred to as "the Bard of Bengal", Tagore was known by sobriquets: Gurudev, Kobiguru, Biswakobi. A Bengali Brahmin from Calcutta with ancestral gentry roots in Burdwan district* * * and Jessore, Tagore wrote poetry as an eight-yea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
