The first bank in India“Bank of Hindustan” established

First general insurance company established in year.

Bombay Stock Exchange (BSE) started trading in

Oriental Life Insurance Company established

Bank of Bengal, Bank of Madras and Bank of Bombay were merged into Imperial Bank

Establishment of “Hilton-Young Commission” to suggest a central bank for the country

Establishment of “Reserve Bank of India” as the central bank

Control of Capital Issues Act imposed

Establishment of Industrial Finance Corporation (IFC).

Life Insurance Company of India (LIC) was established

Insertion of a new Chapter in RBI Act, 1934 to effectively supervise, control and regulate NBFCs

Establishment of Industrial Development Bank of India(IDBI)

Deposit insurance extended to co-operative banks

Establishment of Regional Rural Banks

Establishment of Small Industries Development Bank of India

US Federal Reserve was established in ?

Secularization and Reconstruction of financial Assets and Enforcement of security interest act was enacted in ?

Central Banking Inquiry committee was set up in ?

Presidency Bank Act came into existence in ?

District Credit Plans were initiated in ?

Dena bank was established in ?

Punjab National Bank was set up at Lahore in ?

The small coins (Offenses) Act was enacted in ?

A minimum lending rate was prescribed on all loans, except for the priority sector in ?

Interest rate ceilings on NR & Deposits were linked to LIBOR / SWAP rates in ?

Bank of India was set up in ?

Agricultural Refinance Corporation of India was set up in ?

A new foreign currency Non-Resident Deposits (Banks) scheme was introduced in ?

Allahabad Bank was set up in?