Category: Banking

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History of currency ban in India

Taking the nation by surprise, Indian Prime Minister Narendra Modi on 8th November, 2016 night announced demonetization of Rs. 1000 and Rs. 500 notes with effect from midnight. Major reasons behind this action are...

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Bank of Hindustan: First Indian bank

Banking in India originated in the last decades of the 18th century. First bank of India was Bank of Hindustan established inĀ 1770. This bank was established by one of the agency houses in Calcutta...