The Evolution Of The State Bank Of India

&Nbsp; Playing A Part In The Story Is A Cast Of Bankers Who Left Their Imprint On The Bank&Rsquo;S Policies, Practices And Character, Among Them A Series Of Remarkable Chairmen, Not To Speak Of The Hundreds Of Dedicated Officers And Other Employees Who Helped Establish The Bank&Rsquo;S Pre-Eminence And Provide Leadership To The Banking System. &Nbsp; The State Bank Of India Act Received The President&Rsquo;S Assent On 8 May 1955, And On 1 July, Moving With Remarkable Swiftness, The New Bank Came Into Being. The Purpose Was To Create An Institution That Would Form An Essential Part Of The Country&Rsquo;S Plans For Modernization, Envisaged In The Era Of Economic Planning. The Bank Would Have Its Roots Firmly Planted In The Countryside Through A Network Of Branches That Spanned The Country&Rsquo;S Farthest Corners, And Play A Major Role In National Development. In Volume 4 Of The Evolution Of The State Bank Of India We Are Taken Into The Heart Of The Entire Exercise, Ranging From The Organizational Issues Posed By A Rapidly Expanding Network Of Branches Running Into The Thousands To Those Of Motivating A Huge Workforce, Besides The Problems Of Venturing Into Areas Of Banking&Mdash;Such As Development Banking Geared To The Needs Of The Artisan And The Farmer&Mdash;That Had Not Been Tried Before.

In this meticulously researched first volume, economic historian Dr. A.K. Bagchi draws on previously inaccessible State Bank archives to detail the unique evolution of India's premier banking institution from its beginnings to the end of the 19th century.

An AltaMira Press Book Nearing its 200th birthday, the oldest and largest commercial bank in India has been the sole banker to its government. The Evolution of the State Bank of India chronicles the momentous changes in economy, demography, and society from the late 19th to the early 20th century. From the maturation of the nascent nationalist movement to the emergence of Mohandas Gandhi, three pioneering joint-stock banks (Bengal, Bombay, and Madras) united. This analysis of the State Bank's activities highlights the monetary and economic history of India. It is an invaluable resource for students of economics, banking, and history alike.

This Book Presents The History Of The State Of Banking In India Before And After The Creation Of The Reserve Bank Of India, Including The Difficult Years Of The Depression, World War Ii And The Years Immediately After Independence.