BULLET POINTS - PART: 007
01. The
first bank in India was set up on modern lines in 1770 by an agency house
02. Bombay
stock exchange was made functional as early as 1870
03. The
first life insurance company in the country – Oriental Life Insurance company
04. Oriental
Life insurance company was established in 1818
05. First
General (non life) Insurance company was set up in 1850
06. There
were 566 private commercial banks in the country with 4151 branches in 1951
07. There are 32 foreign banks in the country
08. Foreign banks have around 310 branches all over the country
09. The Unit trust of India came into existence in 1964