Banking Act and established
Here are some of the major bank acts and establishments in India, along with their old names:
1. *Reserve Bank of India (RBI)*
- Established: 1935
- Old name: None
- Act: Reserve Bank of India Act, 1934
2. *State Bank of India (SBI)*
- Established: 1806 (as Bank of Calcutta)
- Old name: Imperial Bank of India (1921-1955)
- Act: State Bank of India Act, 1955
3. *Punjab National Bank (PNB)*
- Established: 1895
- Old name: None
- Act: Punjab National Bank Act, 1894
4. *Bank of India (BOI)*
- Established: 1906
- Old name: None
- Act: Bank of India Act, 1906
5. *Canara Bank*
- Established: 1906 (as Canara Bank Hindu Permanent Fund)
- Old name: Canara Bank Ltd. (1958-1969)
- Act: Canara Bank Act, 1969
6. *Union Bank of India*
- Established: 1919 (as Union Bank of India Ltd.)
- Old name: None
- Act: Union Bank of India Act, 1919
7. *Bank of Baroda (BOB)*
- Established: 1908
- Old name: None
- Act: Bank of Baroda Act, 1908
8. *Indian Bank*
- Established: 1907
- Old name: None
- Act: Indian Bank Act, 1907
9. *Central Bank of India*
- Established: 1911
- Old name: None
- Act: Central Bank of India Act, 1911
10. *Bank of Maharashtra*
- Established: 1935
- Old name: None
- Act: Bank of Maharashtra Act, 1935
Some other notable bank acts and establishments in India include:
- *Imperial Bank of India Act, 1920*: Established the Imperial Bank of India, which later became the State Bank of India.
- *State Bank of India (Subsidiary Banks) Act, 1959*: Established the State Bank of India's subsidiary banks.
- *Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970*: Nationalized 14 major commercial banks in India.
- *Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980*: Nationalized 6 more commercial banks in India.
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