Banking in India 1959. These are now called its associate banks. In 1969 the Indian government nationalised 14 major private banks, one of the big bank was Bank of India. In 1980, 6 more private banks were nationalised. These nationalised banks are the majority of lenders in the Indian economy. They dominate the banking sector because of their large size and widespread networks. The Indian banking sector is broadly classified into scheduled and non-scheduled banks. The scheduled banks are those included under the 2nd Schedule of the Reserve Bank of India Act, 1934. The scheduled banks are further classified into: nationalised banks; State
Mumbai Central - Indore Duronto Express take over until Ratlam Junction following which a Ratlam based WDM 2 or WDM 3A locomotive would take over. Western Railway completed DC Electric Conversion to AC on 5 February 2012 & with the electrification of the Indore - Ujjain sector, it is now regularly hauled by a Vadodara based WAP 4E or WAP 5 all the way from Mumbai Central to Indore Technical Stoppages: Vadodara Junction, Ratlam Junction, Ujjain Junction Mumbai Central - Indore Duronto Express The Indore Duronto Express is a superfast express train of the Indian Railways connecting Mumbai Central (MMCT) to Indore (INDB). It is currently