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
Guardian Bank Guardian Bank Guardian Bank, whose full name is Guardian Bank Limited, is a commercial bank in Kenya with headquarters in Nairobi. It is licensed by Central Bank of Kenya, the central bank and national banking regulator. , the bank was a medium-sized retail bank, with an asset base totaling approximately US$163.3 million (KES:14.195 billion), and shareholders' equity of about US$18.8 million (KES:1.626 billion). At that time, Guardian Bank was ranked number 31, by assets, among 43 licensed financial institutions in its class. Guardian Bank was established in 1992 as "Euro Finance Limited", a non-bank financial institution. As a result of