| * | The new banks are required to be registered as public limited companies under the Companies Act, 1956, with initial paid up capital of (as per 1993 Guidelines) Rs. 100 Crores. |
| * | National Housing Bank was setup in July, 1988. |
| * | New Bank of India was merged with Punjab National Bank (PNB). |
| * | Government decided to allow new local area banks in the year 1996. |
| * | The minimum paid up capital for local area banks is Rs. 5 Crores and the promoter’s contribution is Rs. 2 Crores. |
| * | The subsidiary banks were established under the State Bank of India (subsidiary) Act of 1959. |
| * | National Bank of Agriculture and Rural Development (N A B A R D) was set up in the year 12th July, 1982. |
| * | If Regional Rural Banks and Co-operative banks seek permission of the RBI for opening branches, it will have to obtain recommendation from N A B A R D. |
| * | N A B A R D provides different types of refinance to the eligible institutions namely State Co-operative Banks, Regional Rural Banks and State Land Development Banks. |
| * | The Housing Bank has launched a “Home Loan Account Scheme” with effect from 01-07-1989. |
| * | Industrial Development Bank of India was set up in the year 1964. |
| * | IDBI was delinked from the RBI on 16-02-1976. |
| * | The Industrial Finance Corporation of India was the first development bank established in India in the year 1948. |
| * | ICICI was set up as a joint stock company in the year 1955. |
| * | The public cum right issue of capital by ICICI was in the year 1991. |
| * | The Industrial Reconstruction Corporation of India Limited was set up in the year 1971. |
| * | The Tamilnadu Industrial Investment Corporation was set up as a joint stock company in 1949. |
| * | The Co-operative banks are organised on a "three-tier-system". |
| * | Punjab National Bank (1894) and People's Bank (1901) was started by Harkishan Lal Gauba. |
