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The modern commercial banking (CB) originated in India during the 19 th and
the early 20th centuries mainly due to the development of foreign trade and the
emergence of the organized Commercial and industrial sector.
The foreign banks were the first banks to be established in india, and were
known as exchange banks. After world war I the domestic enterprises also
developed which led to the development of Indian banks.
Thus, by the late 1950s the Indian banks began to dominate the field of
banking.
CB Structure:
The CB structure in India is classified into:
Scheduled commercial banks
Non-Scheduled commercial banks