What do you mean by the evolution of financial system in India?
· The first bank in India was set up on modern lines during the year 1770
· The earliest and short-lived attempt to establish a central bank was done during the year 1773
· Bombay Stock Exchange was made functional during the year 1870
· Oriental Insurance Company was set up during the year 1818
· General Non Life Insurance Company was set up during the year 1850
· Reserve Bank of India was established on 01.04.1935
· Unit Trust of India came into existence during the year 1964
· Export Risk Insurance Corporation was set up during July 1967
· Export Credit Guarantee Corporation was established during January 1964
· Deposit Insurance Corporation was set up during 1962
