Banking and Insurance during 1930s

 

All Images Courtesy Indian Express Archives

During the 1930s, newspaper advertisements in India were predominantly focused on banks and their deposit schemes, reflecting the rapid emergence and growth of the banking sector during that period. This was a time when institutions like the Imperial Bank of India (now SBI) and other regional banks began actively promoting savings accounts, fixed deposits, and recurring deposit schemes to inculcate financial habits among Indians. These ads often highlighted attractive interest rates, safety of deposits, and the convenience of banking services, signaling the shift from informal money-lending practices to organized banking. The growth of banking during this era laid the foundation for modern financial systems in India, encouraging trust in institutional finance and catering to the economic aspirations of a growing middle class.
 In 2003, the Punjab National Bank took over Nedungadi Bank