Indian Economy
In India, the first bank of limited liability managed by Indians and founded in 1881 was

Punjab National Bank
Oudh Commercial Bank
Punjab and Sind Bank
Hindustan Commercial Bank

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Indian Economy
If the RBI adopted an expansionist open market operations policy, this means that it will

openly announce to the market that it intends to expand credit
buy securities from non-government holders
offer commercial banks more credit in the open market
sell securities in the open market

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