History of Banking
Before currency was invented, the purchase of goods and services had been conducted mainly through barter system or gift economies. Slowly as the time rolled by, coins made inroads and that day was not very far when people began to deposit these metals with goldsmiths who owned strong rooms where it would be stored safely and securely for a nominal fee. Banking has evolved from barter system to modern ebanking and internet banking which encompasses a whole range of banking and related services.
Banks have been around since the first currencies were minted, perhaps even before that, in some form or another. This section on our website take you through the vibrant, facinating and dynamic history of banking industry, putting light on some of the major banking institutions that happened to be key players in shaping the history of banking, as it stands today!!