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Agra Bank
The Agra Bank was founded in 1833 in Agra in the Indian state of Uttar Pradesh with a capital of £1,000,000. It was liquidated in 1900.Stuart Muirhead, Edwin Green. ''Crisis Banking in the East'', Ashgate Publishing, 1996 Agra Bank By 1840 its business was still confined to advances to the military. Attempts to circulate banknotes were blocked by the government but in any case notes had little appeal to the bulk of local residents. A branch was established in Somerset Place, Calcutta and by the mid-1850s Calcutta had become its head office with branches in Madras and Bombay and a London agency. Branches in Lahore and Canton were added and at the end of the 1850s the head office was moved to London. London Agra and United Service Bank The Agra and United Service Bank was incorporated in England in 1857 and issued banknotes but it was unable to gain entry to the London Bankers' Clearing House.Dennis O. Flynn, A.J.H. Latham, Sally M. Miller (editors). ''Studies in the Economic Hist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agra
Agra (, ) is a city on the banks of the Yamuna river in the Indian state of Uttar Pradesh, about south-east of the national capital New Delhi and 330 km west of the state capital Lucknow. With a population of roughly 1.6 million, Agra is the fourth-most populous city in Uttar Pradesh and List of cities in India by population, twenty-third most populous city in India. Agra's notable historical period began during Sikandar Lodi's reign, but the golden age of the city began with the Mughals. Agra was the foremost city of the Indian subcontinent and the capital of the Mughal Empire under Mughal emperors Babur, Humayun, Akbar, Jahangir and Shah Jahan. Under Mughal rule, Agra became a centre for learning, arts, commerce, and religion, and saw the construction of the Agra Fort, Sikandra, Agra, Sikandra and Agra's most prized monument, the Taj Mahal, built by Shah Jahan as a mausoleum for his favourite empress. With the decline of the Mughal empire in the late 18th century, the ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
States And Territories Of India
India is a federal union comprising 28 states and 8 union territories, with a total of 36 entities. The states and union territories are further subdivided into districts and smaller administrative divisions. History Pre-independence The Indian subcontinent has been ruled by many different ethnic groups throughout its history, each instituting their own policies of administrative division in the region. The British Raj mostly retained the administrative structure of the preceding Mughal Empire. India was divided into provinces (also called Presidencies), directly governed by the British, and princely states, which were nominally controlled by a local prince or raja loyal to the British Empire, which held ''de facto'' sovereignty ( suzerainty) over the princely states. 1947–1950 Between 1947 and 1950 the territories of the princely states were politically integrated into the Indian union. Most were merged into existing provinces; others were organised into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uttar Pradesh
Uttar Pradesh (; , 'Northern Province') is a state in northern India. With over 200 million inhabitants, it is the most populated state in India as well as the most populous country subdivision in the world. It was established in 1950 after India had become a republic. It was a successor to the United Provinces (UP) during the period of the Dominion of India (1947–1950), which in turn was a successor to the United Provinces (UP) established in 1935, and eventually of the United Provinces of Agra and Oudh established in 1902 during the British Raj. The state is divided into 18 divisions and 75 districts, with the state capital being Lucknow, and Prayagraj serving as the judicial capital. On 9 November 2000, a new state, Uttaranchal (now Uttarakhand), was created from Uttar Pradesh's western Himalayan hill region. The two major rivers of the state, the Ganges and its tributary Yamuna, meet at the Triveni Sangam in Prayagraj, a Hindu pilgrimage site. Ot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankers' Clearing House
Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system. This process is called the clearing cycle and normally results in a credit to the account at the bank of deposit, and an equivalent debit to the account at the bank on which it was drawn, with a corresponding adjustment of accounts of the banks themselves. If there are not enough funds in the account when the cheque arrived at the issuing bank, the cheque would be returned as a dishonoured cheque marked as non-sufficient funds. History England Cheques came into use in England in the 1600s. The person to whom the cheque was drawn (the "payee") could go to the drawer's bank ("the issuing bank") and present the cheque and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oriental Bank Corporation
The Oriental Bank Corporation (), or "OBC", was a British imperial bank founded in India in 1842 which grew to be prominent throughout the Far East. As an Exchange bank, the OBC was primarily concerned with the finance of trade and exchanges of different currencies. It was the first bank in Hong Kong and the first bank to issue banknotes in Hong Kong. History The bank was established in 1842 in Bombay, India, as the Bank of Western India. The bank moved its headquarters from Bombay to London in 1845, and opened branches in Colombo (1843), Calcutta (1844), Shanghai (1845), Canton (1845), Singapore (1846), and Hong Kong (1846). The Bank acquired the failing Bank of Ceylon in 1850, and obtained a royal charter for the merged institution under the name Oriental Bank Corporation in 1851. It was chartered in 1851 to allow competition with the East India Company's opium billing monopoly, which was unpopular in England at the time. Expansion followed with additional branches opening ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overend, Gurney And Company
Overend, Gurney & Company was a London wholesale discount bank, known as "the bankers' bank", which collapsed in 1866 owing about £11 million, equivalent to £ million in . The collapse of the institution triggered a banking panic. History Early years The business was founded in 1800 as Richardson, Overend and Company by Thomas Richardson, clerk to a London bill discounter, and John Overend, chief clerk in the bank of Smith, Payne and Company at Nottingham (absorbed into the National Provincial Bank in 1902), with Gurney's Bank (absorbed into Barclays Bank in 1896) supplying the capital. At that time, bill-discounting was carried on in a spasmodic fashion by the ordinary merchant in addition to his regular business, but Richardson considered that there was room for a London house which should devote itself entirely to the trade in bills. This idea, novel at the time, proved an instant success. Samuel Gurney joined the firm in 1807 and took control of Overend, Gurney and Co. in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Oldest Banks In India
This list of the oldest banks in India includes financial institutions that were founded in the 18th and 19th centuries. Listed are the thirty oldest banks in India, which includes all financial institutions founded prior to 1850. The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770. The oldest bank still in operation is the State Bank of India, whose origins can be traced back to the Bank of Calcutta, was founded in 1806, though the tenth to be founded. Locations of headquarters The below cities are frequently listed among the headquarters of the banks mentioned in the above table. See also * History of banking * Banking in India * List of oldest companies * List of oldest companies in India * Lindy effect References External links List maintained by the Reserve Bank of IndiaEvolution of Banking in IndiaCharles Northcote CookeHistory of Banking in I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1833
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1857
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1867
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Former Banknote Issuers Of Hong Kong
A former is an object, such as a template, gauge or cutting die, which is used to form something such as a boat's hull. Typically, a former gives shape to a structure that may have complex curvature. A former may become an integral part of the finished structure, as in an aircraft fuselage, or it may be removable, being using in the construction process and then discarded or re-used. Aircraft formers Formers are used in the construction of aircraft fuselage, of which a typical fuselage has a series from the nose to the empennage, typically perpendicular to the longitudinal axis of the aircraft. The primary purpose of formers is to establish the shape of the fuselage and reduce the column length of stringers to prevent instability. Formers are typically attached to longerons, which support the skin of the aircraft. The "former-and-longeron" technique (also called stations and stringers) was adopted from boat construction, and was typical of light aircraft built until the adv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Agra
Agra (, ) is a city on the banks of the Yamuna river in the Indian state of Uttar Pradesh, about south-east of the national capital New Delhi and 330 km west of the state capital Lucknow. With a population of roughly 1.6 million, Agra is the fourth-most populous city in Uttar Pradesh and twenty-third most populous city in India. Agra's notable historical period began during Sikandar Lodi's reign, but the golden age of the city began with the Mughals. Agra was the foremost city of the Indian subcontinent and the capital of the Mughal Empire under Mughal emperors Babur, Humayun, Akbar, Jahangir and Shah Jahan. Under Mughal rule, Agra became a centre for learning, arts, commerce, and religion, and saw the construction of the Agra Fort, Sikandra and Agra's most prized monument, the Taj Mahal, built by Shah Jahan as a mausoleum for his favourite empress. With the decline of the Mughal empire in the late 18th century, the city fell successively first to Marathas and later to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
