|
The Madras Bank (1683)
The Madras Bank (1683) was a bank founded in the year 1683 in Company rule in India, British India. The bank was List of oldest banks in India, the oldest bank in India. The bank was eventually merged with the Bank of Madras in 1843. History Founding The Madras Bank (1683) was founded on 21 June 1683. The Madras Bank (1683) was the oldest bank founded in the Madras Presidency making it even older than the Carnatic Bank, The British Bank of Madras (1795) and The Asiatic Bank and served many cities in South India. The bank was founded and largely managed by European traders. They worked closely with the English East India Company. Management The bank was staff ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. Diversification In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy. Regulation States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carnatic Bank
The Carnatic Bank was a bank founded in the year 1788 in British India. The bank was the sixth oldest bank in India. The bank was eventually merged with the Bank of Madras in 1843. History Founding The Carnatic Bank was the very first bank founded in the Madras Presidency and served many cities in South India. The founders of the bank were Josias Du Pré Porcher and Thomas Redhead. Both were European merchants from Calcutta. Management The bank was staffed by mostly British nationals who were drawn mainly from the East India Company. The bank had most of its offices and branches in the Madras Presidency. Final years The bank was one of four banks that were merged to form the Bank of Madras in 1843: the Madras Bank, the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank (1804). The Bank of Madras is one of the precursors of the Imperial Bank of India and eventually the State Bank of India. Legacy The bank is notable for being the sixth o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of India
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In India
This is the list of banks which are listed as Scheduled Banks (India) under second schedule of RBI Act, 1934. Commercial banks Public Sector Banks (PSBs) There are 12 public sector banks as of 15 November 2021 Private-sector banks At present, there are 21 private banks in India, as of 1 January 2022. Regional Rural Banks (RRBs) There are 43 regional rural banks in India as of 1 November 2020. Foreign banks Foreign banks in India as on July 14, 2020 - Branch/WOS/Representative form of presence as per RBI: Foreign banks operating as wholly owned subsidiary in India List of notable banks which are incorporated outside India and are operating wholly owned subsidiary in India: Foreign banks with branches in India List of notable banks which are incorporated outside India and are operating branches in India: Foreign banks with representative offices List of notable foreign banks with representative offices in India: Small finance banks Payments ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Banking
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791. The largest and the oldest bank which is still in existence is the State Bank of India (SBI). It originated and started working as the Bank of Calcutta in mid-June 1806. In 1809, it was renamed as the Bank of Bengal. This was one of the three banks founded by a presidency government, the other two were the Bank of Bombay in 1840 and the Bank of Madras in 1843. The three banks were merged in 1921 to form the Imperial Bank of India, which upon India's independence, became the State Bank of India in 1955. For many years, the presidency banks had acted as quasi-central banks, as did their successors, until the Reserve Bank of India was established in 1935, under the Reserve Bank of India Act, 1934. In 1960, the State Banks of India was giv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks That Have Merged To Form The State Bank Of India
This List of banks that have merged to form the State Bank of India includes financial institutions that were at one point or the other merged with the State Bank of India or any of its subsidiaries. This list includes the banks which have been subsidiaries or associates of the State Bank of India. Many of these subsidiaries were later merged into the main State Bank of India. List of banks that have merged to form the State Bank of India 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 India {{DEFAULTSORT:State Bank of India constituent banks Economy-related lists of superlatives Lists of banks History of banking Banks A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultane ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Imperial Bank Of India
The Imperial Bank of India (IBI) was one of the oldest and the largest commercial bank of the Indian subcontinent, and was subsequently transformed into the State Bank of India in 1955. Initially, as per its royal charter, it acted as the central bank for British India prior to the formation of the Reserve Bank of India (RBI) in 1935. Origin The Imperial Bank of India is started through the kayasth trading and banking corporation which work to the monthly payment paid of teacher's of colleges and school and came into existence on 27 January 1921 through the reorganisation and amalgamation of the three Presidency Banks of colonial India into a single banking entity. The decision of his majesty's government was certainly influenced by the 1912 book "Indian Currency and Finance" authored by John Maynard Keynes. The Presidency Banks were the Bank of Bengal, established on 2 June 1806, the Bank of Bombay (incorporated on 15 April 1840), and the Bank of Madras (incorporated on 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Asiatic Bank (1804)
The Asiatic Bank (1804) was a bank founded in the year 1804 in British India. The bank was the ninth oldest bank in India. The bank was eventually merged with the Bank of Madras in 1843. History Founding The Asiatic Bank was the third oldest bank founded in the Madras Presidency after The Madras Bank (1683), the Carnatic Bank (1788) and The British Bank of Madras (1795) served many cities in South India. The bank was founded and largely managed by European traders. They worked closely with the English East India Company. Management The bank was staffed by mostly British nationals who were drawn mainly from the East India Company. The bank had most of its offices and branches in the Madras Presidency.https://cdn.s3waas.gov.in/s313f3cf8c531952d72e5847c4183e6910/uploads/2018/06/2018062956.pdf https://www.nluo.ac.in/wp-content/uploads/2021/04/Legal-Fortnight-Febedn-vol1.pdf Final years The bank was one of four banks that were merged to form the Bank of Madras in 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Town, Chennai
George Town is a neighbourhood in Chennai (formerly Madras), Tamil Nadu, India. It is near the Fort St. George (India), Fort Saint George, Chennai. It is also known as Muthialpet and Parry's corner. It is an historical area of Chennai city from where its expansion began in the 1640s. It extends from the Bay of Bengal in the east to Park Town, Chennai, Park town on the west. The Fort St. George is on the south, to Royapuram in the north. The Fort St. George (India), Fort St. George houses the Tamil Nadu Legislative Assembly and the Secretariat. The Madras High Court, High court of Tamil Nadu at Chennai, Dr. Ambedkar Government Law College, Chennai, Dr. Ambedkar Law College, Stanley Medical College and Hospital are located here. History During the colonial period, the area in and around Muthialpet was renamed as "George Town" by the British in 1911, in honour of George V, King George V when he was crowned as the Emperor of India. George Town is one of the names used for Muthi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East India Company
The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with East Asia. The company seized control of large parts of the Indian subcontinent, colonised parts of Southeast Asia and Hong Kong. At its peak, the company was the largest corporation in the world. The EIC had its own armed forces in the form of the company's three Presidency armies, totalling about 260,000 soldiers, twice the size of the British army at the time. The operations of the company had a profound effect on the global balance of trade, almost single-handedly reversing the trend of eastward drain of Western bullion, seen since Roman times. Originally chartered as the "Governor and Company of Merchants of London Trading into the East-Indies", the company rose to account for half of the world's trade duri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Hindu
''The Hindu'' is an Indian English-language daily newspaper owned by The Hindu Group, headquartered in Chennai, Tamil Nadu. It began as a weekly in 1878 and became a daily in 1889. It is one of the Indian newspapers of record and the second most circulated English-language newspaper in India, after '' The Times of India''. , ''The Hindu'' is published from 21 locations across 11 states of India. ''The Hindu'' has been a family-owned newspaper since 1905, when it was purchased by S. Kasturi Ranga Iyengar from the original founders. It is now jointly owned by Iyengar's descendants, referred to as the "Kasturi family", who serve as the directors of the holding company. The current chairperson of the group is Malini Parthasarathy, a great-granddaughter of Iyengar. Except for a period of about two years, when S. Varadarajan held the editorship of the newspaper, the editorial positions of the paper were always held by members of the family or held under their direction. Histo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Asiatic Bank
The Asiatic Bank (1804) was a bank founded in the year 1804 in British India. The bank was the ninth oldest bank in India. The bank was eventually merged with the Bank of Madras in 1843. History Founding The Asiatic Bank was the third oldest bank founded in the Madras Presidency after The Madras Bank (1683), the Carnatic Bank (1788) and The British Bank of Madras (1795) served many cities in South India. The bank was founded and largely managed by European traders. They worked closely with the English East India Company. Management The bank was staffed by mostly British nationals who were drawn mainly from the East India Company. The bank had most of its offices and branches in the Madras Presidency.https://cdn.s3waas.gov.in/s313f3cf8c531952d72e5847c4183e6910/uploads/2018/06/2018062956.pdf https://www.nluo.ac.in/wp-content/uploads/2021/04/Legal-Fortnight-Febedn-vol1.pdf Final years The bank was one of four banks that were merged to form the Bank of Madras ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
