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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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Madras Bank (1683)
The Madras Bank (1683) was a bank founded in the year 1683 in British India. The bank was 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 making it even older than the Carnatic Bank, The British Bank of Madras (1795) and [...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] |
London
London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Roman Empire, Romans as ''Londinium'' and retains its medieval boundaries.See also: Independent city#National capitals, Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national Government of the United Kingdom, government and Parliament of the United Kingdom, parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the Counties of England, counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Bombay
The Bank of Bombay was the second of the three presidency banks (others being the Bank of Calcutta and the Bank of Madras) of the Raj period. It was established, pursuant to a charter of the British East India Company, on 15 April 1840. The bank's headquarters were in Bombay, now called Mumbai. The Bank of Bombay undertook all the normal activities which a commercial bank was expected to undertake. The Bank of Bombay, in the absence of any central banking authority at that time, also conducted certain functions which are ordinarily a preserve of a central bank. The Bank of Bombay and two other Presidency banks - the Bank of Calcutta and the Bank of Madras - were amalgamated and the reorganized banking entity was named the Imperial Bank of India on 27 January 1921. The Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mussoorie
Mussoorie is a hill station and a municipal board, near Dehradun city in the Dehradun district of the Indian state of Uttarakhand. It is about from the state capital of Dehradun and north of the national capital of New Delhi. The hill station is in the foothills of the Garhwal Himalayan range. The adjoining town of Landour, which includes a military cantonment, is considered part of "greater Mussoorie", as are the townships of Barlowganj and Jharipani. Mussoorie is at an average altitude of . To the northeast are the Himalayan snow ranges, and to the south, the Doon Valley and Shiwalik ranges. The second highest point is the original Lal Tibba in Landour, with a height of over . Mussoorie is popularly known as ''The Queen of the Hills''. History Mussoorie has long been known as Queen of the Hills. The name Mussoorie is often attributed to a derivation of ', a shrub which is indigenous to the area. The town is often referred to as ''Mansuri'' by Indians. In 1803 th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The North Western Bank Of India
The North Western Bank of India (1840) was a bank founded in the year 1840 in Mussoorie, British India. The bank was the nineteenth oldest bank in India. History Founding The bank was founded in 1840 in Mussoorie by English businessmen. The headquarters of the bank were later shifted to Meerut. The bank was initially named as the Mussoorie Bank. After its headquarter was moved to Meerut, the bank was renamed as The North Western Bank of India. The seven earliest directors of the bank were: T. F. Blois, William M. George, H. S. Ravenshaw, William Freeth, J. Angelo, W. H. Orde and R. Willis. Management The bank's area of operations was largely centered around the United Provinces of British India, which corresponds to the present day states of Uttar Pradesh and Uttarakhand. Both Mussoorie and Meerut were located in this same province or region. Most of the earliest employees of the bank were sourced from the Chartered Bank of India, Australia and China. Some of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mirzapur
Mirzapur () is a city in Uttar Pradesh, India, 827 km from Delhi and 733 km from Kolkata, almost 91 km from Prayagraj (formally known as Allahabad) and 61 km from Varanasi. It is known for its carpets and brassware industries, and the folk tradition of ''kajri'' and ''birha'' music. The city is surrounded by several hills of the Maikal range and is the headquarters of Mirzapur district. It is a famous pilgrimage destination for the holy and sacred shrine of Maa Vindhyavasini (Vidhya Mountains) Vindhyachal, ''Ashtbhuja'', ''Kali Khoh'' and ''Devrahwa Baba Ashram''. The district has several waterfalls and natural spots because of its topography. Geography Mirzapur is located at . It has an average elevation of 80 metres (265 feet). The District of Mirzapur lies between the parallels of 23.52 & 25.32 North latitude and 82.7 and 83.33 East longitude. It forms a portion of the Varanasi district. On the north and north-east it is bounded by the Varanasi district; on the south bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Bank Of Mirzapore (1835)
The Bank of Mirzapore (1835) was a bank founded in the year 1835 in British India. The bank was the seventeenth oldest bank in India. It was liquidated in 1937. History Founding The bank was founded in 1835 in Mirzapur by a Mr. Bathurst, a businessman from England who had arrived in India with a hope of striking it big in the banking industry. The bank printed its own notes and achieved a modest level of success in the bill discounting of its notes. Management The bank was known for its punctuality and it soon gained the confidence of merchants and traders of Calcutta who came to rely on it for their banking needs. The owner of the bank Mr. Bathurst was able to build a large house in Mirzapur due to the success of his bank. Final Years The bank faced a lot of competition from the Bank of Calcutta which had opened at around the same time and enjoyed the patronage of the East India Company. By 1837, the Bank of Mirzapore was unable to scale up its operations and w ... [...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 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 l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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] |
The Government Savings Bank (1833)
The Government Savings Bank (1833) was a bank founded in the year 1833 in British India. The bank was the fifteenth oldest bank in India. History Founding The bank was founded in 1833 in Kolkata. Two more branches were opened at Bombay (Mumbai) and Madras (Chennai) in 1833 and 1834 with maximum deposit limit of Rs 500 at 4 per cent interest.https://cultural.maharashtra.gov.in/english/gazetteer/greater_bombay/banking.html The bank played a major role in the early economic history of East Bengal and Bangladesh. Management The bank had its branches in each of the three Presidencies of British India: Bombay, Madras and Bengal (Calcutta). These branches were later merged into a single entity. Final Years The bank was finally closed and liquidated in 1843. Legacy The bank is notable for being the fifteenth oldest bank in India. The bank was the spiritual predecessor of the India Post Payments Bank. See also *Indian banking Modern banking in India origin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Bank Of India (1828)
The Bank of India was a bank founded in the year 1828 in British India and was closed down one year later in 1829. It was the thirteenth oldest bank in India. History Founding Raj Kissen Dutt founded the bank in 1828. It closed down in 1829. The bank played a major role in the early economic history of East Bengal and Bangladesh. Fate The bank issued its own currency notes in its one year of existence. However, many of the currency notes issued by the bank were found to have been forged. The bank closed and was liquidated in 1829. Legacy The bank is notable for being the thirteenth oldest bank in India. It is also notable for being one of the first institutions in India to issue its own paper banknotes or currency notes. The Paper Currency Act, 1861, abolished the right of private banks to issue their own currency notes. See also * Indian banking * List of banks in India *List of oldest banks in India This list of the oldest banks in India includes financi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
