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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. Imperial Bank of India was succeeded by State Bank of India in 1955 and State Bank of Pakistan in 1948 respectively whose origins can be traced back to the Bank of Calcutta. It ...
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. [1] [2] [3] [4]
City Union Bank: 1904 Phoenix Mills: 1905 Tamil Nadu State Cooperative Bank (TNSC Bank) 1905 Aurora Film Corporation: 1906 Bank of India: 1906 Canara Bank: 1906 Cosmos Co-operative Bank Ltd: 1906 Hamdard India: 1906 Khoday Group: 1906 National Insurance Company: 1906 Shamrao Vithal Co-operative Bank: 1906 Alembic Group: 1907 Alembic ...
The Asiatic Bank; The Bank of India (1828) The Government Savings Bank (1833) The Bank of Mirzapore (1835) The Bank of Upper India; The Benares Bank; The British Bank of Madras (1795) The Calcutta Bank (1824) The Cawnpore Bank; The Commercial Bank (1819) The Dacca Bank (1846) The Madras Bank (1683) Punjab Banking Company; The Simla Bank Limited
The Madras Bank (1683) was founded on 21 June 1683. [3] [4] [5] 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. [4] [6] [3] [5] The bank was founded and largely managed by ...
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India’s commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
The First National Bank & Trust Company of Newtown United States United States: 1865 HSBC: British Hong Kong Hong Kong: as The Hongkong and Shanghai Bank: 1865 Allahabad Bank: British Raj India: 1865 Isle of Man Bank: Isle of Man Isle of Man: The bank was acquired by National Provincial Bank in 1961 1866 Huntington Bancshares: United States ...
The Bank of Bombay was the second-oldest bank in India after The Madras Bank (1683). It was started in 1720, and lasted until 1770. [1] [2] The bank is one of the three oldest Banks in India, along with The Madras Bank (1683) and the Bank of Hindostan. [3] [2]