List of oldest banks in India

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This list of the oldest banks in Indian subcontinent includes financial institutions that were founded in the 18th and 19th centuries. Listed are the forty oldest banks in India, which includes all financial institutions founded prior to 1850.

Contents

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 was founded in 1806, though the tenth to be founded. [1] [2]


RankName of bankYear of foundingYear of closingPresent statusHeadquartered inReferences [3]
1 The Madras Bank (1683) 16831843Merged to form Bank of Madras, presently the State Bank of India Madras Presidency [4] [2] [5]
2 Bank of Bombay 17201770Defunct Bombay [2] [4] [5]
3 Bank of Hindustan 17701832Defunct Calcutta [2] [4] [5]
4 General Bank of Bengal and Bihar 17731775Defunct Calcutta [2] [4] [5]
5 Bengal Bank 17841791Defunct Calcutta [2] [4] [5]
6 General Bank of India 17861791Defunct Calcutta [2] [4] [5]
7 Carnatic Bank 17881843Merged to form Bank of Madras, presently the State Bank of India Madras Presidency [2] [4] [5]
8 British Bank of Madras 17951843Merged to form Bank of Madras, presently the State Bank of India Madras Presidency [2] [4] [5]
9 The Asiatic Bank (1804) 18041843Merged to form Bank of Madras, presently the State Bank of India Madras Presidency [2] [4] [5]
10 Bank of Calcutta 18061921Merged with the Imperial Bank of India, presently the State Bank of India Calcutta [2] [4] [5]
11 The Commercial Bank 18191828Merged with The Calcutta Bank to form The Union Bank Calcutta [2] [4] [5]
12 The Calcutta Bank 18241828Merged with The Commercial Bank to form The Union Bank Calcutta [2] [4] [5]
13 The Bank of India 18281829Defunct Calcutta [2] [4] [5]
14 The Union Bank 18281848Defunct Calcutta [2] [4] [5]
15 The Government Savings Bank 18331843Defunct Calcutta [2] [4] [5]
16 The Agra & United Service Bank 18331866Defunct Agra [2] [4] [5]
17 The Bank of Mirzapore 18351837Defunct Mirzapur [2] [4] [5]
18Bank of India (London)18361836Defunct Calcutta [2] [4] [5]
19 The North Western Bank of India 18401859Defunct Mussoorie [2] [4] [5]
20 Bank of Bombay 18401921Merged with the Imperial Bank of India, presently the State Bank of India Bombay [2] [4] [5]
21Bank of Asia18411842Defunct London [2] [4] [5]
22The Bank of Ceylon18411849Merged with the Oriental Bank Corporation Colombo [2] [4] [5]
23The East India Bank (1842)18421842Defunct London [2] [4] [5]
24The Oriental Bank Corporation 18421884Defunct Bombay [2] [4] [5]
25 The Agra Savings Fund 18421863Defunct Agra [2] [4] [5]
26The Bank of Madras 18431921Merged with the Imperial Bank of India, presently the State Bank of India Madras Presidency [2] [4] [5]
27 Delhi Bank Corporation 18441916Merged with the Alliance Bank of Simla Delhi [2] [4] [5]
28 The Benares Bank 18441850Defunct Benares [2] [4] [5]
29 The Simla Bank Limited 18441893Defunct Shimla [2] [4] [5]
30The Commercial Bank of India 18451866Defunct Bombay [2] [4] [5]
31 The Cawnpore Bank 18451852Defunct Kanpur [2] [4] [5]
32 The Dacca Bank 18461862Merged with the Bank of Bengal, presently State Bank of India Dhaka [2] [4] [5]
33The London Bank of Australia and India18521852Defunct Agra [2] [4] [5]
34 Chartered Bank of Asia 18521855Defunct London [2] [4] [5]
35 Chartered Mercantile Bank of India, London & China 18531853Defunct London [2] [4] [5]
36 Chartered Bank of India, Australia and China 18531853Defunct London [2] [4] [5]
37 The London and Eastern Banking Corporation 18541857Defunct London [2] [4] [5]
38 The Comptoir D'Escompte of Paris 18541854Defunct Paris [2] [4] [5]

Locations of headquarters

The below cities are frequently listed among the headquarters of the banks mentioned in the above table.

RankName of cityNumber of ancient banks headquartered
1 Calcutta 11
2 London 6
3 Madras 5
4 Bombay 4
5 Agra 3

See also

References

  1. ↑ "The Evolution of Banking in India". 3 December 2018. Archived from the original on 23 May 2021. Retrieved 23 May 2021.
  2. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 "Issuing Currency Notes & Rehabilitation of the Banking System". 2016.
  3. ↑ "The World's Biggest Employers". Forbes . Archived from the original on 26 June 2015. Retrieved 31 July 2015.
  4. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 "Reserve Bank of India - Museum". rbi.org.in. Archived from the original on 20 October 2021. Retrieved 22 May 2021.
  5. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. APH. ISBN   9788131301593. Archived from the original on 2 August 2023. Retrieved 10 April 2022.
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