| Type | Private sector |
|---|---|
| Industry | Banking, Insurance, Capital Markets and allied industries |
| Founded | 1 May 1863 as The Bank of Upper India [1] |
| Defunct | 31 March 1913 |
| Fate | merged with the Alliance Bank of Simla |
| Successor | Alliance Bank of Simla |
| Headquarters | , |
Number of locations | United Provinces |
Area served | India |
| Products | Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes |
| Services | Banking, Trade Finance |
| Parent | Alliance Bank of Simla |
The Bank of Upper India (1863) was a bank founded in the year 1863 in British India. The bank became defunct in the year 1913, when it was acquired by the Alliance Bank of Simla. [2]
The Bank of Upper India was founded in 1863. [3] [4] [5]
The bank was mentioned several times in British Parliamentary debates. [6] [7]
The bank was staffed by mostly British nationals who were drawn mainly from the East India Company. [8]
The bank was headquartered in Meerut city in the United Provinces. [9]
In 1911, the bank was on the verge of failure and it was decided to merge the bank with the Alliance Bank of Simla. [10]
In 1913, the bank was finally merged with the Alliance Bank of Simla. [11] [12]
The bank is notable for being one of the oldest banks in India. [13]
The bank is also notable for being one of the precursors of the State Bank of India, through its predecessor the Alliance Bank of Simla. [14]
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 48th largest bank in the world by total assets and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the tenth largest employer in India with nearly 250,000 employees. On 14 September 2022, State Bank of India became the third lender and seventh Indian company to cross the ₹ 5-trillion market capitalisation on the Indian stock exchanges for the first time.
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.
Samuel Bourne was a British photographer known for his prolific seven years' work in India, from 1863 to 1870. Together with Charles Shepherd, he set up Bourne & Shepherd first in Shimla in 1863 and later in Kolkata (Calcutta); the company closed in June 2016.
Central Bank of India (CBI) is an Indian public sector bank based in Mumbai. Despite its name, it is not the central bank of India; The Indian central bank is the Reserve Bank of India.
The historic overseas bank was established in London in 1828 as Leslie & Grindlay, agents and bankers to the British army and business community in India. Banking operations expanded to include the Indian subcontinent, the Middle East and elements of Africa and Southeast Asia. It was styled Grindlay, Christian & Matthews in 1839, Grindlay & Co from 1843, Grindlay & Co Ltd from 1924 and Grindlays Bank Ltd in 1947 until its merger with the National Bank of India.
The Alliance Bank of Simla was a British-run though India-registered bank that commenced operations in Simla in 1874 under the management of James Lewis Walker. The bank was established to take over the business of the United Bank of India, established in 1866, which had operations in Simla and Umballa. Its board put the United Bank of India in voluntary liquidation on 21 March 1874, and Alliance Bank commenced operations two days later. After 49 years, Alliance Bank failed on 27 April 1923 due to speculation by its management. At the time that it failed it had 36 branches, including ones in Lahore, Lucknow, Peshawar, Rawalpindi, and Rangoon.
Sir Henry Seymour King, 1st Baronet KCIE was a British banker, mountaineer and Conservative politician.
The Imperial Cadet Corps (1901–1917) was a cadet corps or military school founded exclusively to give officer training to the princes and gentlemen of British India. It was founded in November 1901 under the direct surveillance of Lord Curzon at Meerut and Dehradun. Major D. H. Cameroon was made its first commandant and Maharaja Pratap Singh of Idar was made its Honorary Commandant. The youths between 17 and 20 years were selected and admitted as Imperial Cadets; their education was to be at any one of the Chief's college at Rajkot, Indore, Lahore, Ajmer or Raipur. The selected cadets had to join the corps at Meerut or Dehradun. Though the ICC failed in course of time and was closed in 1917, it nevertheless established the precedent for the officer training of Indians in India, which resulted in the founding of the Indian Military Academy at Dehradun in 1932.
The Delhi and London Bank was a bank that operated in British India.
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.
The General Bank of Bengal and Bihar was a bank in British India that operated between 1773 and 1775.
The Carnatic Bank was a bank founded in the year 1788 in British India. The bank was the seventh oldest bank in India.
The Commercial Bank was a bank founded in the year 1819 in British India. The bank was the eleventh oldest bank in India.
The Calcutta Bank was a bank founded in the year 1824 in British India. The bank was the twelfth oldest bank in India.
The Government Savings Bank (1833) was an Indian bank founded in 1833 in British India and operated until it was liquidated in 1843. The bank was the fifteenth oldest bank in India.
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.
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.
The Punjab Banking Company (1889) was a bank founded in the year 1889 in British India. The bank became defunct in the year 1916, when it was acquired by the Alliance Bank of Simla.
The Agra Savings Fund (1842) was a bank founded in the year 1842 in British India. The bank became defunct in the year 1863 with the winding down of its operations. The bank was notable for being the twenty fifth oldest bank in India.
The Simla Bank Limited (1844) was a bank founded in the year 1844 in British India. The bank became defunct in the year 1893 with the winding down of its operations. The bank was notable for being the twenty ninth oldest bank in India.
