| Company 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]
