The story of banks in India starts with establishment of Bank of Hindustan in 1770 by the agency house of Alexander and Company. Bank of Hindustan failed in the commercial crisis of 1832.
SBI Clerk Prelims free mock test
The General Bank of India was established in 1786 but failed in 1791.
Three Presidency banks were set up under charter of the British East India Company:
1. Bank of Calcutta (in 1806 & later renamed as Bank of Bengal in 1809),
2. Bank of Bombay (in 1840) and,
3. Bank of Madras (in 1843).
These three presidency banks were merged in 1921 to form the Imperial Bank of India, which upon India’s independence, became the State Bank of India in 1955.
Some of the banks established in Pre-independence period which are still in existence are given below:
Bank | Establishment Year |
Allahabad Bank | 1865 |
Punjab National Bank | 1894 |
Bank of India | 1906 |
Central Bank of India | 1911 |
Canara Bank | 1906 |
Bank of Baroda | 1908 |
The Haryana Govt. has released the HKRN Recruitment 2024. Candidates apply for Scientific Sr. Scientific…
Start your preparation for the IBPS PO 2024 Exam in the right way. Follow our…
A well-planned approach with IBPS PO 2024 Preparation Strategy can help aspirants to cover all…
The Staff Selection Commission has been released SSC CPO 2024 Final marks on its official…
ESIC UDC Syllabus 2024 covers topics to study in Prelims and Mains exam. Knowing syllabus…
ESIC UDC Notification 2024 covers a list of details apply online dates, link, selection process,…