{"id":1362,"date":"2024-09-26T17:38:47","date_gmt":"2024-09-26T12:08:47","guid":{"rendered":"https:\/\/www.practicemock.com\/blog\/?p=1362"},"modified":"2024-09-27T18:32:09","modified_gmt":"2024-09-27T13:02:09","slug":"evolution-of-banking-in-india-download-free-pdf","status":"publish","type":"post","link":"https:\/\/www.practicemock.com\/blog\/evolution-of-banking-in-india-download-free-pdf\/","title":{"rendered":"Evolution of Banking in India – Download Free PDF"},"content":{"rendered":"\n

The story of banks in India starts with establishment of Bank of Hindustan<\/strong> in 1770 by the agency house of Alexander and Company. Bank of Hindustan failed in the commercial crisis of 1832.<\/p>\n\n\n\n

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The General Bank of India<\/strong> was established in 1786 but failed in 1791.<\/p>\n\n\n\n

Three Presidency banks were set up under charter of the British East India Company:<\/p>\n\n\n\n

1. Bank of Calcutta (in 1806 & later renamed as Bank of Bengal in 1809),<\/p>\n\n\n\n

2. Bank of Bombay (in 1840) and,<\/p>\n\n\n\n

3. Bank of Madras (in 1843).<\/p>\n\n\n\n

These three presidency banks were merged in 1921 to form the Imperial Bank of India<\/strong>, which upon India’s independence, became the State Bank of India<\/strong> in 1955.<\/p>\n\n\n\n

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Some of the banks established in Pre-independence period which are still in existence are given below:<\/strong><\/p>\n\n\n\n

Bank<\/td>Establishment Year<\/td><\/tr>
Allahabad Bank<\/td>1865<\/td><\/tr>
Punjab National Bank<\/td>1894<\/td><\/tr>
Bank of India<\/td>1906<\/td><\/tr>
Central Bank of India<\/td>1911<\/td><\/tr>
Canara Bank<\/td>1906<\/td><\/tr>
Bank of Baroda<\/td>1908<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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Evolution of Banking in India – Download Free PDF<\/a><\/div>\n<\/div>\n\n\n\n

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Evolution of Banking in India FAQ<\/h2>\n\n\n\n
What is the history of banking in India?<\/strong>

The history of banking in India dates back to ancient times, with early forms of banking such as money lending and trade financing.<\/p> <\/div>

How can I get a history of banking in India PDF?<\/strong>

Candidates can check our article and download the history of banking in India free pdf in the article below.<\/p> <\/div> <\/div>\n","protected":false},"excerpt":{"rendered":"

Evolution of Banking in India – Download this Free PDF. Take free mock test of upcoming SSC CGL examination. <\/p>\n","protected":false},"author":2,"featured_media":1364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[3998],"tags":[],"class_list":["post-1362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-awareness"],"yoast_head":"\nEvolution of Banking in India - Download Free PDF<\/title>\n<meta name=\"description\" content=\"Evolution of Banking in India - Download this Free PDF. 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