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List of oldest banks in India

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

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.

The oldest bank still in operation is the State Bank of India, whose origins can be traced back to the Bank of Calcutta, was founded in 1806, though the tenth to be founded.[1]

List of oldest banks

Rank Name of the Bank Year of Founding Year of Closing Present Status Headquartered in References[2]
1 The Madras Bank (1683) 1683 1843 Merged to form Bank of Madras, presently the State Bank of India Madras Presidency [3][1][4]
2 Bank of Bombay 1720 1770 Defunct Bombay [3][1][5]
3 Bank of Hindustan 1770 1832 Defunct Calcutta [3][1][6]
4 General Bank of Bengal and Bihar 1773 1775 Defunct Calcutta [3][1][7]
5 Bengal Bank 1784 1791 Defunct Calcutta [3][1][8]
6 General Bank of India 1786 1791 Defunct Calcutta [3][1][9]
7 Carnatic Bank 1788 1843 Merged to form Bank of Madras, presently the State Bank of India Madras Presidency [3][1][10]
8 British Bank of Madras 1795 1843 Merged to form Bank of Madras, presently the State Bank of India Madras Presidency [3][1][11]
9 The Asiatic Bank (1804) 1804 1843 Merged to form Bank of Madras, presently the State Bank of India Madras Presidency [3][1][12]
10 Bank of Calcutta 1806 1921 Merged with the Imperial Bank of India, presently the State Bank of India Calcutta [3][1][13]
11 The Commercial Bank 1819 1828 Merged with The Calcutta Bank to form The Union Bank Calcutta [3][1][14]
12 The Calcutta Bank 1824 1828 Merged with The Commercial Bank to form The Union Bank Calcutta [3][1][15]
13 The Bank of India 1828 1829 Defunct Calcutta [3][1][16]
14 The Union Bank 1828 1848 Defunct Calcutta [3][1][17]
15 The Government Savings Bank 1833 1843 Defunct Calcutta [3][1][18]
16 The Agra & United Service Bank 1833 1866 Defunct Agra [3][1][19]
17 The Bank of Mirzapore 1835 1837 Defunct Mirzapur [3][1][20]
18 Bank of India (London) 1836 1836 Defunct Calcutta [3][1][21]
19 The North Western Bank of India 1840 1859 Defunct Mussoorie [3][1][22]
20 Bank of Bombay 1840 1921 Merged with the Imperial Bank of India, presently the State Bank of India Bombay [3][1][23]
21 Bank of Asia 1841 1842 Defunct London [3][1][24]
22 The Bank of Ceylon 1841 1849 Merged with the Oriental Bank Corporation Colombo [3][1][25]
23 The East India Bank 1842 1842 Defunct London [3][1][26]
24 The Oriental Bank Corporation 1842 1884 Defunct Bombay [3][1][27]
25 The Agra Savings Fund 1842 1863 Defunct Agra [3][1][28]
26 The Bank of Madras 1843 1921 Merged with the Imperial Bank of India, presently the State Bank of India Madras [3][1][29]
27 Delhi Bank Corporation 1844 1844 Defunct Delhi [3][1][30]
28 The Benares Bank 1844 1850 Defunct Benares [3][1][31]
29 Simla Bank Limited 1844 1893 Defunct Shimla [3][1][32]
30 The Commercial Bank of India 1845 1866 Defunct Bombay [3][1][33]
31 The Cawnpore Bank 1845 1851 Defunct Kanpur [3][1][34]
32 The Dacca Bank 1846 1862 Merged with the Bank of Bengal, presently State Bank of India Dhaka [3][1][35]
33 The London Bank of Australia and India 1852 1852 Defunct Agra [3][1][36]

Locations of headquarters

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

Rank Name of the City Number of Ancient Banks Headquartered
1 Calcutta 11
2 Bombay 4
3 Agra 3
4 Madras 2
5 London 2

See also

References

  1. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah "The Evolution of Banking in India". 3 December 2018.
  2. ^ "The World's Biggest Employers". Forbes. Retrieved 31 July 2015.
  3. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag "Reserve Bank of India - Museum". rbi.org.in.
  4. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  5. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  6. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  7. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  8. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  9. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  10. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  11. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  12. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  13. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  14. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  15. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  16. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  17. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  18. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  19. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  20. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  21. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  22. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  23. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  24. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  25. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  26. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  27. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  28. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  29. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  30. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  31. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  32. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  33. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  34. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  35. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
  36. ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. ISBN 9788131301593.
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