2 Flashcards
The origin of modern banking started from 1770 in the name of “__” by English agency ‘House of Alexander & Co’ in Kolkatta however it was closed in1832.
Bank of Hindustan
The origin of the State Bank of India can be traced back to __.
Bank of Calcutta (2nd June 1806)
The first Presidency Bank was the Bank of Calcutta, established by __ on 2nd June, 1806.
East India Company
The second presidency bank was the Bank of Bombay which was incorporated on __.
15th April 1840
The third presidency bank was Bank of Madras which was incorporated on __.
1st July 1843
The three presidency banks were re-organized and amalgamated to form a
single entity named “__” on 27th January ,1921. It was later transformed into “State Bank Of India” in1955 July 1st.
Imperial Bank of India