The British cmae to india in tthe 17th century.The East India Company established its agency houses in Bombay,Calcutta&Madras. These agency houses were the combination of Trade and Banking in India.
Bank of Hindustan : Appendage of Alexander&co. 1st Bank under European direction. It was established in 1771 at Calcutta. It collapsed due to failure of parent company.
Bengal Bank was established in 1784. Genreral Bank of India was established in 1786. It was the 1st joint stock company with limited liability. Presidency Bank were established in Calcutta, Bombay and Madras. It Amalgamated into the Imperial Bank in 1921.
In 1865 Allahabad Bank was set up under European Management. In 1875 Alliance Bank of Shimla was started. Oudh Commercial Bank was the 1st purely Indian Management joint Bank.Swadeshi Movement was started in 1905 and tthe period from 1906 to 1913 was a period of boom for Indian Banking. The Bank of Burma was established in 1904. Bank of India, Bank of Rangoon & Indian Specie Bank was established in 1906. Some of the important banks which were estabished later were Bank of India, Central Bank of India,Bank of Baroda...etc.
keywords:
Orgin on bank in india new. development of banking in india, history of bank in india.
Bank of Hindustan : Appendage of Alexander&co. 1st Bank under European direction. It was established in 1771 at Calcutta. It collapsed due to failure of parent company.
Bengal Bank was established in 1784. Genreral Bank of India was established in 1786. It was the 1st joint stock company with limited liability. Presidency Bank were established in Calcutta, Bombay and Madras. It Amalgamated into the Imperial Bank in 1921.
In 1865 Allahabad Bank was set up under European Management. In 1875 Alliance Bank of Shimla was started. Oudh Commercial Bank was the 1st purely Indian Management joint Bank.Swadeshi Movement was started in 1905 and tthe period from 1906 to 1913 was a period of boom for Indian Banking. The Bank of Burma was established in 1904. Bank of India, Bank of Rangoon & Indian Specie Bank was established in 1906. Some of the important banks which were estabished later were Bank of India, Central Bank of India,Bank of Baroda...etc.
keywords:
Orgin on bank in india new. development of banking in india, history of bank in india.
No comments:
Post a Comment