Tuesday, April 16, 2024

15 Oldest Banks That Once Existed In India – N.F Times




New Delhi: SBI, ICICI, Axis and HDFC bank are among the biggest banks that come to our mind when we think about India’s banking system, right? But do you know that while they are indeed among the biggest ones, but none of these are among the oldest banks in India? Yes, you read that right.

Then which are the oldest banks in India? Read on as we talk about India’s 15 oldest banks:

1. The Madras Bank 

Year of Founding-1683

Year of Closing- 1843

Headquarter-Madras Presidency

2. Bank of Bombay   

Headquarter- Bombay

Year of Founding- 1720

Year of Closing- 1770

3. Bank of Hindustan 

Headquarter-  Calcutta

Year of Founding- 1770

Year of Closing- 1832

4. General Bank of Bengal and Bihar 

Headquarter-  Calcutta

Year of Founding- 1773

Year of Closing- 1775

5. Bengal Bank 

Headquarter-  Calcutta

Year of Founding- 1784

Year of Closing- 1791

6. General Bank of India 

Headquarter- Calcutta

Year of Founding- 1786

Year of Closing- 1791

7. Carnatic Bank 

Headquarter-  Madras Presidency

Year of Founding- 1788

Year of Closing- 1843

8. British Bank of Madras 

Headquarter-  Madras Presidency

Year of Founding- 1795

Year of Closing- 1843

9. The Asiatic Bank 

Headquarter-  Madras Presidency

Year of Founding- 1804

Year of Closing- 1843

10. Bank of Calcutta

Headquarter-  Calcutta

Year of Founding- 1806

Year of Closing- 1921

11. The Commercial Bank 

Headquarter-  Calcutta

Year of Founding- 1819

Year of Closing- 1828

12. The Calcutta Bank 

Headquarter-  Calcutta

Year of Founding- 1824

Year of Closing- 1828

13. The Bank of India 

Headquarter-  Calcutta

Year of Founding- 1828

Year of Closing- 1829

14. The Union Bank 

Headquarter-  Calcutta

Year of Founding- 1828

Year of Closing- 1848

15. The Government Savings Bank 

Headquarter- Calcutta

Year of Founding- 1833

Year of Closing- 1843



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