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    Pratik Narayan
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    The Bank of Hindustan was established in 1770 and was the first bank in India. In the early 19th century, the Presidency Banks (Bank of Bengal, Bank of Bombay, Bank of Madras) were established. In 1921, the Presidency Banks merged to form the Imperial Bank of India. In 1955, the Imperial Bank of India was nationalized and renamed as the State Bank of India. Several other banks were later established or associated with SBI, including the Punjab National Bank in 1894, which was the first bank purely managed by Indians.

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    The Bank of Hindustan was established in 1770 and was the first bank in India. In the early 19th century, the Presidency Banks (Bank of Bengal, Bank of Bombay, Bank of Madras) were established. In 1921, the Presidency Banks merged to form the Imperial Bank of India. In 1955, the Imperial Bank of India was nationalized and renamed as the State Bank of India. Several other banks were later established or associated with SBI, including the Punjab National Bank in 1894, which was the first bank purely managed by Indians.

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    21 views2 pages

    Banking Awarenesspdf

    Uploaded by

    Pratik Narayan
    The Bank of Hindustan was established in 1770 and was the first bank in India. In the early 19th century, the Presidency Banks (Bank of Bengal, Bank of Bombay, Bank of Madras) were established. In 1921, the Presidency Banks merged to form the Imperial Bank of India. In 1955, the Imperial Bank of India was nationalized and renamed as the State Bank of India. Several other banks were later established or associated with SBI, including the Punjab National Bank in 1894, which was the first bank purely managed by Indians.

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    BANKING HISTORY

    1. The Bank of Hindustan Was the First Bank to be established in India in 1770.

    2. PRESIDENCY BANKS

    BANK OF BENGAL: 1809 (BANK OF CALCUTTA: 1806)

    BANK OF BOMBAY: 1840

    BANK OF MADRAS: 1843

    3. In 1921, Presidency Banks were merged to form Imperial Bank of India, it was Private Entity.

    4. In 1955, Imperial Bank of India was Nationalized and renamed as STATE BANK OF INDIA, on
    the recommendation of A.D.GOREWALA COMMITTEE.

    5. 8 Banks were attached with SBI in 1959.

    Named as the Associate Bank of SBI

    They were,

    I. STATE BANK OF BIKANER


    II. STATE BANK OF JAIPUR
    III. STATE BANK OF SAURASHTRA
    IV. STATE BANK OF INDORE
    V. STATE BANK OF HYDERABAD
    VI. STATE BANK OF PATIALA
    VII. STATE BANK OF MYSORE
    VIII. STATE BANK TRAVANCORE

    6. 1st Bank with Limited Liability was Oudh Commercial Bank. This was established in 1881 At
    Faizabad, failed in 1958.

    7. The First Bank Purely Managed by Indians was Punjab National Bank established in Lahore in
    1894.

    8. 1st Indian Commercial Bank which was wholly owned and Managed by Indians was Central
    Bank of India which was Established In 1911.
    Central Bank of India is Called India’s First Truly Swadeshi Bank.
    9. Bank of India was the 1st Indian Bank to open a Branch outside India in London in 1946.

    10. India’s Oldest Joint Stock Bank (Multiple Shareholder) is Allahabad Bank which is still working,
    Established in 1865.
    It is also known as India’s oldest Public Sector Bank.

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