The East India Bank (1842)
The East India Bank (1842) was a bank founded in the year 1842 in British India. The bank became defunct with the winding down of its operations in the same year in which it was founded, that is 1842. The bank was notable for being the twenty third oldest bank in India.[1][2]
| Type | Private sector |
|---|---|
| Industry | Banking, Insurance, Capital Markets and allied industries |
| Founded | 1 January 1842 as The East India Bank |
| Defunct | 31 December 1842 |
| Fate | Defunct in 1842 |
| Headquarters | , |
Number of locations | British India |
Area served | India |
| Products | Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes |
| Services | Banking, Trade Finance |
History
Founding
The East India Bank was founded in 1842 in London, England. Though the bank was founded in London, its purpose was to serve the customers residing in British India.[3][4]
Management
The bank was staffed by mostly British nationals who were drawn mainly from the East India Company.[5]
Legacy
The bank is notable for being the twenty third oldest bank in India.[12]
The bank played a key role in the history of Banking in India.[13]
See also
References
- "Reserve Bank of India - Museum". Rbi.org.in. 14 April 2015. Retrieved 15 February 2023.
External links
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