The London Bank of Australia and India

The London Bank of Australia and India (1852) was a bank founded in the year 1852 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 1852. The bank was notable for being the thirty third oldest bank in India.[1]

The London Bank of Australia and India
TypePrivate sector
IndustryBanking, Insurance, Capital Markets and allied industries
Founded1 January 1852 (1852-01-01) as The Agra Savings Fund
Defunct31 December 1852 (1852-12-31)
FateDefunct in 1852
Headquarters
Agra
,
India
Number of locations
United Provinces
Area served
India
ProductsDeposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes
ServicesBanking, Trade Finance

History

Founding

The London Bank of Australia and India was founded in 1852 in Agra, India.[2][3]

The bank largely served the customers of the United Provinces, which today corresponds to the Uttar Pradesh state of India.[4][5]

Management

The bank was staffed by mostly British nationals who were drawn mainly from the East India Company.[6]

The bank was headquartered in the Agra city in the United Provinces.[7][8]

Final years

In 1852, the bank was on the verge of failure.[9][10]

The bank was finally closed in the year 1852.[11][12]

Legacy

The bank is notable for being the thirty third oldest bank in India.[13]

The bank played a key role in the history of Banking in India.[14]

See also

References
  14. "Reserve Bank of India - Museum". Rbi.org.in. 14 April 2015. Retrieved 15 February 2023.
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