This list of the oldest banks in Indian subcontinent includes financial institutions that were founded in the 18th and 19th centuries. Listed are the forty oldest banks in India, which includes all financial institutions founded prior to 1850.
The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770.
Imperial Bank of India was succeeded by State Bank of India in 1955 and State Bank of Pakistan in 1948 respectively whose origins can be traced back to the Bank of Calcutta. It was founded in 1806, though the tenth to be founded.
Locations of headquarters
The below cities are frequently listed among the headquarters of the banks mentioned in the above table.
| Rank | Name of city | Number of ancient banks headquartered |
|---|---|---|
| 1 | Calcutta | 11 |
| 2 | London | 6 |
| 3 | Madras | 5 |
| 4 | Bombay | 4 |
| 5 | Agra | 3 |
See also
- History of banking
- Banking in India
- List of oldest companies
- List of oldest companies in India
- Lindy effect
References
- ^ "The Evolution of Banking in India". 3 December 2018. Archived from the original on 23 May 2021. Retrieved 23 May 2021. Cite error: The named reference "auto" was defined multiple times with different content (see the help page).
- "The World's Biggest Employers". Forbes. Archived from the original on 26 June 2015. Retrieved 31 July 2015.
- ^ Shrivastava, Mohan Prasad (2007). Banking Reforms and Globalisation. APH. ISBN 9788131301593. Archived from the original on 2 August 2023. Retrieved 10 April 2022.
External links
- List maintained by the Reserve Bank of India
- Evolution of Banking in India
- Charles Northcote Cooke
- History of Banking in India
