Banking in India

Key concepts

How Banking in India connects to the ideas, people and events around it.

1. Bank

   A bank is a financial institution that accepts deposits from the public and creates a demand deposit while making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.

2. Bank of Hindostan

   Bank of Hindostan (1770–1832), a now defunct bank, was the third oldest bank in Indian region.

3. General Bank of India

   The General Bank of India was a bank founded in the 18th century and lasted till 1791.

4. State Bank of India

   The State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body, headquartered in Bombay. It is the largest bank in India by assets and deposits.

5. Bank of Calcutta

   The Bank of Calcutta was founded on 2 June 1806, mainly to fund General Arthur Wellesley's wars against Tipu Sultan and the Marathas. It was the tenth oldest bank in India and was renamed Bank of Bengal on 2 January 1809.

6. Presidencies and provinces of British India

   The provinces of India, earlier presidencies of British India and still earlier, presidency towns, were the administrative divisions of British governance on the Indian subcontinent. Collectively, they have been called British India.

7. Bank of Bombay

   The Bank of Bombay was the second of the three presidency banks of the Raj period. It was established, pursuant to a charter of the British East India Company, on 15 April 1840.

8. Bank of Madras

   The Bank of Madras was one of the three Presidency Banks of British India, along with the Bank of Bengal and the Bank of Bombay. It was established on 1 July 1843 through the amalgamation of a number of existing regional banks and headquartered in Madras.

Questions about Banking in India